"The new record of 416.6 km per hour shows that China has achieved a new milestone in high-speed train technologies," Zhang Shuguang, deputy chief engineer of the Ministry of Railways, was quoted as saying.
The rail service has been largely unsuccessful in attracting customers due to high ticket prices. Its managers hope that this new record will counteract that problem.
http://www.ibtimes.com/articles/66816/20100929/china-high-speed-train-new-record-in-train-speed-china-shanghai-hangzhou-high-speed-train.htm via Popular Science | Photo (unrelated) via Flickr user occam used under Creative Commons license
http://en.wikipedia.org/wiki/Land_speed_record_for_railed_vehicles