Schwarzenegger invites high-speed rail bids from China

California Governor Arnold Schwarzenegger said during a visit to Shanghai that he hoped China would participate in the bidding process for the construction of high-speed rail lines in California, AP reported. "We hope China is part of the bidding process, along with other countries around the world, so that we can build high speed rail as inexpensively as possible," he said. Schwarzenegger said he hoped that "creative financing" would make the development of high-speed rail possible in the state, which has a US$19 billion budget deficit. Earlier, the governor announced that California would bid to host the 2020 World Expo in Silicon Valley. "Shanghai demonstrated that when you host the World Expo, the world comes to you and I want the world to come to California," he said.