PRC's emerging network of high speed railways is a nice example of Chinese effective pragmatism. Beijing decided in 2001 to buy licensed technology from Germany, Japan, France, Italy and Canada instead of developing everything from scratch in China (indigenous projects were consequently canceled).
All critics harping on the fact that CRH2 and CRH3 are just ´copies´ of ICE/Velaro (Germany) and Shinkansen E2 (Japan) miss the point since China has actually made a bargain deal: Acquiring the best available technology and having the largest (13000 km!) and most modern high speed network established in the shortest possible timeframe (2012-13).
In contrast Britain will begin planning in 2010, building in 2017 and the trains will run hopefully on only one track between London and Manchester in 2025..., the fastest ´snail train´ ever built, I presume!
Maybe, but with all our UK Olympic Champions, we can insure that a person with a Red Flag and Whistle remains out in front all the time