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2012 forecast: transport

— Global


Africa's first high-speed rail network, Cambodia's "bamboo" railway upgrade and China's ambitious aviation plans.

Aviation Industry Corporation of China, GE, Gilbert Heise

How to train your dragon


China is in the midst of a massive buildup in its aerospace manufacturing sector as part of an aggressive plan to take on aviation stalwarts in the West. But China still lacks the technical expertise necessary to build a competitive aeroplane – a potential goldmine for western aviation firms. US-based GE Aviation, a major player in aircraft engines and systems, has stepped into China with full force with 15,000 employees in the country and sales of $5bn (€3.6bn) in 2010. GE is now embarking on a joint ven…


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