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Forum Post: Economic benefits of high speed rail in China

Posted 1 year ago on Dec. 28, 2012, 6:03 p.m. EST by arturo (3169) from Shanghai, Shanghai
This content is user submitted and not an official statement

Shouldn't we be doing something like this in the US? The first step is passing Glass Steagall, to get all the phony money out of Wall Street, and then, establishing a national bank, as an alternative to Wall Street, to finance economic development projects, such as the following.

"The world’s longest high-speed rail route was inaugurated on Wednesday, as the first bullet train linking China's capital with Guangzhou, left Beijing on Wednesday morning. The distance of 2,298 km is equivalent to a trip from Washington, DC, to Houston, Texas. The travel time of 22-hours on the existing lines will now be reduced to about 8 hours.

By contrast, U.S. Amtrak trains travelling from New York to Miami, a shorter distance, still take nearly 30 hours.

China's high-speed rail network was only established in 2007; by 2010 it covered 8,358 km; by 2020 it is expected to cover 16,000 km.

{Russia Today} had reported on it’s successful test on December 23, with 100 reporters on board. During the test, the train went over 300 km/hour (185 mph); it's designed to hit speeds of 350 km/hour (217 mph).

China sees that infrastructure development, such as with high-speed rail, brings widespread general economic growth. The {China Daily} reported on the wider implications of the commercial opening of the high-speed rail line between Beijing, in the north of China, and Guangzhou (Canton), in the south.

China Daily outlined some of huge economic'' benefits the new line is expected to bring to towns and cities along its route, creating what officials are calling world-classcity clusters'' across Central China. There will be 35 stops along the newly completed route, including major cities such Shijiazhuang, Zhengzhou, Wuhan, and Changsha, and the route will cut through areas with a combined population of 300 million to 400 million.

``Opening the route will not only bring these cities closer, but will generate business for many different supporting facilities, promoting change in their growth patterns for years to come,'' said Wang Mengshu, an academic at the Chinese Academy of Engineering. He said GDP growth in many of those areas had been independent of each other in the past, and relied mainly on real estate development and automobile sales, both of which had been run inefficiently while devouring resources. Better access to fast railway links will now mean improved cargo transportation between factories in various cities, leading to greater expansion of support facilities, Wang said.

Better access to fast railway links will now mean improved cargo transportation between factories in various cities, leading to greater expansion of support facilities, Wang said. ``Railways will indeed become a way to increase prosperity for so many industries,'' he added. Wang calculates that a 600-billion-yuan ($96 billion) annual investment in railway construction could generate 3,000 kilometers of railway a year, which in turn could raise the country's annual GDP growth by 1.5 percentage points, and create more than 6 million jobs.

Apart from increasing the flow of people into the cities, the railway will also greatly increase freight traffic, he added. Although the line is largely being seen as a passenger line, Wu Ruliang, director of the Logistics Association of Hubei Province, said that his industry will benefit greatly from the high-speed link, and that he expects the cost of express delivery to drop by at least 50 percent as a result of its opening. Officials from the Ministry of Railways have said the new route will release cargo transport capacity on the old line between Beijing and Wuhan by 20 million tons a year. China's high-speed passenger system is separate from its bulk cargo railroad network. While the growing high-speed system does not directly increase cargo speeds (except for high-value ``express'' packages), it not only removes the passenger traffic from the ordinary routes but permits greater efficiencies for the now all-cargo, single mode network.

Xiao Jincheng, the director of the Land Development and Regional Economy Research Institute, gave an example of the ``city cluster'' effect, using the city of Shijiazhuang, which will be brought much closer to the economic region dominated by Beijing as a result of the new link. It will now be just an hour away from the capital.

Shijiazhuang will be one of many locations along the route to benefit from the development of what officials are calling ``city clusters.'' One of the largest will be created along the Beijing-Wuhan section -- the Central Plain area which ties in the city of Wuhan with Changsha, Zhuzhou, and Xiangtan. Analysts believe the area could become as economically important as the Pearl River Delta (Guangzhou), Yangtze River Delta (Shanghai), and Bohai Economic Rim (Beijing).

Xiao said conditions are perfect for many cities in the central regions to grow into truly world-class city clusters, but that the satellite cities surrounding Wuhan and Zhengzhou also need to keep pace. Wuhan, in particular, will be fashioned into a hub for the country's high-speed passenger transport network, given its location right in the heart of the network. His expectations echoed the development plan for the central regions, published by the State Council, which aims to build Wuhan and Zhengzhou into national transport hubs. ``The central region city cluster may turn into a new growth engine for China,'' Yang said."

25 Comments

25 Comments


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[-] 1 points by OTP (-203) from Tampa, FL 1 year ago

Wall St is stealing 85billion a month from the people, in broad daylight. No one is even whispering about it.

Welcome to the downgrade.

[-] 1 points by ProblemSolver (79) 1 year ago

Why does every one want speed !

8hrs is still a long time .. can we do it in ..35 mins ?

[-] 1 points by arturo (3169) from Shanghai, Shanghai 1 year ago

There are plans for underground vacuum sealed railways using magnetic levitation that would be very fast. For example, a route planned between New York and LA would make the trip in one hour.

[-] 1 points by FawkesNews (1290) 1 year ago

A most incredible idea. Wow.

http://en.wikipedia.org/wiki/Vacuum_tube_train

[-] 1 points by arturo (3169) from Shanghai, Shanghai 1 year ago

Thanks for the link.

[-] 1 points by FawkesNews (1290) 1 year ago

Thanks for the insight.

[-] 1 points by ProblemSolver (79) 1 year ago

..Now that's FAST !!!

New York to LA in one hour !

[-] 1 points by arturo (3169) from Shanghai, Shanghai 1 year ago

Start spreading the news, I'm leaving today...

[-] 1 points by ProblemSolver (79) 1 year ago

New York, New York :-]

[-] 1 points by DKAtoday (28497) from Coon Rapids, MN 1 year ago

YAY - I also saw on the PBS news hour how the Chinese are ramping up another round of internet censorship - Y......... eh wait a sec - that's not good - is it!!!

[-] 1 points by arturo (3169) from Shanghai, Shanghai 1 year ago

Some of it is probably not good, but some of it is intended to keep such ideas as those which lead to the decline of the US out of China.

[-] 1 points by DKAtoday (28497) from Coon Rapids, MN 1 year ago

Thought police?

USA problem is one more of greed let run rampant by the population.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 1 year ago

The US population was subjected to a barrage of media propaganda intended to corrupt and stupefy us over the past fifty years, allowing the globalists to suck our economy dry.

Perhaps we would have been better off with more effective policing of our media to protect us from such an onslaught.

[-] 1 points by DKAtoday (28497) from Coon Rapids, MN 1 year ago

Government program - promoted and funded by TPTB.

Good thing we have free speech - Hey? Even if it is not on MSM.

[-] 1 points by FawkesNews (1290) 1 year ago

High end infrastructure.

[-] 0 points by Coyote88 (-24) 1 year ago

China is now the biggest car market in the world. That is going to change everything.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 1 year ago

There are actually some policies intended to cut back on car ownership here, and to encourage use of public transportation.

[-] 0 points by Coyote88 (-24) 1 year ago

Tell that to the government. And GM. And Volkswagen. And Ford. And Mercedes.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 1 year ago

Those companies should turn their machine tool capacity towards manufacturing high grade public transportation, and other infrastructural goods both for the US and third world markets.

The goods get built on credit, through the establishment of a national bank, and one installed in the respective economies, they generate revenue to repay the credit.

[-] 0 points by Coyote88 (-24) 1 year ago

Should,would,could,communist utopia, useful idiots, blah blah... Won't happen. Now in the real world....?

[-] 2 points by arturo (3169) from Shanghai, Shanghai 1 year ago

The only way that progress ever happens is by people imagining that which does not exist and doing the work necessary to bring it into existence. Nothing communist about that, in fact its pure capitalism.

Useful idiocy is allowing oneself to be brainwashed, by those who would hold us down, into believing that progress cannot happen.

[-] 1 points by DKAtoday (28497) from Coon Rapids, MN 1 year ago

Yeah - now if only the population had a living wage income and jobs.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 1 year ago

Development of fast rail systems will help to distribute wealth throughout China. The Chinese plan is to gradually diminish low paid sweat shop labor in favor of high skilled, high tech, well paid jobs.

Both the US and China could have more jobs, if the US were to return to FDR's original plan to export infrastructural goods to China, and other third world nations, on credit.

Once the goods would be installed in their destination countries, they would "produce wealth", allowing the US credit to be repaid, creating jobs for American workers, while also generating revenue for the host country.

In this way, a world of first world nations would be created.

[-] 1 points by DKAtoday (28497) from Coon Rapids, MN 1 year ago

Betcha it moves soldiers real fast as well - Hey?

[-] 1 points by arturo (3169) from Shanghai, Shanghai 1 year ago

Sure does. That was the one of the original reasons for the US development of its rail system under Lincoln during the civil war.