This is a very interesting report by a delegation of the House Committee on Interstate and Foreign Commerce which visited Japan and China in August 1979. The section on Japan is noteworthy both because of a discussion of various theories about the trade imbalance and, even more, a fascinating account of Japanese transportation technology and its potential applicability to the United States. In addition to the famous "bullet train," or Shinkansen, which in its 15 years of operation has carried more than a billion passengers at speeds of up to 126 miles an hour on a 641-mile track, the Japanese are now pioneering with new high-speed, magnetically levitated surface transportation systems which, in the opinion of the delegates, hold great promise for the U.S. The section on China has a helpful account of China's energy picture and of the prospects for U.S.-Chinese trade.
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