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<p>[quote user="beaulieu"]</p> <p> </p> <blockquote> <div><img src="/TRCCS/Themes/trc/images/icon-quote.gif" /> <strong>Sam1:</strong></div> <div> <p> </p> <p> </p> <p>Here is another sobering thought.  According to International Monetary Fund estimates released today (April 28, 2011), China's economy (GDP) will surpass the U.S.'s by 2016, which is considerably sooner than its heretofore most recent estimate (2022).  This will have serious ramifications for the U.S. Amongst other things, it will put significant pressure on the dollar and could very well ends its reign as the world's reserve currency.  This would ripple through the U.S. economy like a bullet train, for sure, but not one that is likely to stay on the tracks.  The train wreck could be very ugly.</p> <div style="clear:both;"></div> <p> </p> </div> </blockquote> <p> </p> <p>One effect/problem is that China has so far wanted to hold down the value of the Yuan, if the Yuan were to become the new "Reserve" currency, they may not be able to continue doing that.</p> <p>One other reason for going a bit slower is that the signalling system may not be designed for the higher speed, but for prestige reasons the Chinese Railways decided to push the safety envelope.  None of the European Systems can handle faster than 320 kph, based upon signal block lengths of 1 km. and with the train equipped with Eddy Current emergency brakes. ETCS can handle higher speeds within the current design, but none of the current software is setup for higher speeds. [/quote]</p> <p>The IMF recognizes the flaws in using exchange rates to compare GDPs. Accordingly, their estimates adjust GDPs for Purchasing Power Parities (PPP). </p>
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