Japan loses Indonesian high-speed railway contract to China | The Japan Times

English: Japanese Prime Minister Shinzo Abe at...

English: Japanese Prime Minister Shinzo Abe at the G8 summit in Heiligendamm. (Photo credit: Wikipedia)

According to this important story from the Japan Times, Japan has lost to China in bidding to build Indonesia‘s first high-speed railway. The article reports that it is seen as a heavy blow to Prime Minister Shinzo Abe.

Source: Japan loses Indonesian high-speed railway contract to China | The Japan Times

I wonder if we are we beginning to see China’s industry eclipsing established leaders in Japan and the West? Perhaps GE should start worrying?

Thoughts?