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

'Judgment day' fears for high-speed rail tracks - South Chinese Morning Post

Are China’s high-speed trains heading off the rails? - 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.