China: Betting Big on High-Speed Rail - TIME: "Spending on railroad construction increased 80% over 2008 totals to reach $88 billion in 2009. It will climb to $120 billion this year and exceed $700 billion over the next decade. The most ambitious focus of that investment is the expansion of China's high-speed passenger rail. Right now, China is the world's leader with 6,552 km of high-speed tracks (defined as those that can carry trains at speeds over 200 km/h). It plans to double that distance in two years."