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Fast service at fast food restaurants, very frequent trains, buses and flights, financial transactions done in 10 seconds(also the fast change of prices in the financial markets), to deliever goods to many customers in a day, fast check out at supermarkets, fast clearance at border checkpoints......
If "fast paced" is defined as busiest, most bustling, urban congestion, virtually non stop, than the major cities in Asia are definitely more so than NYC. I've lived in NYC, Hong Kong, Taipei and have traveled extensively to other major cities in Asia and Europe. There're several reasons why major cities in Asia have more of the "bustling" feel to it. The key factor being the high level of population density. If we take the NY metro area, there're outlying suburban areas/boroughs outside of Manhattan. New Yorkers are more likely to go home after work or so. But in some of the major cities in Asia, it's much more denser with many living in tiny high rise apartments packed with the whole family. This creates more of an urban culture where people are more likely to eat out more in restaurants (some of the highest per-capita concentrations of restaurants and bars in the world) or engage in other activities in the city.