China's economy has been the envy of the world for a decade, but what about its transportation system? With the largest population in the world and growing, maybe we should be looking at its mobility. The economic superpower has built a 21st century road system to keep up with its new appetite for cars.
Transportation economist and Vice President of Policy Research at Reason Foundation, Adrian Moore, says that China is using "pricing scientifically" to keep up with the largest car market in the world. He sat down with Reason.tv to talk about what many are calling, "the most important bilateral relationship in the 21st century."
Moore has been working with China on free market transportation solutions for booming cities that are attracting hundreds of thousands of people every month. China's demand for cars is being driven by its new middle class, which is roughly the size of the entire population of the United States.
Doing transportation right is something China can't afford to do wrong. Moore explains what it is doing right, wrong and what this "capitalist country" can learn from the "avowedly communist system".
Filmed and edited by Sharif Christopher Matar.
Approximately 10 minutes.
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