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Saturday, April 23, 2011

China's Train Wreck?

I hope this is not right, and China has built a good high speed train network.

It seems that China's High Speed Network is:
  • Built with inferrior materials that may cause safety issues soon
  • High Cost to run each year
  • $276 Billion in debt (borrowed from Chinese banks)
  • Railroad minister charged with taking bribes
  • Lots of corruption with contractors
  • Accelerated building as an economic stimulus in 2008
China’s train wreck - Washington Post

I love Trains and one of my first memories is of my families HO Train set. We had a train board when I was growing up in the garage and when I am on vacation, its always nice to try out any local trains.

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