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China Debuts the World's Fastest Train
An anonymous reader writes "China unveiled their new high speed train that clocks in at an average of 217 mph. China's new rail service travels through 20 cities along its route, connecting central China and less developed regions to the larger and more industrial Pearl River Delhi. Seimens, Bombardier and Alstom worked together to design and build this feat of modern transportation, which topped out at a whopping 245mph (394km/h) during trial runs earlier in December."
It seems to me that when China has some of the best developed infrastructure in the world, it really can't be considered a developing country any more. It is developed. Sure, maybe not all areas of China are fully developed, but you could state the same thing about any country, including the US.
If trains can travel that fast safely. Then it seems we could cut down air traffic considerably. NYC to Atalanta is only about 800 miles, if I could get there by train in four hours, a airplane would offer no time advantage.
If the difference in fuel efficiency is considerable, then maybe the US should consider building something like that?
Everytime I read something like this I ask myself, "Why not in the US."
It has come up many, many times before but each time the airline lobbies kill it dead. Its really amazing just how powerful this collection of interests has proved to be over time. Generally speaking, they almost always get everything they want.
The general rule of thumb is, if the airline lobbies want something, its almost a sure thing to be bad for you, me, and Joe consumer.
The reason is because China has MORE trade barriers than back in 1995, AND have their money tied to the dollar. Per the agreement with Clinton to get Permanent MFN AND to get into WTO, they were to drop their trade barriers to reasonable levels (something like 5% tariffs) and was to free their money. Instead, they declared that it was in a basket to be managed against multiple moneys. Right now, the Yuan/RMB trades at 7 to a dollar. A number of economists have said that if China frees their money, then the Yuan/RMB will trade at 2 to 1 or possibly even 1 to 1. That means that goods coming from CHina are currently 1/3 to 1/7 of the real price. In fact, if you check the news, you will see that China is fighting against doing what they are LEGALLY required to do. HOPEFULLY, WTO gets into this and says enough is enough. But the west needs to do the right thing and say enough.
To make matters worse, China has a MAJOR bubble forming. One that will make America's real estate bubble look positively MINOR. It will even make Japan's real estate bubble look minor (which was bigger than America's, but their economy was small enough and float freely that they did not take out the global economy). If it goes AND they keep their money tied to the dollar, it will bring us ALL LOWER THAN 1930's depression.
So, while the companies, esp. American companies, deserve their fair share of blame for this, the majority lies with China.
I prefer the "u" in honour as it seems to be missing these days.
The most likely prospect for a bullet train in the United States is the vaunted California high speed rail project. And even that is going to be a tough row to hoe.
Federal rail regulations being what they are, the only prospect for high speed rail is if the entire system is grade separated - that is, there are no at-grade crossings. Existing rights-of-way can be used, but every where out in the middle of Modesto or Coalinga where a gravel road crosses the tracks the road will either need to be cut or a bridge or tunnel built. Next, the route between Bakersfield and Los Angeles, as well as the route between Modesto and San Jose will need to be redone, because existing ROWs are not flat or straight enough for high speeds. Even existing ROWs elsewhere, such as the Caltrain ROW up the San Francisco Peninsula, may be inadequate. Caltrain runs enough trains up and down that the extra headway for high speed trains may make it necessary to quad-track that entire route - which may mean bulldozing houses and/or businesses along the line in some spots.
All of that is bad enough, but before you can even begin thinking about turning over dirt, you need not only to write EIRs, but then have them stand up to Luddite court challenges. And then, whatever land you wind up using for the new ROW needs to be acquired - meaning that whoever owns it now needs to be paid fair market value for it (see also, 5th amendment). The Chinese government has a big advantage here - If anyone actually asks about the environmental impact of a train route, they get reeducated.
All of this is mainly because we want high speed rail to go between places where there is demand. If you read TFA, this line is being constructed at least partially to create demand - that is, they are taking trips to nowhere in order for nowhere to wind up being a desirable destination. It's a bit like the transcontinental railroad was in the middle of the 19th century here. Nobody really wanted to go to any of the whistle stops between Sacramento and Chicago, but since the train went there, communities sprung up. But when the railroad was built, there was nothing there. Nowadays, building high speed rail from San Francisco to San Diego is a gigantic pain in the ass because the destinations are already filled in.
I work with a Chinese factory that is a leader in its niche.
We are seeing unusual trends in our primary raw material that makes up 50-80% of the manufacturing cost. Normally it is more expensive than on the worldwide market because of the high import tariffs in China intended to protect the local producers. However, since last summer the cost of the raw material has been less than the worldwide market. Demand in our niche has been constant for us since it's a staple product for many third-world and developing countries, and to a certain extent, first-world nations. The web page I use to check the prices, which I have been doing every day for the last four years, also shows prices on other raw materials and I have observed the trend to be the same. IMHO, this evidence is in contrast to any reports I've read about a bubble in China - the bubble is in the rest of the world. I think what is more likely to happen is China and OPEC will decide to start trading in some other currency, and the Chinese will instantly become more wealthy, and the U.S. more poor.
China's largest trade 'partner' is the EU, and the U.S. makes up less than 18% of its export business. China can manufacture most of everything it consumes, so increasing prices for the U.S. does not directly equate to increasing prices for the Chinese, and the reduction in trade with the U.S. would hurt the U.S. more than it would hurt China.
I once took an excursion to Reddit, and later HN. Unlimited up/down voting sucks when dealing with a hive-mind.