is china high speed rail profitable

[4], China Railway High-speed (CRH) () is the major high-speed rail service provided by state-owned railway manufacturing and construction corporation China Railway. High-speed rail is also becoming relatively more affordable as fares have remained stable while worker wages have grown sharply over the same period. Are you interested in testing our business solutions? [158] The Southeast HSR corridor lost 0.377billion in its first year beginning August 2009. [230] It overtook the G529/530 trains for the Beijing West - Beihai (Beihai Railway Station [zh]) service (2,697km (1,676mi), 15 1/2 hours for southbound train, 15 3/4 hours for northbound train), which had set the previous record on July 1, 2016. Currently, you are using a shared account. The new trains reduced travel time between Beijing and Shanghai by two hours to just under 10 hours. When considering route strategy, HSR's market share versus other modes must be well understood. ZhengzhouXi'an high-speed railway is estimated to run 59 trains in 2010 and 125 trains in 2018, yet in 2016 there are merely around 30 trains on operation, causing a 1.4 billion loss. [55][56], By January 2011, China had the world's longest high-speed rail network with about 8,358km (5,193mi)[57] of routes capable for at least 200km/h (124mph) running in service including 2,197km (1,365mi) of rail lines with top speeds of 350km/h (217mph). The price tag of the Shanghai Maglev was believed to be $1.3billion and was partially financed by the German government. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Even the Beijing-Shanghai line, China's most profitable high-speed rail line, reported 56.6 percent less net profit in 2021 than in 2019. [111] By the end of 2012, the total length of high-speed rail tracks had reached 9,300km (5,800mi), and ridership rebounded and exceeded levels prior to the Wenzhou crash. [186] However, China's average income per capita is considerably lower than these other countries, so the high speed train fares remain unaffordable for most but the well-to-do. As soon as this statistic is updated, you will immediately be notified via e-mail. CRH trainsets are intended to provide fast and convenient travel between cities. High-speed rail developed rapidly in China since the mid-2000s. | Pedestrian Observations", National Development and Reform Commission 2016, "30,000-kilometer high-speed railway to cover 80% of urban areas by 2020", "No timetable yet for Shanghai-Hangzhou maglev line: official", "Beijing's first maglev line resumes construction", "All Existing and U/C Maglev Lines in 2020", "High-speed rail construction not suspended People's Daily Online", "China Railway sets out 2017 targets International Railway Journal", "China Exclusive: Five bln trips made on China's bullet trains", "China's railways report 3.57b passenger trips in 2019", "Total volume of passenger transported by highspeed railways in China from 2008 to 2021", "Train Makers Rail Against China's High-Speed Designs", "China Rail Chief's Firing Hints at Trouble", "High-Speed Trains in China to Run Slower, Ministry Says", "Full steam ahead for high-speed rail patents overseas", "Chinese firm launches R&D on 600 km/h maglev train", "China Is Eager to Bring High-Speed Rail Expertise to the U.S.", "Indonesia's Handling of High-speed Train Project Adds to Business Confusion, Mixed Messages to Japan, China Come as Indonesia courts foreign investors", "Siemens joins China bid for Saudi Haramain project", "GE and China MOR Sign Strategic MOU to Advance High-Speed Rail Opportunities in the U.S.", Chinese Firm Constructs High-Speed Railway in Turkey, "China to Design New Russian High-Speed Railway", "Shanghai Maglev Train (431 km/h) - High Definition Video", "China restores bullet train speed to 350 km/h Xinhua | English.news.cn", "China begins to restore 350 kmh bullet train Xinhua | English.news.cn", "China powers ahead as new entrants clock in", "China launches longest high-speed train service" China Daily, National Development and Reform Commission, https://en.wikipedia.org/w/index.php?title=High-speed_rail_in_China&oldid=1152594619, Stimulates the economy in the short term as HSR construction creates jobs and drives up demand for construction, steel and cement industries during the economic downturn. The China Star (DJJ2) train followed the same September with a new record of 321km/h (199mph). [135] In 2025, the HSR network will reach a total lenght of 50.000km and will grow further.[136]. In May 2011, China's Environmental Protection Ministry ordered the halting of construction and operation of two high-speed lines that failed to pass environmental impact tests. The trains G403/404 and G405/406 for the Beijing West (Beijingxi) - Kunming South (Kunmingnan) service (distance 2,760km (1,710mi), travel time about 10 1/2 hours), which began service on January 1, 2017, became the longest high-speed rail service in the world. [citation needed]. The earliest example of higher-speed commercial train service in China was the Asia Express, a luxury passenger train that operated in Japanese-controlled Manchuria from 1934 to 1943. According to an analysis conducted in 2019, only five out of 15 fast 350 kilometers-per-hour high-speed railway lines in China could cover all costs, including operating and capital costs.. Examples of technology transfer include Mitsubishi Electrics MT205 traction motor and ATM9 transformer to CSR Zhuzhou Electric, Hitachis YJ92A traction motor and Alstoms YJ87A Traction motor to CNR Yongji Electric, Siemens TSG series pantograph to Zhuzhou Gofront Electric. With a total length of 968km (601mi) and capacity to accommodate trains traveling at 350km/h (217mph), the Wuguang PDL set a world record for the fastest commercial train service with average trip speed of 312.5km/h (194.2mph). Alstom also won an order for 60 train sets based on the New Pendolino developed by Alstom-Ferroviaria in Italy. Economic benefits of high-speed rail: Do they match the breakneck speed? Under political and public pressure, the National Audit Office (NAO) carried out an extensive investigation into the building quality of all high-speed rail lines.

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