For those people who think that China only makes cheap sh*t*, as a recent poster claimed, China's move up the chain of world technology is going to bring many changes.
This past week, Russia (currently being shunned by the west) accepted a Chinese bit to finance and build a near 800 km long fast train service from Moscow to Kazan (on the River Volga)
High-speed rail deal part of agreements worth $10 billion
Updated: 2014-10-14 02:40
By ZHAO YINAN and FU JING in Moscow and ZHAO LEI in Beijing(China Daily)
Premier Li Keqiang talks to the media at a joint news conference with Russian Prime Minister Dmitry Medvedev in Moscow on Monday. [Rao Aimin / Xinhua]
China will take a decisive stake in the next stage of Russia's transportation development, with Chinese companies building the country's first high-speed rail line. The agreement formed part of joint deals worth $10 billion being signed on Monday.
Chinese firms and their Russian partners will hold talks on design, financing, supplying facilities and construction of a 770-km high-speed line connecting Moscow and Kazan, an important metropolis on the Volga River.
This was one of 39 agreements being signed after Premier Li Keqiang and Russian Prime Minister Dmitry Medvedev met for the 19th Regular Prime Ministers' Meetings.
Under the Russian plan, the line will form the initial section of a railway stretching to Beijing, with completion scheduled for 2018 in time for the World Cup soccer finals in Russia. Kazan is one of the host cities.
Trains on the line will reach speeds of up to 400 km/h, shortening the traveling time between the two cities from 13 hours to three and a half, according to the Moscow Times newspaper.
Reference: http://usa.chinadaily.com.cn/china/2014-10/14/content_18732945.htm
* The poster who made that comment completely misunderstands how the world works. The poster seemed to have the impression that China sells things in the USA (I think that was the poster's home). The reality is (in that case) that American bulk buyers go to China to buy things. They are presented as they talk to Chinese factories, with a huge range of products of varying qualities and price ranges. The American buyers make a choice of what they think they can sell in America in their outlets. The choice of the quality of a product is made (usually) by an American buyer, not a Chinese seller.