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Last week, police arrested Bai Zhiming and 31 employees of his online lending platform. The explorer decides to move directly forward, indicating the direction taken (necessarily south) by leaving an arrow attached to a post planted in the ground. The Qinhuangdao municipal government denied it had endorsed the project, and last month began dismantling the test site. (I) N otion of parallel transport Suppose that a Chinese explorer who lived three millennia ago (according to legend) is located at the North Pole. Suspicions mounted as the official rollout of the elevated bus system was repeatedly delayed. The scheme was to be funded by wealth management products sold by Bai's online lending platform.Ĭhina's government is trying to curb such schemes, which often prey on consumers with few attractive investment options - and who, when they lose their savings, often take to the streets in protest. State media reported that investors pumped more than half a billion dollars into the project, after being promised returns of 12 percent. In a video interview last year, Bai Zhiming, the entrepreneur who bought the patents for the elevated bus, boasted to the People's Daily that the Beijing municipal government had expressed interest in the project. A model of the bus attracted attention at an international high-tech expo in Beijing last year.
![parallels transport parallels transport](https://www.landw.uni-halle.de/im/1571996087_1027_0.gif)
Yet the project continued to pick up speed. How, they asked, would the straight vehicle handle curved streets? How would it turn corners or avoid pedestrian overpasses and tall trucks? And how would cars driving underneath the bus be able to see road signs or switch lanes without causing accidents? Time magazine hailed it as one of "The 50 Best Inventions of 2010." Last August, a prototype actually made test runs on the streets of the northern port city of Qinhuangdao.īut experts raised doubts about the feasibility of the idea from the very start.
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The electric contraption would just whisk its cabin full of 300 or so passengers right over it.įollowing the project's unveiling in 2010, the vehicle's designer told the official People's Daily newspaper that five Chinese cities had signed contracts to establish pilot projects using the buses. Parallels Transporter for App Store is all new Parallels Transporter allows you to copy documents, pictures, music, videos, downloads, and Internet bookmarks from a Windows computer to your Mac. That became clear last week when police arrested the people behind the project on suspicion of fraud.ĭubbed the Transit Elevated Bus, the vehicle looks a bit like a catamaran on rails or a bus that straddles two lanes of traffic. In China, a futuristic new kind of urban transport that its promoters claimed would beat traffic jams appears to have gone off the rails.
![parallels transport parallels transport](https://static.filehorse.com/screenshots-mac/desktop-enhancements/euro-truck-simulator-2-screenshot-03.png)
The municipal government denied it had endorsed the project, and last month began dismantling the test site. Qinhuangdao's elevated bus, seen last month in this photo, will not move forward.