Tuesday, December 27, 2011

China developing futuristic bullet trains w/ latest round of stimulus spending

Did you know that there was stimulus spending in China this past year?

In response to the world-wide fiscal crisis of 2008, China spent 4 trillion yuan (about $632 billion) on stimulus, much like the United States, despite an annual growth rate at 10% or slightly below for 30 years running.  So what did the Chinese get with all this luxurious pork spending?  Bullet trains that connect the major cities of  Guangzhou and Shenzhen, and the now development of a new train that can travel at a blistering speed of 500 km/h (approximately 310 mph).  If this new bullet train, as shown on Pravda's website, proves to be as fast as reported, it would be the world's fastest commercial passenger train.
Information sources:  http://www.xinhuanet.com/english/, http://english.pravda.ru/

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