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China to get maglev train.

Europe Intelligence Wire

| January 01, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From FT Investor (Stories))

Zhu Rongji, China's premier, was so impressed by his ride on the world's first commercial magnetically levitated train on New Year's eve that Beijing has awarded a contract to the German consortium that makes the technology to lengthen the rail system from Shanghai (pictured) to cities in the surrounding area.

Mr Zhu inaugurated the train with Gerhard Schroder, the German chancellor, with a ride aboard the "maglev" - a train that has no wheels but hovers instead on an electromagnetic cushion - from Shanghai's airport to its financial centre.

Unlike his previous trip on a maglev in Germany, Mr Zhu did not feel dizzy after the trip. He instead praised the technology and joked before boarding that he had not bought insurance. "How do I know it's safe? Because it has no wheels and never ...

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