The Influences of Speedy Trains Transform China

Source:http://www.nytimes.com/2013/09/24/business/global/high-speed-train-system-is-huge-success-for-china.html?pagewanted=2&hpw

With the development of speedy trains, they have been exerting a more and more considerable on other business industries.

To start with, the fast trains have a significant effect on airline companies. Although a deadly accident happened , compared with airplanes, trains are still a better choice for Chinese because of the traditional idea that trains are safer than planes. As a result, the airline companies in china suffered a lot from the advancement of trains. For example, it takes passengers only 3 hours from Nanjing to Beijing by train. Nobody would like to spend much more money to take a plane.

However, this trend also contributes to creating business opportunities. For example, as is mentioned in the website, businessmen have more opportunities than before. They can show up in Guang Zhou in the morning and come back to Beijing at night to get more orders. What’s more, many prosperous cities are coming into being because of the traffic which may be able to send various resources and labors everywhere in China.

In my opinion, if I worked in an investment bank, I would focus on houses or apartments the new railway stations because the price of them has a great possibility to go up. At the same time, people can open our own restaurants or stores nearby. After several years, people can just sell them, which also makes a lot of money.

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