jun 13th, 2011 CE
china has sharply reduced the prices on its soon to be inaugurated peking-shanghai bullet train, and also scaled down its speed from 350 km/hour to 250 km/h. there is a plan to spend $300 billion on bullet trains by 2020 (i am sure UPA is paying attention to this juicy little investment that leaves the 2G loot in the dust. i am awaiting, any day, the announcement of the mumbai-delhi bullet train at $200 billion.)
the existing bullet trains are plagued by poor ridership and allegations of poor safety regulations and massive corruption, as well as unviability of operations, given the debt/asset ratio is already 57%.
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