Posted on 09/12/2010 3:34:08 PM PDT by calcowgirl
SHANGHAI — Gov. Arnold Schwarzenegger is engaging in a little window-shopping of China's new high-speed train lines while peddling Californian exports and tourism in the world's second-largest economy.
His own state budget $19 billion in the red, Schwarzenegger says he is hoping for some "creative financing" from Asia to help lower costs and get California's proposed high-speed rail lines up and running.
Industry experts say cash-rich China may be best placed to help with funding, and less risk averse than others whose banks are still recovering from the financial crisis. That could prove a key competitive advantage as it goes head-to-head against better established high-speed rivals rail in Asia and Europe.
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Schwarzenegger posed for photos Sunday on a high-speed train in Shanghai, after spending Saturday, the first day of his weeklong trade mission of nearly 100 business leaders, hobnobbing in Hangzhou with Jack Ma, founder of Internet trading behemoth Alibaba.com, and other Chinese entrepreneurs.
"Today what I have seen is very, very impressive. We hope China is part of the bidding process, along with other countries around the world, so that we can build high speed rail as inexpensively as possible," he told reporters.
He also announced a plan for Silicon Valley to bid for the 2020 World Expo, which would be California's first time to host the event since 1940.
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"There is great potential over there and in Japan and Korea, when it comes to building our high-speed rail and also providing the money for building the high-speed rail," Schwarzenegger told reporters before leaving California.
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Can he see Russia from there?
He’ll be gone after the first of the year. Let’s hope his replacement is an improvement.
“Can he see Russia from there?”
Heh, Palin centerpunched him with her reply.
I understand why the press wants to make “them” think she’s not bright, ‘cuz she’s way brighter than our ruling class crowd.
How about issuing him a one way ticket to Mongolia.
Ahnold is on a junket using Cal tax dollars?He only has a couple of months left, what is he doing? I haven’t been able to get anything done so I might as well go to China. Ahnold, don’t come back!
Who’d have thought China with a Communist government is more Conservative and pro-freedom than California’s is ?
I guess arnie has nothing to do so like his buddy mac daddy he’ll waste the tax payers money taking a mini vacation.
The PRC knows very well that California is not only broke, but aggressively courting financial armageddon.
If the state goes through with this, it is going to be very bad news for Californians. The terms of the deal will be ruinous, and the trains will be just more shoddy and dangerous Chinese goods.
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