China Rail + China Buys Italian Yachtmaker

choi

(1) China’s railways | Less Express; What the country needs is a more efficient network, not faster trains. Economist, Jan 7, 2012
http://www.economist.com/node/21542420

Quote:

"CSR Corp, China’s biggest trainmaker, has unveiled a supertrain said to be inspired by the shape of an ancient Chinese sword. It should slice through the air at 500kph.

"Supertrains are sexy. Politicians love to show them off. But to allow more Chinese people to get where they want to go at a reasonable price, then three less glamorous types of investment would yield better returns. China Rail, the state near-monopoly, is deficient in all three. The first is safety. * * * The second neglected area is information technology. * * * The third area is pricing [which should be deregulated].

(2) Duncan Mavin, China Lives the Life, Buys the Company. China Real Time, Jan 11, 2012
http://blogs.wsj.com/chinarealti ... e-buys-the-company/

Quote:

"This week’s announcement that Italy’s Ferretti Yachts will soon be under Chinese ownership is the latest example. China’s state-owned Shandong Heavy Industry Group Co. said it will buy a 75% stake in the yachtmaker in a deal worth EUR374 million.

"the growth of yachting in China so far has been limited by a shortage of marinas.