History
China is in the midst of a massive upgrade of its transport infrastructure. Until recently, China's economy was able to continue to grow despite deficiencies in infrastructure development. This is no longer the case, and the Government realizes that to keep the economy moving forward, they need an efficient system in place to move goods and people across the country. According to World Bank statistics, goods lost due to poor or obsolete transport infrastructure amounted to one percent of China's GDP as recently as the most current survey (mid 1990s). Logistic costs account for 20% of a product's price in China, compared to 10% in the United States, and 5% in other developed countries.
Ports are being improved for greater use of China's waterways, and airports are being improved across the country. Related industries such as construction equipment, engineering, container security, and electronics and safety devices have also grown rapidly.
Read more about this topic: Transport In China
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“I believe that in the history of art and of thought there has always been at every living moment of culture a “will to renewal.” This is not the prerogative of the last decade only. All history is nothing but a succession of “crises”Mof rupture, repudiation and resistance.... When there is no “crisis,” there is stagnation, petrification and death. All thought, all art is aggressive.”
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