is china high speed rail profitable

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). And almost lines along Eastern coast are busy and profitable. The expansion into HSR is also developing China into a leading source of high-speed rail building technology. [158] Some economists recommend further subsidies to lower fares and boost ridership and ultimately revenues. Achieving indigenous high-speed rail technology has been a major goal of Chinese state planners. [209] At the end of 2018, cumulative passengers delivered by EMU trains is reported to be over 9 billion. The refusal of the Transrapid Consortium to share technology and source production in China made large-scale maglev production much more costly than high-speed train technology for conventional lines. Rail Vehicle Market Report is highly -intensive driven by high R&D investment and has strong product analysis to maintain growth and ensure long-term monetization with a forecast period of 2023-2029. In 2004, the Shanghai Maglev Train became the world's first commercially operated high-speed maglev. August 18, 2020. Bloomberg. In 2018, China Railway operated 3,970.5 pairs of passenger train service, of which 2,775 pairs were carried by EMU train sets. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Number of train passengers in China 2009-2021, Passenger transport volume of highspeed railways in China 2008-2021, Share of high-speed rail network length among whole rail network in China 2014-2021, Fastest trains in the world by record speed 2022, Length of highspeed railway lines in use worldwide in 2021, by country, Length of the highspeed railway lines in operation worldwide in 2021, by country (in kilometers), High-speed train lines under construction worldwide in key countries 2022, High-speed lines under construction worldwide as of September 2022, by country (in kilometers), World's fastest trains in 2022, ranked by record speed (in kilometers per hour), Value of the largest rail infrastructure projects in the world in 2022, Value of the largest rail infrastructure projects worldwide as of February 2022 (in billion U.S. dollars), Forecast: estimated value of investment in new transport infrastructure in China 2020, Total estimated value of investment in new transport infrastructure in China 2020 (in billion yuan), Total volume of passenger transported by highspeed railways in China from 2008 to 2021 (in billions), Share of electrified railroad routes in China 2021, Degree of electrified railroad routes in China from 2005 to 2021, Length of express railways in China 2008-2021, Total length of operation network of high-speed railways in China from 2008 to 2021 (in 1,000 kilometers), Length of newly built express railways in China 2014-2021, Annual increase in the length of the operational high-speed rail network in China from 2014 to 2021 (in 1,000 kilometers), Share of China's high-speed rail operating network length in the entire railroad system from 2014 to 2021, Length of express railways by leading provinces in China 2021, Leading regions in China with high-speed rail networks exceeding 10,000 km by 2021 (in 1,000 kilometers), Number of high-speed trains in China 2013-2021, Number of high-speed trains in China from 2013 to 2021, China's high-speed train growth rate 2014-2021, Growth rate of high-speed trains in China from 2014 to 2021, Number of Fuxing Hao high-speed trainsets in China 2013-2021, Number of Fuxing Hao high-speed trainsets (standard EMU)* in China from 2013 to 2021, China: production of bullet trains by month 2020-2022, Production of bullet trains in China from February 2020 to February 2022, Cost distribution of China's Fuxing high-speed trainsets 2021, by component, Cost percentage distribution of China's Fuxing high-speed trainsets in 2021, by component, Largest high-speed railway stations in China 2020, Top 10 largest high-speed railway stations in China as of 2020, Revenue of the China State Railway Group (China Railway) 2017-2021, Revenue of the China State Railway Group Co., Ltd. (China Railway) from 2017 to 2021 (in trillion yuan), Number of China State Railway Group's high-speed trains 2017-2021, Number of high-speed trains owned by China State Railway Group Co., Ltd. from 2017 to 2021, Revenue of the China Railway Group (CREC) 2011-2021, Revenue of the China Railway Group (CREC) in China from 2011 to 2021 (in billion yuan), Operating revenue of CRRC Cor., Ltd. 2014-2021, Operating revenue of CRRC Cor., Ltd. from 2014 to 2021 (in billion yuan), Beijing-Shanghai High Speed Railway: revenue 2017-2021, Revenue of Beijing-Shanghai High Speed Railway Co., Ltd. from 2017 to 2021 (in billion yuan), Number of passengers on the Beijing-Shanghai high-speed rail line 2016-2021, Number of passengers transported on the Beijing-Shanghai High-speed rail line from 2016 to 2021 (in millions). Some intercity lines run parallel to other high-speed rail lines but serve more stations along the route. [188] The impact of high-speed rail on air travel is most acute for intercity trips under 500km (310mi). It was profitable every year between 2014 and 2019, according to national railway operator China State Railway Group Co. At the beginning of the 21st century China had no high-speed railways. This decision ended the debate and cleared the way for rapid construction of standard gauge, passenger dedicated HSR lines in China.[35][36]. The World Bank estimated in 2019 that currently, the average cost of the Chinese high-speed rail network was from 17 to 21 million dollars per km, which is one third less than the cost of most of Western countries. The CRH380 series(or family) of trains was initially built with direct cooperation (or help) from foreign trainmakers, but newer trainsets are based on transferred technology, just like the Hexie and Fuxing Hao. Most of the components of the CRH trains manufactured by Chinese companies were from local suppliers, with only a few parts imported. [184] According to the World Bank, a stable long term planning and standardization of technology and design used in the high-speed rail helps to reduce financial and operational cost. Certain mixed use freight and passenger rail lines, that can be upgraded for train speeds of 250km/h (155mph), with current passenger service of at least 200km/h (124mph), are also considered high-speed rail.[18]. In Saudi Arabia's Haramain High Speed Rail Project, Alstom partnered with China Railway Construction Corp. to win the contract to build phase I of the Mecca to Medina HSR line, and Siemens has joined CSR to bid on phase II. [209] Nevertheless, by any measure, high-speed rail ridership in China has grown rapidly with expansion of the high-speed rail network and EMU service since 2008. [135] In 2025, the HSR network will reach a total lenght of 50.000km and will grow further.[136]. As of 2010, the CRIC-bonds are considered to be relatively safe investments because they are backed by assets (the railways) and implicitly by the government. [69][70] In June, the MOR maintained that high-speed rail construction was not slowing down. However, these patents are only valid within China, and as such hold no international power. Later, we began to independently develop high-speed CRH trains with a maximum velocity of 300350 kilometers per hour, which eventually rolled off the production line in December 2007. [84][85][86] The Wenzhou train accident and the lack of accountability by railway officials caused a public uproar and heightened concerns about the safety and management of China's high-speed rail system. "Number of high-speed railways in China as of August in 2019, by profit status and speed." [21] In December 1990, the Ministry of Railways (MOR) submitted to the National People's Congress a proposal to build a high-speed railway between Beijing and Shanghai. Work on the, Facilitates cross-city economic integration and promotes the growth of. [220] In November 2009, the MOR signed preliminary agreements with the state's high-speed rail authority and General Electric (GE) under which China would license technology, provide financing and furnish up to 20 percent of the parts with the remaining sourced from American suppliers, and final assembly of the rolling stock in the United States. The completion dates are 2020 and 2021.[196]. After the completion of a third track in 2000 and a fourth in 2007, the line became the first in China to run high-speed passenger and freight service on separate tracks. After the founding of the People's Republic of China in 1949, this train model was renamed the SL-7 and was used by the Chinese Minister of Railways. For example, the BeijingTianjin intercity railway in its two full years of operation, delivered over 41 million rides. [60] Zhang was estimated to have misappropriated to his personal overseas accounts the equivalent of $2.8 billion. [141][142] In 2016, Chinese railways carried almost 2 trillion ton-kilometers of freight and over 1 billion passenger-kilometer of passengers, making it one of the world's most intensively used freight and passenger railway networks in the world. The non-stop express train from Beijing to Fuzhou shortened travel time from 33.5 to less than 20 hours. Tentative services began operation in 2003,[7] while the China Railway High-speed (CRH) was introduced in April 2007 and the Beijing-Tianjin intercity rail, which opened in August 2008, was the first passenger dedicated HSR line. The centerpiece of China's expansion into high-speed rail is a national high-speed rail grid consisting of mainly passenger dedicated lines that is overlaid onto the existing railway network. Due to varying update cycles, statistics can display more up-to-date Ministry held the power drafting policy on railroad transposition, development of the rail network and rail infrastructure in China. [158] To prevent that eventuality, the MOR is trying to improve management of its rapidly growing HSR holdings. [37] The State Council turned to advanced technology abroad but made clear in directives that China's HSR expansion could not only benefit foreign economies and should also be used to develop its own high-speed train building capacity through technology transfers. [120] High-speed passenger rail service expanded to 28 provinces and regions. China's high-speed rail network appears to be following this trend. Are you interested in testing our business solutions? As of 2022, the China State Railway Group has had a debt of around $900 billion USD, according to Nikkei. Trains can operate at 200km/h (124mph) on many of the conventional main lines. The CRH380AL train set, shown above at the, Growth of China's high-speed rail network, Early passenger-dedicated high-speed rail lines, Passenger-freight railways and connecting conventional lines. [188] By the spring of 2011, commercial airline service had been completely halted on previously popular routes such as WuhanNanjing, WuhanNanchang, XianZhengzhou and ChengduChongqing. [221], In January 2014, the China Railway Construction Corporation completed a 30km (19mi) section of the Ankara-Istanbul high-speed railway between Eskiehir and nn in western Turkey.[222]. He said there are only a few examples of high-speed rail networks that turn a profit, due to a rare combination of passenger numbers and distance. [138], Despite having the second largest route-kilometer growth after Turkey since 2017,[145] there has been debate whether China's high-speed railway network is economically efficient. [37] The State Council, MOR and state-owned train builders used China's large market and competition among foreign train-makers to force technology transfers of foreign high speed rail technology[citation needed]. The WuhanGuangzhou high-speed railway (Wuguang PDL), which opened on December 26, 2009, was the country's first cross-regional high-speed rail line. ", "Freeman & Kroeber, "Opinion: China's Fast Track to Development", "High-Speed Railways in China: A Look at Traffic", "Shanghai, Shenzhen, Beijing Lead Prospects in ULI's China Cities Survey", "China's high-speed-rail network and the development of second-tier cities", "Japan Inc shoots itself in foot on bullet train", "The Pricing Conundrum for Chinese High-speed Rail", "China: profitability of high-speed railway by route", Shelley Smith "Yuan Bond Sales Climb to Record Led by Railways: China Credit", "China Daily Website - Connecting China Connecting the World", "Is Low-Cost Intercity Rail Possible? Along with CRH3C, produced by Siemens and CNR Tangshan, CSR Sifang bid 60 sets of CRH2C. Intercity railways are designed to provide regional high-speed rail service between large cities and metropolitan areas that are generally within the same province. Suppliers and manufacturers blame each other for any problem detected in the trial operation, while tracking the construction process to every single detail is an almost impossible job for inspectors. High-speed trains on HSR Corridors can generally reach 300350km/h (190220mph). EMU trains operating on non-high speed track or otherwise but at speeds below 200km/h (124mph) are not considered high-speed rail. The CRH's high-speed trains are called Harmony and Rejuvenation. [77][79][80][81][82] Several carriages derailed. [178], The Shijiazhuang-Taiyuan PDL lost 0.8billion in its first year and is set to lose 0.9billion in 2010. Train travel between central and southern Chinas largest cities, Wuhan and Guangzhou, was reduced to just over three hours. Then you can access your favorite statistics via the star in the header. At the same time, let those who say that China is very backward, and those who say that China's high-speed rail has no backrests, take a look! [146], According to a costbenefit analysis by the Paulson Institute, the high-speed rail network benefits the Chinese economy by $378 billion, with an annual return on investment of 6.5%. Dedicated guideways eliminate shared tracks with slower freight, transit or Amtrak. In July 2016, the state planners reorganized the national HSR network including HSR lines in operation, under construction and under planning into eight vertical and eight horizontal high speed rail corridors, almost doubling the network.[189][190]. [14] In 2021, China's state railway company have also vowed to prioritise in reforms that aims to improve the productivity and efficiency of its high speed rail network, rather than focus on the expansion of track mileage. [22] In December 1994, the State Council commissioned a feasibility study for the line.[22]. [4], China Railway High-speed (CRH) () is the major high-speed rail service provided by state-owned railway manufacturing and construction corporation China Railway. The Shanghai Maglev Train, a turnkey Transrapid maglev demonstration line 30.5km (19.0mi) long. 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. By 2010, the truck system as a whole is predominantly Chinese. High-speed ridership statistics in China are often reported as the number of passengers carried by high-speed EMU train sets, and such figures typically include passengers on EMU trains operating on non-high speed track or at service speeds below 200km/h (124mph).[19]. Mainland tourists said the high hotel prices and the fully resumed cross-border high-speed rail were factors in . [158] CRIC retained 56.2 percent ownership on that line. [178] To break even, the line must deliver 30 million rides annually. China has built around 26,000 miles (42,000 kilometers) of dedicated high-speed railways since 2008 and plans to top 43,000 miles (70,000 kilometers) by 2035. The order had a similar delivery structure with three shipped directly from Savigliano along with six kits assembled by CNR's CRRC Changchun Railway Vehicles, and the rest locally made with transferred technology and some imported parts. The HSR network reached 42,000km (26,000mi) in total length in December 2022[3] with plans to reach 70,000km (43,000mi) in 2035. [143] However, the rail staff productivity upon railway track infrastructure index in China is less than 0.05, being the lowest among the countries with significant railway construction. Meanwhile, the United States has just . IPO for China's most profitable high-speed train State to sell 15% of Beijing to Shanghai line to help fund less profitable rail services by KG Chan October 29, 2019 A bullet train departs Shanghai's Hongqiao Station. Chart. Please do not hesitate to contact me. Is China High-Speed Rail profitable? [102] In late October and November 2011, the MOR raised RMB 250 billion in fresh financing and construction resumed on several lines including the Tianjin-Baoding, Xiamen-Shenzhen and Shanghai-Kunming. This is China High Speed Rail! . [106][147] The MOR, through its financing arm, the China Rail Investment Corp (CRIC), issued an estimated 1trillion (US$150billion in 2010 dollars) in debt to finance HSR construction from 2006 to 2010,[158] including 310billion in the first 10 months of 2010. The study also noted a range of benefits which included shortened travel times, improved safety and better facilitation of tourism, labor and mobility, as well as reducing highway congestion, accidents and greenhouse emissions as some automobile travellers switch from car use to rail. New Delhi [India], May 1 (ANI): The training of Indian engineers and work leaders have started for the High-Speed Rail Track system for the Mumbai-Ahmedabad high speed rail corridor (MAHSR), for T-2 Package (covering 237 km between Vapi and Vadodara). The following year, Siemens reshuffled its bidding team, lowered prices, joined the bidding for 350km/h (217mph) trains and won a 60-train set order. [178] In 2013, ridership totaled 25.85million. Published by Statista Research Department , Feb 3, 2023. [209] Of the 3.313 billion passenger-trips delivered by China Railway in 2018, EMU train sets carried 2.001 billion passenger-trips. [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. [156] In an analysis conducted in 2019, only five out of fifteen high speed railway lines with travel speeds reaching 350 kilometers per hour, were able to cover all costs that included both the operating and capital costs.[157]. Measured in passenger-kilometres Who We Are Work With Us Write For Us Media Release Partners Subscribe To ORF Contact Us research Programmes and Centres This 405km (252mi) standard gauge, dual-track, electrified line was built between 1999 and 2003. On mixed-use HSR lines, passenger train service can attain peak speeds of 200250km/h (120160mph). A planned launch of the maglev train was set for 2025. This statistic is not included in your account. During the Sixth Railway Speed Up Campaign, 52 CRH trainsets (CRH1, CRH2 and CRH5) entered into operation. China is the third country, after Japan and France, to have one billion cumulative HSR passengers. Use Ask Statista Research Service, Public Transportation & Mobility Services, Fastest trains in the world by record speed 2022, Length of highspeed railway lines in use worldwide in 2021, by country, Passenger transport volume of highspeed railways in China 2008-2021, Revenue of the China Railway Group (CREC) 2011-2021, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. China's high-speed railways plunge from high profits into a debt trap | ORF Most new HSR lines in China have witnessed a sharp decline in their "transportation density". Zhang Jianwei, President and Chief Country Representative of Bombardier China, stated that in a 2009 interview, Whatever technology Bombardier has, whatever the China market needs, there is no need to ask. Within two years of cooperation with Kawasaki to produce 60 CRH2A sets, CSR began in 2008 to build CRH2B, CRH2C and CRH2E models at its Sifang plant independently without assistance from Kawasaki.

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