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China's High-Speed Trains Coming Off the Rails

Hugh Pickens writes "The Washington Post reports that China's expanding network of ultramodern high-speed trains is coming under growing scrutiny over costs and because of concerns that builders ignored safety standards in the quest to build faster trains in record time as new leadership at the Railways Ministry announced that to enhance safety, the top speed of all trains was being decreased from about 218 mph to 186. Without elaborating, the ministry called the safety situation 'severe' and said it was launching safety checks along the entire network of tracks. Meanwhile China's Finance Ministry announced that the Railways Ministry continues to lose money as the ministry's debt stands at $276 billion, almost all borrowed from Chinese banks. 'In China, we will have a debt crisis — a high-speed rail debt crisis,' says Zhao Jian, a professor at Beijing Jiaotong University and longtime critic of high-speed rail who worries that the cost of the project might have created a hidden debt bomb that threatens China's banking system. 'I think it is more serious than your subprime mortgage crisis. You can always leave a house or use it. The rail system is there. It's a burden. You must operate the rail system, and when you operate it, the cost is very high.'"

2 of 347 comments (clear)

  1. Yes, safety standards. by siddesu · · Score: 5, Insightful

    There exist not only standards, but also products you can compare your solution against. For example, the Shinkansen has a safety record that is hard to believe -- no dead, only a few hurt, and only one derailment during a rather strong earthquake. There is a reason it has taken all countries with successful high-speed train networks years and huge investment to get where there are. Engineering isn't simple, and problems aren't readily solved by party directives.

    I, for one, have made the point about safety biting the Chinese fast train in the ass just after they start the service many times. I think it is a very good thing that they are reacting the good way -- by slowing the rail, and looking into the trouble, instead of, you know, just running the trains at full speed and collecting the bodies.

  2. Those who steal rarely do it right by Shivetya · · Score: 5, Insightful

    Look at Chinese cars. Very much clones of Honda and other Japanese brands yet youtube is replete with them failing European crash tests, some spectacularly. Very much a product of a society where all the appearances are there but the substance is not. Why? Most likely because for the most part there is little chance the blame will land on those who are mostly responsible.

    Poor steel quality, copying only to the point of necessity, and an uninspired workforce, will all catch up to China soon.

    Like North Korea, the real money and quality is only ensured when it comes to the military.

    --
    * Winners compare their achievements to their goals, losers compare theirs to that of others.