Quote:
Originally Posted by Norg
i think yall confusing china with japan there are alot of towns and cities in china that are ****ty
|
China is far ahead of the U.S. in infrastructure and they even beat Japan to be number 1 in the world with high-speed rail, alone...
List of high-speed railway lines
What America Can Learn from China about Infrastructure Investment
Quote:
Beijing understood that for China to become a global economic power, it needed world-class infrastructure. China engaged in a multidecade investment project to develop thousands of miles of roads and railways. From 1992 to 2011, China spent an average of 8.5% of GDP per year, investing in transport and social and digital infrastructure. It is no surprise that this period of infrastructure expansion coincided with rapid national growth and laid the foundation for Chinese economic power for years to come.
The United States now finds itself in the unenviable position of having some of the worst-quality infrastructure in the developed world. The American Society of Civil Engineers’ 2021 Report Card for America’s Infrastructure rated the U.S. at a C- overall, with 11 of 17 categories in the D range. Internet and cellphone services can be poor in rural parts of the country, and patchy in urban areas. And, as made infamous by Flint, Mich., some parts of the country’s drinking-water supply contain dangerous levels of lead. Yet federal infrastructure investment has dropped to the lowest level in 40 years measured relative to GDP and as a share of federal spending, despite a funding gap that the ASCE puts at nearly $2.6 trillion.
The drag on economic growth this underinvestment creates is not trivial. Estimates suggest U.S. households could lose out on as much as $3,300 per year from 2020 to 2039 if infrastructure is not revitalized. The declining state of American infrastructure exacerbates secular stagnation and leads to a lower growth trajectory.
|
The World WON'T Believe China's New Infrastructure (America Jealous)