(Image Source: The Infrastructurist)


BY JESSICA FLY

ANCHOR JENNIFER MECKLES

 

You're watching multisource tech news analysis from Newsy.

 

With much ado -- China is launching a bullet train that will journey 8,125 miles between Shanghai and Beijing in record time. And it’s estimated to carry 18 million passengers a year.

Al Jazeera has more.

“This is the latest addition to China’s high speed rail network, opening to the public on Thursday, it will link the country’s two most important cities, Beijing, the political capitol, to the North, and Shanghai, the commercial hub, to the South. Now joined in record time.  In under five hours, the journey competes favorably with the same route by air and is more than twice as fast as the existing route by rail.”

Tickets for the first ride sold out in a matter of minutes. Euronews reports on some consumer worries involved with the launch.

“But there have been complaints about the prestigious project’s high cost and accusations that it is a vanity project. It’s the latest portion of a network that the government plans will stretch 45,000 kilometers by the end of 2015. But analysts say the heavily indebted Railways Ministry may have to cut back on those plans.”

The ministry is doing its best to pay those debts. Ticket prices have doubled -- causing consumer disappointment.

The Wall Street Journal reports - it could get even worse.

“China has poured, is said to have poured $300 billion into this high speed rail network across the country and there’s worries that the investment isn’t going to pay off that the loans used to pay for the project aren’t going to perform and also that some of the engineering for the project wasn’t done right. The head of one of the top railway officials was sacked recently - accused of embezzlement.”

The train was supposed to run at 380 kilometers an hour -- about 237 miles an hour -- hence its name -- CRH380.  But The Financial Times reports -- for safety reasons it is running between 300 and 350 kilometers an hour.

“But a Japanese executive familiar with high-speed rail projects says Chinese high-speed lines show impressive smoothness of ride – a sign of engineering quality... Still, the most important signal that safety is being taken seriously is the willingness of ... the new Chinese rail minister, to cut operating speeds.”

Built in 39 months -- worries abound about the safety of the train.  If a glass of water means anything -- it can sit on a table top and barely move while the train flies from Beijing to Shanghai.

 

'Like' Newsy on Facebook for updates in your news feed

Get more multisource video news analysis from Newsy

Transcript by Newsy

Tech News: China Bullet Train

China Launches Bullet Train

July 1, 2011
(2:29)
A bullet train that will travel between Shanghai and Beijing in record time is set to launch.
   
TRANSCRIPT

To leave a comment, please log in with Facebook Connect or your Newsy account. Register here to create one.
MOST RECENT|MOST POPULAR|MOST COMMENTED|HIGHEST RATED

Private Spacecraft Docks with International Space Station
SpaceX successfully docked its Dragon capsule into the International Space Station.
(2:40)
May 25, 2012
Bankia Suspends Shares; Multibillion Euro Bailout in Future?
The Spanish bank halts trading of its shares in advance of a board meeting. Bankia is expected to request a major bailout from the government.
(2:10)
May 25, 2012
Top News Headlines: Police Find Mother of Kids Left in Shed
More headlines: FBI identifies man in Miami plane incident; Hurricane Bud headed toward Mexico; Wall Street analysts look at Facebook's flop.
(1:24)
May 25, 2012
Exonerated Former Football Star Asks for Second Chance
After Brian Banks' rape conviction from 2002 was dismissed, he's asking NFL coaches for a chance to prove himself on the field.
(1:20)
May 25, 2012
Ukrainian Lawmakers Brawl Over Language Bill
A Ukrainian Parliament session erupted into a boxing match over the proposal to make Russian the official language of the eastern region.
(1:13)
May 25, 2012
Average Salary for CEO: $9.6 Million
According to an analysis from The Associated Press, the average salary for the head of a public company was $9.6 million in 2011.
(2:28)
May 25, 2012
DNA Breakthrough Could Lead to Male Birth Control
Researchers at the University of Edinburgh have discovered a key gene essential to sperm development.
(1:48)
May 25, 2012
Egyptian Election Pacing Toward Secular-Religious Showdown
Muslim Brotherhood candidate Mohamed Morsi and former air force chief Ahmed Shafiq poised to face off in second round.
(2:02)
May 25, 2012
French President Makes Surprise Visit to Afghanistan
The new French president visited Afghanistan vowing to pull all French troops from the country by later this year.
(1:42)
May 25, 2012
Microsoft Holds Top Spot in Google Piracy Report
Google released an online piracy report which shows that Microsoft holds the top spot for URL removal requests.
(1:37)
May 25, 2012
Top News Headlines: SpaceX Nears Historic Hookup
More headlines: Hollande visits Afghanistan; Bankia shares suspended; Suspected suicide bomb kills two in Turkey.
(1:29)
May 25, 2012
Iran Talks End in Stalemate
Lack of decisive resolution to nuclear negotiation prompts diplomats to postpone Baghdad talks.
(1:23)
May 25, 2012
New Orleans to be Largest City Without Daily Newspaper
The 175-year-old New Orleans Times-Picayune will cut back production, cut staff and focus on digital.
(1:59)
May 25, 2012
Mortgage Rates Hit Record Low
The average rate for a 30-year fixed loan fell to 3.78 percent. That's four straight weeks of lows.
(1:46)
May 25, 2012

Newsy

www3
...