With Chinese economic new normal, local governments' competition for high speed rail construction becomes increasingly fiercer. However, in the opinion of ANBOUND research team, high speed rail is actually a "double-edged sword". Although it can bring various kinds of resources, it can also take away a lot of resources. Thus, local governments need to think about how to attract elements when high speed rail is available. Development with characteristics is the most important factor for both urbanization and local economy since it is the key to attract resources and elements.