July 12, 2010
Want High Speed Rail? China’s Got It
Fortunately for the U.S., China is ready and willing to share as it speeds ahead in its development of domestic high-speed rail. Even though China still imports HSR technology to manufacture trains, it has developed its own model that it has yet to commercialize. And now, ABC reports that China is not only planning to build out 16,000 miles of high speed track by 2020, it is aiming to bid for a piece of the $8 billion U.S. HSR pie.
"China is willing to share its mature and advanced technology with other countries to promote development of the world's high-speed railways," Wang [Zhigou] said."