Areas I: Investment Policies and Rail Network

areas i: Both of course, have their advantages and disadvantages and there is much to be debated about this, according to Global Times China. Nevertheless, in some areas I have witnessed how China's successes are now eclipsing that of the UK's and leaving my home country behind, most predominantly in the realm of infrastructure development and state-led investment. Photo Xinhua/Xing Guangli As a Briton having lived in China and as a frequent visitor to the country, I am constantly exposed to two very different political and economic systems. The investment policies of the Chinese government have led to overwhelming achievements, including but not limited to an extensive high-speed rail network, state of the art airports, leading urban transit systems, impressive urban development and so on, all of which Britain's neo-liberal, laissez-faire market order which commenced in the 1980s, have failed to muster, despite being a much smaller, advantaged and wealthier country with overwhelming historical advantages. The government of late prime minister Margaret Thatcher aggressively introduced this policy by ending state subsidy for industry, deregulating financial markets and privatizing national infrastructure which permitted total commercial procurement over the country's energy, telecommunications and key transport provisions including railways and bus services. What are the baseline differences between the British and Chinese government attitude toward economic development Since the 1980s, British economic policy has been dominated by a paradigm that believes an unfettered private market, without government intervention, is the recipe to all economic success including in core national infrastructure. (news.financializer.com). As reported in the news.