China opened a new leg of its high speed railway system yesterday taking the total length of track to over 6500 miles. That’s long enough to span from New York to Los Angeles and back, with a little to spare. The system is comprised of 37 bullet trains carrying passengers and 18 carrying cargo, crossing the country at about 125 miles per hour.
With the new line, the traveling time between Fuzhou, capital city of southeastern China’s Fujian Province, and Nanchang, capital city of Jiangxi Province, will be reduced from the previous 11 hours to 3 hours and 12 minutes.
Third Point's Dan Loeb discusses their new positions in a letter to investor reviewed by ValueWalk. Stay tuned for more coverage. Loeb notes some new purchases as follows: Third Point’s investment in Grab is an excellent example of our ability to “lifecycle invest” by being a thought and financial partner from growth capital stages to Read More