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  (Source: Shutterstock)
U.S. is left in the dust as China blazes ahead with $1T USD rail bid

Sources: The Washington Post, Shutterstock





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RE: Correction
By vxmqzz on 12/27/2012 1:58:42 PM , Rating: 1
It's actually not that expensive considering the distance,

second class is about $150,
first class is $230

premium first class is $270

business class is $450

the main problem is 3G signal is not stable

Also, because of the high-speed rail, lots of airlines discounted their ticket price to 1/5 of normal price.


RE: Correction
By bug77 on 12/27/2012 7:07:45 PM , Rating: 3
According to Wikipedia, the nominal GDP per capita in China is just under $5,500. That's less than 40 second class tickets (though I think people living in the cities should be earning above the average). I say this is still luxury transportation, not bringing high-speed trains to the masses.


RE: Correction
By vxmqzz on 12/28/2012 4:24:50 PM , Rating: 2
According to wiki, China's GDP per capita is $8000 to $10000 in 2011, depending on who is counting, and ranked around 95th in the world. However this doesn't change the fact that it's the number 2 economy in the world. Considering it's 1.5b population, there are plenty of people that can afford a trip of $150, and most people don't take these long trips everyday.

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


RE: Correction
By bug77 on 12/28/2012 5:44:26 PM , Rating: 2
I'm sure you can read it any way you like, which why I specifically said "nominal GDP". Because those ticket prices are as nominal as it gets.

And while you are sure there are plenty of people that can afford the cost, there are others who aren't: http://www.economist.com/blogs/gulliver/2011/02/hi...


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