China will spend 800 billion Yuan in high-speed rail network by 2012

As a part of an economic stimulus plan, China will spend 800 billion yuan for high-speed rail network by 2012. A number from China rail department shows that each kilometer of high speed rail, the investment reached 130 million RMB. This shows that China is willing to build up a good infrustruture so that it can create a better investment enviroment.

While importing international technology for high-spead rail, China is also catch up with its own technology development. There is a saying, from New York to Chicago is simiar as the distance from Beijing to Shanghai, however, in USA the rail will take 18-19 hours, in China, the high-speed rail only take 4 hours.

http://www.china.org.cn/china/2010-07/29/content_20596914.htm