InfoAnda - Schwarzenegger checks out China's high-speed rail

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Moguls at Sun Valley weigh in on Diller's big Aereo win | | 13 July 2012
Iraq vote in fresh doubt as new bill faces veto | 24 November 2009
Pharmacist says he warned against drug for Smith | 21 October 2009

Internet Explorer will come with 'off' switch in Windows 7 | 7 March 2009

Forum Views () Forum Replies ()

Read more with google mobile : Schwarzenegger checks out China's high-speed rail

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Schwarzenegger checks out China's high-speed rail By ELAINE KURTENBACH,AP Business Writer - Sunday, September 12 Send IM Story Print SHANGHAI – Gov. Arnold Schwarzenegger is engaging in a little window-shopping of China's new high-speed train lines while peddling Californian exports and tourism in the world's second-largest economy. His own state budget $19 billion in the red, Schwarzenegger says he is hoping for some "creative financing" from Asia to help lower costs and get California's proposed high-speed rail lines up and running. Industry experts say cash-rich China may be best placed to help with funding, and less risk averse than others whose banks are still recovering from the financial crisis. That could prove a key competitive advantage as it goes head-to-head against better established high-speed rivals rail in Asia and Europe. "That is something very attractive about the Chinese which the Europeans will find very difficult to compete with," said Michael Clausecker, director general of Unife, the Association of the European Rail Industry. "Even in America, finance is a scarce resource. Rail investments need a lot of investment up front." China has invested huge prestige, and tens of billions of dollars, in its high-speed rail industry _ building on mostly European know-how acquired in joint ventures with Siemens AG, Alstom SA and to a lesser extent Japan's "Shinkansen" bullet train operators. It is gearing up to fight for a chunk of what Unife estimates to be a 122 billion euros ($155 billion)-a-year global market for railways. Schwarzenegger posed for photos Sunday on a high-speed train in Shanghai, after spending Saturday, the first day of his weeklong trade mission of nearly 100 business leaders, hobnobbing in Hangzhou with Jack Ma, founder of Internet trading behemoth Alibaba.com, and other Chinese entrepreneurs. "Today what I have seen is very, very impressive. We hope China is part of the bidding process, along with other countries around the world, so that we can build high speed rail as inexpensively as possible," he told reporters. He also announced a plan for Silicon Valley to bid for the 2020 World Expo, which would be California's first time to host the event since 1940. The governor will also check out high-speed rail in Japan and South Korea _ two others among at least seven countries that have officially shown interest in helping develop California's system _ assuming the state can find the money. "There is great potential over there and in Japan and Korea, when it comes to building our high-speed rail and also providing the money for building the high-speed rail," Schwarzenegger told reporters before leaving California. The fact-finding mission is also aimed at better understanding the technologies on offer. "He will learn a lot from that," said T.C. Kao, director of the Railway Technology Research Center at National Taiwan University, who has introduced many U.S. delegations to the technology. "They get the impression, 'We need it.' They feel behind," he said. "You have to experience it to understand." The U.S. is the world leader in freight railway technology but has almost no high-speed rail expertise. It will have to import the technology for the 13 regional projects that have won $8.5 billion in initial federal funding, with $2.5 billion more to come this year and hundreds of billions needed before lines are up and running. China already has the world's longest high-speed rail network, about 4,300 miles (6,920 kilometers) of routes, including nearly 1,250 miles (2,000 kilometers) that can run at top speeds of 220 miles per hour (350 kph). It aims to develop 9,900 miles (16,000 kilometers) of such routes by 2020. All of that construction involves "highly sophisticated work on infrastructure, on rails and design of track structure," says Chris Barkan, director of the Railroad Engineering Program at the University of Illinois at Urbana-Champagne, who recently toured facilities in China, Japan, South Korea and Taiwan. A visit to a mammoth manufacturing plant in the eastern city of Qingdao "absolutely blew me away," he says. Having already build up a huge capacity for manufacturing trains and the systems to serve them, China is looking for a chance to prove it has the wherewithall to export the most advanced technology. "China now owns the most advanced high-speed rail technology and winning contracts in the U.S. would surely help it to sell more to other countries," said He Xin, an industry analyst at Donghai Securities in Beijing. Other industry experts say it is difficult to know just how much China has achieved on its own. Both European and Japanese industry officials have expressed skepticism. But Chinese officials insist the technology they plan to export is truly their own. They also have hired American lawyers to check for potential intellectual property problems, says T.C. Kao, director of the Railway Technology Research Center at National Taiwan University. "China is probably pretty sure it can pass the test on IP," says Kao, former vice president of Taiwan's high speed rail company. "China has copied, yes, but it has improved on the technology. Many things have been altered." Kao and other experts say that as newcomers, the Chinese would face logistical and regulatory challenges in entering a brand new market, compared with companies like Siemens, Alstom SA and Canada's Bombadier Inc. which already have train factories in the U.S. But China's experience in gradually raising the speeds of its train systems and then adding high-speed rail, sometimes on dual-use tracks, may give it an edge in designing systems suitable for the U.S., which in most areas plans a similar incremental approach. South Korea's KTX high-speed rail, which is based on France's TGV technology, shares the same advantage, said Kim Seok-gi, director of the international railroad division at South Korea's Ministry of Land, Transport and Maritime Affairs. South Korea is "absolutely interested" in California's projects and meanwhile is preparing a bid for a high-speed rail project in Brazil linking Rio de Janiero, Sao Paulo and Campinas, he said. For Japan, which pioneered high-speed rail in 1964, billions in contracts would be a welcome boost to the faltering economy. But its bullet trains, despite their impeccable record for safety and efficiency, run on dedicated tracks. California and other states will eventually have to adapt whatever systems they choose to local conditions, and step up training of engineers and other personnel needed to build and run those trains by "orders of magnitude," said Barkan from the European rail industry group. "We're not going to be able to pick up train technology from elsewhere, drop it down in the United States and expect it to work perfectly," he said. "The question is where is the intellectual talent to build all these systems?" ___ AP Business Writer Kelly Olsen in Seoul and researcher Ji Chen in Shanghai contributed to this report. Recommend Send IM Story Print Related Articles Australia's NAB mulls 'all options' on AXA AFP - 18 minutes ago Sweeping Taiwan, China trade pact takes effect AFP - 44 minutes ago Komatsu to begin dump truck output in Russia-Nikkei Reuters - 47 minutes ago Taiwan turns plastic junk to 'green' gold AFP - 1 hour 8 minutes ago Pirates attack Japan ship, no crew injured-media Reuters - Sunday, September 12 News Search Top Stories Barclays chief hits back at 'casino banker' critics Doomsday warnings of US apocalypse gain ground Kim Clijsters defends US Open title Champion Klitschko knocks out Peter Dueling protests over New York mosque near Ground Zero More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended US pastor puts Koran-burning on hold Ceremonies in NY, Washington mark 9/11 anniversary Vitamin B 'could delay Alzheimer's onset' Recession has left huge hole: Obama Superbugs top focus of leading microbiology meet More Most Viewed » Climate: New study slashes estimate of icecap loss Earth's upper atmosphere shrinking, scientists say Tiger's ex breaks her silence on sex scandal US pastor puts Koran-burning on hold Japanese rider Tomizawa dies in San Marino Moto2 GP More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Sunday, 12 September 2010
Iraq to pay for U.S. abuse claims vs Saddam regime
Greek PM offers some tax relief, but no handouts |
Karzai marks 9-11 with appeal over civilian deaths
Karzai marks 9-11 saying don't kill civilians
Ceremonies in NY, Washington mark 9/11 anniversary
Iranian diplomat resigns in Finland |
Up to 10 killed in Iran pipeline blast: report |
Brazil says U.S. spat signals tough security reform |
Denmark raises terror preparedness after hotel blast |
Car loaded with explosives disabled in Mexico |
Europe still divided on China arms embargo
Eid protests hit Indian Kashmir
Coppola wins Venice filmfest's Golden Lion for 'Somewhere'
Sofia Coppola's film on celebrity wins in Venice
Helen Mirren stars in film of "Tempest" with twist
Historian Irving says Auschwitz is like 'Disney'
Russia fires official over 'push-up humiliation'
India says US protectionism is regressive
Taiwan says China trade pact to take effect Sunday
Sofia Coppola's film on celebrity wins in Venice |
Firth stammers to success in The King's Speech |
De Niro and Norton down for acting rematch in Stone |
Afghan president condemns 'international terrorism'
Iran ready to free detained American woman on bail |
9,000 demonstrate for Catalonia's independence: report
Dance like Michael Jackson in new video game
China's top diplomat steps up pressure on Japan |
Turkey holds referendum on constitutional changes
Barclays chief hits back at 'casino banker' critics
BAE Systems to sell some US assets: report
Denmark raises terror preparedness after hotel blast |
Doomsday warnings of US apocalypse gain ground
7,500 Germans rally for greater data privacy
In power to 120 years old: Putin, Berlusconi joke at summit
Row over UN inspectors in Iran to dominate IAEA meet
Kim Clijsters defends US Open title
NATO says 5 insurgents killed in Afghanistan
Turkey holds referendum on constitutional changes |
Champion Klitschko knocks out Peter
Corrected
Dueling protests over New York mosque near Ground Zero
Pirates attack Japan ship, no crew injured: report |
Karzai marks 9/11 with appeal over civilian deaths
Barca humbled by Hercules, Mourinho gets first win
Up to 10 killed in Iran pipeline blast
Malaysian PM urges way to resolve border dispute
Aussie ex-PM Rudd will not steal the show: Gillard
Coppola wins Venice filmfest's Golden Lion
Sebastien Ogier wins Rally of Japan
UK says needs global military force post-Afghan |
All Blacks achieve perfect 10 but flaws exposed
U.S. tensions over Koran spark isolated incidents on 9/11
China warns Japan to make 'wise' decision in boat row
US drone strike 'kills five militants' in Pakistan
Pirates attack Japan ship, no crew injured
Bulgaria border town opens arms to one-time foe
Logging spells danger for Europe's last primeval forest
Taiwan turns plastic junk to 'green' gold
China's top diplomat steps up pressure on Japan
Coppola wins Venice filmfest's Golden Lion
China summons Japanese ambassador again over boat
Schwarzenegger checks out China's high-speed rail
Trapped miners in Chile: a movie in the making
Market bomb defused in Myanmar: state media
Stammering king welcomed at Toronto film festival
Taiwan-China pact to reduce tariffs takes effect
'Trust' star urges kids to be wary of online predators
Lincoln assassination film opens in Toronto on 9/11 anniv
Top prize at Deauville film fest for 'Mother and Child'
Love on the net wins Egypt hearts in Ramadan soap
US-ENTERTAINMENT Summary
Firth stammers to success in The King's Speech |
French 'New Wave' film director Claude Chabrol dies
Italy's Roma wonder about 'legal' camps
Two Afghans killed as Koran protests simmer |
Netanyahu silent on Obama settlement freeze remarks |
Iran to release US detainee on $500,000 bail
Finesse needed on difficult Iran: Russia senator |
New Zealand authorities may extend quake emergency
Afghans protest against Koran burning for third day
Danish police play down report on newspaper threat |
Turks vote in divisive referendum
China investigates former football boss
Civilian casualties possible in Afghan strike: NATO |
Four killed in clashes in northern Iraq |
Clashes erupt in Indian Kashmir as hundreds defy curfew |
Relative: Spat began Ky. rampage that killed 6
$4.2M Venture To Speed Auto Battery Sales Launched By GM and Itochu Technology
Landlord Faces $84K Penalty For Lead Paint Warning
Police Stop Truck Near Controversial Pastor's FL. Church; Loaded Shutgun Found
Bin Laden Deep Underground But Terror Network Expanding, Says Obama
Schwarzenegger says California to bid for Expo 2020
Brooklyn Mom Stabs Husband After Finding Porn DVD
Attacking Shark Punched by Surfer, Photo Taken
Sweeping Taiwan, China trade pact takes effect
Obama Declares U.S. Not At War With Islam, Urges Tolerance
French New Wave film director Chabrol dies aged 80
9/11 Anniversary Marred By Public Debates
East Germany 'closing' economic gap with west
Florida’s Horizon Bank Shuts Down, Ozarks Bank Takes Over
Favoritism charges follow Tarantino Venice awards
UK top tax man's apology to 1.4 mln people
S.Africa band barred from Zimbabwe over Mugabe video
French New Wave film director Chabrol dies aged 80 |
Favoritism charges follow Tarantino Venice awards |
England cricket bosses to crack down on tweeters
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01