AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
(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 ...