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China ditches Maglev project
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[quote user="cordon"] <p>The real problem is that we need to produce more stuff that the Chinese want. If we don't, they will come here with their dollars and buy up our properties. Railroads (that puts it on topic, I hope).....</p><p>[/quote]</p><p>It's my understanding that the Chinese may already have significant indirect stake in BNSF, and the fact that BNSF (1) cross-subsidizes Chinese imports on the backs of domestic rail shippers, and (2) went balls to the walls to get the LA-Chicago transcon double tracked while nickel and diming the primary domestic shipping routes, such would seem to bear out this perception of de facto Chinese control over BNSF's corporate decisions.</p>
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