Sun, Feb 26, 2012, 7:50 AM EST - U.S. Markets closed

China tests 500 km/h super high-speed train

RELATED QUOTES

SymbolPriceChange
601766.SS4.99+0.14
1766.HK6.10+0.30

BEIJING (Reuters) - China launched a super-rapid test train over the weekend which is capable of travelling 500 kilometers per hour, state media said on Monday, as the country moves ahead with its railway ambitions despite serious problems on its high-speed network.

The train, made by a subsidiary of CSR Corp Ltd, China's largest train maker, is designed to resemble an ancient Chinese sword, the official Xinhua news agency reported.

It "will provide useful reference for current high-speed railway operations," it quoted train expert Shen Zhiyun as saying.

But future Chinese trains will not necessarily run at such high speeds, CSR chairman Zhao Xiaogang told the Beijing Morning News.

"We aims to ensure the safety of trains operation," he said.

China's railway industry has had a tough year, highlighted by a collision between two high-speed trains in July which killed at least 40 people. Construction of new high-speed trains in China has since been a near halt.

In February, the railways minister, Liu Zhijun, a key figure behind the boom in the sector, was dismissed over corruption charges that have not yet been tried in court.

(Reporting by Sabrina Mao and Ben Blanchard; Editing by Yoko Nishikawa)

 
  • MuMar  •  Chicago, Illinois  •  2 months ago
    9 out of 10 politicians in China have an engineering degree.
    96 out of 100 of our politicians are lawyers.
    Result?
    China manufacture EVERYTHING, here we manufacture sh..t
    theft, extortion fake wealth and imbecile politicians.
  • doc  •  2 months ago
    Back when the Interstate highway system was being planned, there were proposals to put high quality rail tracks in the center divider. The reasoning being the Government was acquiring the land anyway, might as well have provision for railway tracks also. The Automakers and Airlines plowed massive numbers of dollars into squelching the rail idea, The main reason we don't have high speed rail in the USA, a country that would be perfect for high speed rail is opposition from automakers and airlines, Needless to say the opposition took the form of political contributions,
  • B  •  New York, New York  •  2 months ago
    if we can't afford to maintain our roads, how will we be able to maintain the tracks that they currently proposing.
  • phorensicguy  •  Winnipeg, Canada  •  2 months ago
    China used $7 billion of cash from their nest egg and added roughly 423 miles of track on the newly comissioned Beijing-Shanghai high speed rail corridor. This investment resulted in a state of the art line with a greater distance than that between Washington DC and New York City. There were tens of thousands of construction jobs created and the Chinese high speed trainset producer was provided with enough work to add about 2000 high end engineering jobs plus many thousands of equipment production jobs. To that, we add the economic multiplier spin offs on that employment. The project is clearly a capital investment that makes abundant economic sense over the long term.

    Interestingly, the US government has also taken $7 billion of taxpayer funds since 2009 for high speed rail. That money went for a couple of environmental impact studies which were not released to the public and a few hearings. Almost all of the remaining money was used to pay fees to consultants and lawyers. Not a single new job was created, not one mile of trackage was built and no rolling stock orders have been placed. As the US government operates in a deficit, that $7 billion of wasted capital was borrowed directly.from the Chinese. All that America has to show for its high speed initiative is a loss of $7 billion and a permanent outflow of $140 million per year in interest directly to China.
  • X RIDER  •  2 months ago
    311 mph
  • bob308  •  2 months ago
    What were we thinking allowing communist China to make the new San Francisco-Oakland Bay Bridge? The original was made during the depression when jobs were short. Well jobs are short again!
  • LL  •  2 months ago
    I love the speed of these train but isn't it a big dangerous since at 500mph, if the train derails that would mean instant disintegration.. Can anyone survive that? and won't all the bones in our body be smashed into pieces on the inside..
  • chickendog  •  Ocala, Florida  •  2 months ago
    Meanwhile, back at the ranch, our bridges, roads, and schools are falling apart and we are sending them foreign aid and interest on what they have loaned US.

    Now reports are that we will send Nkorea aid for more fish?

    Something real bad wrong here!

    GITMO!
  • No Mas Libs  •  2 months ago
    The Chinese want to lay track, they take the land and surrounding area. In the US, there are countless environmental studies, lawsuits, lawyers suing everybody, and unions, that is democracy.
  • Road Warrior  •  2 months ago
    By insulting, deriding, belittling the progress and goals of others, you show envy, weakness, fear and pessimism. Others have learned from us but we have historically assumed a position of arrogance and superiority, 'everybody wants to be like us'. This was never the case and those who traveled and read and converse in other languages knew this. We are a can do nation. We must embrace and see the "Sputnik Moment" this president has spoken about. It is a challenge. Science is cool, Math rocks, foreign languages are deep and knowledge is power. See the new heroes and no, it isn't Charlee Sheen. We've done it before and we'll do it again. ... Peace.
  • Al  •  2 months ago
    China, please stop financing our gov'ts debt so that we will be forced to get our act together.
  • J C  •  Miami, Florida  •  2 months ago
    Politicians are destroying the USA. After we put men on the moon everything seems to have gone downward.
  • KS  •  Culpeper, Virginia  •  2 months ago
    The U.S. is not only behind China in high speed train travel, we have also been behind Japan and Europe, where there are also high speed trains, for decades. How is it we claim to be the most technologically advanced and modern nation in the world? Just because we were the first to develop a nuclear weapon? Though we were the first to land on the moon, we were also not the first ones in space, as the Russians beat us to that.
  • Sam  •  2 months ago
    China zooms ahead while the U.S. swoons. Blame the politicians for shooting down all initiatives, including a high speed railway. R&D innovation and implementation have soared elsewhere and stagnated in the U.S.
  • Brocoli  •  Guangzhou, China  •  2 months ago
    As an American living in China for 15 years, I occasionally use the high speed rail between Shenzhen and Guang Zhou. It is a comfortable and efficient ride, but by NO means serves the masses. This new "sword train" is designed as a showcase to the world in order to lure more investments. Nothing more.
  • Anonymous  •  Surfside, California  •  2 months ago
    In 2011 the USA spent 60% of the budget ($2.171 trillion) on Welfare, Health Care, and Pensions. We spent 25% ($964 billion) on defense, and 5.4% ($207 billion) on interest payments on the debt. Total expenditures were about $3.819 trillion.

    The president and Congress can't find room for cuts and more efficient spending? We have the money for whatever we want to do with it, but that starts with who we send to Washington. Otherwise we are just having temper tantrums on chat rooms and running up the cost of jhealth care by raising our blood pressure.

    So I am gone from chat rooms, and going to spend the time writing to congress, the white house, the Repub and Demo central committees, and researching for a candidate from ANY party that looks like they will do the job we pay them to do.
  • Noah H  •  2 months ago
    Meanwhile here in the States we have busted up highways, flying cattle cars and close to zero railroads. They have a thriving solar and wind industry and we have more of those 'high-tech' coal burners. Barack says, "Lets have a Jobs Program and build a solar and wind industry AND a high speed freight and passenger rail system." The GOP/Tea/Fox/Jesus freak party says, "No can do!" So in the end we'll be buying our solar and wind equipment and just about everything else from COMMUNIST China. It makes me want to hurl!
  • tex  •  2 months ago
    This launch test came shortly after announcements that the country will be scaling back on rail construction spending. Because of this decision and continued concerns surrounding the fatal high-speed collision earlier this year, CSR’s new bullet train will not actually begin service any time soon.
  • DAVID  •  Miami, Florida  •  2 months ago
    We invented long distance rail travel.And now we have the worst rail system of any industrialized nation.Congress refuses to invest in rail travel.
  • bob308  •  2 months ago
    And we will have another $300 billion dollar a year trade defict with communist China while the turncoat US multinationals there make billions!
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Trading Center

Yahoo! Finance on Facebook

  YAHOO! FINANCE ON TWITTER