InfoAnda - China recalls bullet trains in new blow to technology showcase |

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

S. Korea seeks military talks with N. Korea | 26 January 2011
Afghan officials say Taliban commander killed | 1 January 2011
Israel pours cold water on big-power talks with Iran | | 29 May 2012

Chevron taken to task in "Crude" documentary | 10 September 2009

Forum Views () Forum Replies ()

Read more with google mobile : China recalls bullet trains in new blow to technology showcase |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? World Video Politics Politics Home Front Row Washington Politics Video Technology Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland Felix Salmon Breakingviews George Chen Bernd Debusmann Gregg Easterbrook James Pethokoukis James Saft John Wasik Christopher Whalen Ian Bremmer Mohamed El-Erian Lawrence Summers The Great Debate Unstructured Finance Newsmaker MuniLand Money Money Home Analyst Research Global Investing MuniLand Reuters Money Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Left Field Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (0) Full Focus Editor's choice A selection of our top photos from the past 24 hours. Full Article Follow Reuters Facebook Twitter RSS YouTube Read Police: Dougherty sister admits firing at officer 11 Aug 2011 Verizon gets picket injunctions in 3 states, seeks more 11 Aug 2011 UPDATE 1-Obama vows new ideas to boost jobs, slams Congress 11 Aug 2011 Affair with president's wife shakes Vermont university 11 Aug 2011 Woman mauled by chimp shows new face in first photo | 11 Aug 2011 Discussed 184 U.S. loses AAA credit rating from S&P 173 Obama says he inherited economic problems 107 Stock index futures tumble on S&P downgrade Watched Japan's tsunami broke off a piece of Antarctica Wed, Aug 10 2011 Underwater volcano erupts off Oregon coast Wed, Aug 10 2011 The Explainer: What the debt downgrade really means Thu, Aug 11 2011 China recalls bullet trains in new blow to technology showcase Tweet Share this Email Print Related News Florida fugitive siblings caught in Colorado Wed, Aug 10 2011 China launches first aircraft carrier on maiden sea trial Wed, Aug 10 2011 China's Wen urges global action to calm markets Tue, Aug 9 2011 Special report: The "shorts" who popped a China bubble Fri, Aug 5 2011 UPDATE 5-China warns of choppy U.S. debt market after "madcap farce" Wed, Aug 3 2011 Analysis & Opinion Fed policy creates crunch moment for Chinese yuan Please â€” let’s not call these the ‘BlackBerry riots’ Related Topics World » China » A CRH380BL high-speed bullet train runs towards Beijing South Railway Station July 25, 2011. Credit: Reuters/Jason Lee By Fayen Wong and Chris Buckley SHANGHAI/BEIJING | Fri Aug 12, 2011 2:20am EDT SHANGHAI/BEIJING (Reuters) - China's second-biggest train maker will recall 54 bullet trains used on the new showcase Beijing-Shanghai line for safety reasons, the firm said on Friday, dealing a fresh blow to the nation's scandal-plagued rail system. The recall of the trains by China CNR Corp Ltd comes three weeks after 40 people were killed in a high-speed rail crash, which triggered public fury, unusually bold media coverage and a freeze on approvals for new railway projects. China's high-speed rail drive was until recently held up by senior government officials as a trophy of the nation's technological prowess. Now it has become a political albatross, drawing scorn from many citizens already frustrated with the hulking railways ministry. China's fast-growing microblog websites have served to amplify that public anger, and the recall drew more catcalls on Sina's popular Weibo site (weibo.com). "Wasn't this locomotive the most advanced type, and put into use only after many tests? So how come the problems were discovered after they were put into operation? What a miracle," wrote one Weibo user. "Can we also recall the Ministry of Railways?," asked another. Officials blamed July's crash first on a lightning strike and then on faulty signals technology. But on Friday, Chinese media quoted a senior investigator as saying the crash also exposed management failings and could have been avoided. "There were serious flaws in the system design that led to an equipment failure," said Luo Lin, the minister of China's State Administration of Work Safety, who is leading the probe. "At the same time, this exposed problems in emergency response and safety management after the failure occurred," the Beijing Times cited Luo as saying. "This was a major accident involving culpability that could have been totally avoided," he said. Industry analyst Lu Zhou said the recalls added to signs that China's high-speed railway boom faced bleak times. "The government is putting a sudden brake on China's high-speed railway story, and we must wait for the bad days to pass over," said Lu, an analyst with Everbright Securities in Shanghai who follows China's high-speed railway train makers. "A Great Leap Forward-style movement in China's high-speed railway is changing abruptly to a period of silence, and that could last a few years," he said. The Great Leap Forward was Mao Zedong's disastrous effort in the late 1950s to catapult China into communist prosperity. But China could not afford to curtail train investment in the longer-term, said Luo. "After all, China's railway system can't go back to the old days of shabby green cars," he said. RECALL COULD HIT STEEL, CEMENT DEMAND The recall and a recent decision to slow down bullet trains nonetheless reflected a rethink by government leaders jolted into considering the risks of high-speed rail growth, said Zhao Jian, an expert on rail at Beijing Jiaotong University who has long criticized the bullet train expansion. China has been working for years to develop a high-speed rail network to rival Japan's famed bullet trains, and last year investment on the sector hit a record high of 749.5 billion yuan ($117.2 billion). By contrast, however, Japanese bullet trains have not had any accidents involving injuries or deaths since they started running in 1964, according to a Transport Ministry official in Tokyo. An alarm system on the Japanese bullet automatically applies the brakes if two trains come too close each other, and braking was triggered by an earthquake detection system when the country was hit by a massive quake and tsunami in March. Even before last month's crash and resulting furor, China's railways sector was under a cloud. The railways minister, Liu Zhijun, a key figure behind the investment boom in the sector, was dismissed in February over corruption charges that have not yet been tried in court. As well as the embarrassment for the ruling Communist Party, the slowdown in high-speed rail construction could bite into demand for steel, said UOB Kay Hian commodities analyst Helen Lau. It was unclear how drastically CNR's recall will disrupt services on the flagship Beijing-Shanghai route. Even before CNR announced its step, the railways ministry said it would cut the number of high-speed trains running on the route by a quarter, the official Xinhua news agency said on Friday. Passengers waiting to board bullet trains from Beijing to Shanghai said they were not worried by news of the recall. "The risk of an accident is definitely greater on these fast trains, but flying isn't any safer," said Zhang Kelong, a building materials salesman who said he was taking the Beijing-Shanghai high-speed service for the first time. The government is stepping up safety demands, he noted. "So the likelihood of another accident happening is small," he said. "Let's just say I would have to be very unlucky for that to happen." Train maker CNR did not explain what technical problems prompted its recall. But in an earlier statement, the company said it had found faults in signaling systems on the CRH380B-trains, which it blamed for delays in service. CNR's rival, China South Locomotive, built both of the trains involved in the crash last month. The worries over high-speed rail are likely to force central government leaders to drastically reform the Ministry of Railways, quite possibly merging it into a transport super-ministry, said Zhao, the Beijing professor. The ministry thwarted an effort to do that a few years ago. "Now, it's going to happen sooner or later," said Zhao, referring to the merger. "That's the whole direction of reform, and it won't change. But I don't know when it will happen." (Additional reporting by Zhou Xin, Sally Huang, Michael Martina and Chris Buckley in Beijing; Editing by Ken Wills and John Chalmers) World China Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Mobile Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electric trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 12 August 2011
Cameron denies austerity drive caused UK riots |
Bomb kills five U.S. troops in southern Afghanistan |
Syrian forces kill 11 in swoop on northern towns |
Western Libya rebels strike north towards coast |
No jail for Nazi war criminal Scheungraber: lawyer |
WFP says has more access in Somalia, Mogadishu a challenge |
Egypt moves to scrap decades-old emergency law |
U.S. urges Israel, Palestinians to avoid unilateral moves |
Venezuela's Chavez says feels well in chemotherapy |
Dozens of ships fleeing Benin waters due to piracy: navy |
Google+ social network gets games |
Chinese authorities find 22 more fake Apple stores |
AOL approves buyback after shares tumbled 32 percent |
UK may disrupt social networks during unrest |
Analysis: In Twitter era, authorities must adapt or struggle |
Plan laid out for texting 9-1-1 messages |
Cisco bulls may underestimate tough road ahead |
Intel expects Ultrabook PCs priced below $999 in Q4 |
Caution marks mobile device market in H2: Gartner |
Country star Billy Grammer dies age 85 |
Interrupters film looks at stopping city violence |
Miranda Cosgrove breaks ankle in tour bus crash |
Kim Kardashian sues Old Navy over look-alike ads |
Aguilera, Cee Lo to sing at Jackson tribute concert |
White House rejects claim about bin Laden raid film |
UK's Cameron under pressure over cuts after riots |
China recalls bullet trains in new blow to technology showcase |
Syrian forces kill 19, U.S. threatens more sanctions |
Riot erupts in southwest China town: reports |
Houston lands 2013 NBA All Star Game
UK team looks to lure Lakers star Ron Artest
Israel okays 1,600 settler homes for East Jerusalem |
Matsui, Jackson sparks A's past Jays
TV show bares new face of woman attacked, deformed by chimpanzee
Giants VP of communications Pat Hanlon lashes at team's fans on Twitter
Ivory Coast arrests 57 troops from former regime |
Stricker Sizzles! Steve Stricker nearly sets major record, shoots 63 at PGA
True Blood renewed for fifth season
Miranda Cosgrove's tour postponed after tour bus crashes
WFP says has more access in Somalia, Mogadishu a challenge |
Amazon, Wal-Mart launch e-reader, movie service in the cloud
Chris Brown reveals tour dates with Kelly Rowland, T-Pain
Analysis: Apple going after Google in tablet spats? |
Google and Facebook face-off in social games |
Zynga draws fewer paid players than expected |
Renren posts small Q2 profit; Q3 view drags down stock |
Analysis: Tech world vies for piece of insurance exchanges |
Nvidia's outlook beats Street, shares soar |
Feminist Gloria Steinem hopes TV doc inspires |
Barefoot Bandit signs movie deal to pay victims |
Norway names commission to judge attack response |
Australian unemployment rate rises to 5.1% for July
Yemen says soldier killed in protest city of Taiz |
Cuba's fading Fidel Castro turns 85 on Saturday |
MTV plans Britney Spears tribute for VMAs
SEC investigating S&P's downgrade of U.S. debt
NASA forms Human Exploration and Operations Directorate
Japan says to set up new nuclear safety watchdog |
"Jersey Shore" star admits to having had nose job
"So You Think You Can Dance" crowns Melanie Moore Season 8 winner
Libya rebels take casualties in fight for Brega |
US retail sales rise 0.5% in July
Plumber helps catch Starbucks Peeping Tom
Pregnant woman mauled and killed by her own pit bull
Forgotten 2005 quake victims still need help
Euro zone crisis reaches France, turns existential |
Famine squeezes life out of southern Somalia |
Insight: China's microbloggers rattle the censor's cage |
German court sets Samsung, Apple hearing for Aug 25 |
Wyclef Jean offers new skills to quake-hit Haitians |
Stephen Colbert aims comedic political ad at Iowa |
Glenn Close to get lifetime award at Spanish festival |
Former Warrant singer Jani Lane dies in Los Angeles |
Film buffs eye movie locations in Brooklyn |
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