@yogthos Well, first, this looks like another propaganda video from the World Economic Forum rather than a proper tech outbreak. Second, the Wikipedia page about the SHA maglev tells a lot about the disaster this project has been - and guess what? The page figures are very conservative.
https://en.m.wikipedia.org/wiki/Shanghai_maglev_train
Last, it's another Chinese honeypot like they did for the SHA-BJG train line - with the unwilling contributions of Siemens / Bombardier / Shinkansen / Alstom...
"Fool me once..."
@9x0rg I'd don't see why WEF, a western liberal organization, would be doing propaganda for China. The west and China aren't exactly on best of terms at the moment.
And doing new things that have never been done before is always going to be difficult. Calling this a disaster is a really weird framing to me.
Any new technology needs time to be figured out and for teething problems to get smoothed out. China is willing to think long term here and that's a good thing.