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View Patrick Chovanec's Comments
Morgan Stanley's Wang Misreads China
I'm glad you enjoyed the maglev ride, and that it was convenient for you. I can only say that my experiences visiting Shanghai have been different than yours, and that my opinion of the project is widely shared.
Not that Wikipedia is an indisputable source or anything, but for convenience I would refer you to their entry for "Shanghai Maglev," which states "Following the opening, overall maglev train ridership levels were at 20% of capacity. The levels were attributed to limited operating hours, the short length of the line, high ticket prices and station at the upmarket financial hub of China in Pudong at Longyang Road Terminus." It also notes that in 13 June, 2007, Asia Times reported that it "could hardly be called a commercial success", in part because "it virtually goes nowhere".
It could be that these observations do not agree with yours, or that they are out of date. But I assure you, my comments weren't made out of malice.
On Aug 24 10:45 PM sasha sha wrote:
> Patrick Chovanec,
> I don't know who you are, and what's your motive, but I felt compelled
> to at least point out one example of your glaring lack of truthfulness
> in your description of China's state plan...
> You said that "...Shanghai's maglev train, which runs from the airport
> to the middle of nowhere, and thus carries virtually no passengers
> (although it runs constantly), is merely the most glaring example."
> Nothing could be further from the truth. I was there in Shanghai
> in August last year. I took the maglev train. It was nearly full.
> It took about 8 minutes from the airport to one of the busiest section
> of downtown Shanghai: JingAnShi. You must be either an ignoramus
> or someone with a twisted mind to call JingAnShi 'middle of nowhere'...
> It was an awesome 8-min ride, which would otherwise take about 75
> minutes... It does not run constantly. You have to wait for one of
> the shifts ...
> I stop here... I cannot help but wondering how editors at Seeking
> Alpha sort out facts from opinions ... unless they are there themselves...
Aug 31 11:16 AM
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