The devastating Wenzhou train crash has a mixed impact on the Chinese economy and industries associated with high-speed trains While China mourns the lives lost in the high-speed rail crash on July 23 near Wenzhou, the accident’s far-reaching implications for the economy are being increasingly felt. The devastating Wenzhou train crash has a mixed impact on the Chinese economy and industries associated with high-speed trains While China mourns the lives lost in the high-speed rail crash on July 23 near Wenzhou, the accident’s far-reaching implications for the economy are being increasingly felt.