is china high speed rail profitable

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Manufacturers of electric locomotives - based on market share 2013-2017, Market share of high-speed rail construction in China 2020, by leading player, Beijing-Shanghai High Speed Railway net profit 2017-2021, Public expenditure on transport infrastructure in China 2012-2022, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. On mixed-use HSR lines, passenger train service can attain peak speeds of 200250km/h (120160mph). [110] Premier Wen Jiabao visited train manufacturers and gave a vote of confidence in the industry. [37] It supplied the technology for the CRH3C, based on the ICE3 (class 403) design, to CNR's Tangshan Railway Vehicle Co. Ltd. 11, "China's Experience with High Speed Rail Offers Lessons for Other Countries", "China plans five-year leap forward of railway development ", "Bullet trains set to join fastest in the world", "International Railway Journal Rail And Rapid Transit Industry News Worldwide", "China slows its runaway high-speed rail expansion", "Hundreds protest Shanghai maglev rail extension", "Rail track beats Maglev in BeijingShanghai High Speed Railway", "BeijingShanghai High-Speed Line, China", "Violence flares as the Chinese rage at Japan", "Kawasaki Wins High-Speed Train Order for China", "China denies Japan's rail patent-infringement claims. For example, the BeijingTianjin intercity railway in its two full years of operation, delivered over 41 million rides. By Global Times Published: Jun 22, 2021 10:38 PM. [134], The HSR network reached 37,900km (23,500mi) in total length by the end of 2020. As of March 2011, no major quality defects had been found in the system. The route is part of China's Belt and Road Initiative, and the completed . How fast is bullet train in China? [54] The envisioned network, together with upgraded existing lines, would total 12,000km (7,456mi) in length. [106] As of October 12, 2011, the MOR had issued 160 billion of debt for the year. [155] The Beijing-Shanghai high-speed railway is one of the few lines that have been profitable, with profits steadily increasing after first breaking even in 2014, and achieving revenue of CNY 29.6 billion and net profit of CNY 12.7 billion in 2017. The institution also found "a broad range of travelers of different income levels choose HSR for its comfort, convenience, safety and punctuality. [215][216], Typical application of track technology in China high-speed lines, Chinese train-makers and rail builders have signed agreements to build HSRs in Turkey, Venezuela, Argentina,[217] and Indonesia[218] and are bidding on HSR projects in the United States, Russia, Saudi Arabia, Brazil (So Paulo to Rio de Janeiro) and Myanmar, and other countries. [90][91] This fatal accident, which happened in the midst of corruption investigations into railway officials, led to greater scrutiny in the Chinese press and the populace concerning the HSR[63][64][92][93] and on the railway company. [33] At the time, planners were divided between using high-speed trains with wheels that run on conventional standard gauge tracks or magnetic levitation trains that run on special maglev tracks for a new national high-speed rail network. Top speed of 220 mph with some routes running as high as 250 mph. 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. [188] Flights on routes over 1,500km (930mi) are generally unaffected. Railway officials lowered the top speed of trains on most lines that were running at 350km/h (217mph) to 300km/h (186mph). [100] To stimulate ridership, on August 16, 2011 ticket prices on high-speed trains were reduced by five percent. [187][53], The spread of high-speed rail has forced domestic airlines in China to slash airfare and cancel regional flights. Despite setting speed records on test tracks, the DJJ2, DJF2 and other domestically produced high-speed trains were insufficiently reliable for commercial operation. Is high-speed rail travel on a track to nowhere? - BBC News (Chinese), provincial-level administrative divisions, electrical multiple unit (EMU) train sets, Campaign to raise the speed of railway travel in China, conventional high-speed rail line was built between Shanghai and Hangzhou, Sifang Locomotive and Rolling Stock Co (CSR Sifang), high-speed railway between Beijing and Shanghai, List of high-speed railway lines in China Four Vertical and Four Horizontal" network, WuhanGuangzhou high-speed railway (Wuguang PDL), GuangzhouShenzhenHong Kong high-speed railway, List of high-speed railway lines in China, GuangzhouShenzhenHong Kong Express Rail Link, upgraded in the sixth round of the "Speed-up Campaign", California's high-speed rail line project, "Length of Beijing-HK rail network same as Equator", "New high-speed trains on drawing board- China.org.cn", "Full speed ahead for China's high-speed rail network in 2019", "China builds the world's longest high-speed rail as a rail stalls in the U.S.", "China's fast track to high-speed rail exports", "China-Tibet bullet trains to commence operations before July", "China sets railway building spree in high-speed motion", "World's Longest Fast Train Line Opens in China", "China to step up testing on fastest-ever maglev train", "China's High-Speed Rail, the world's longest high-speed railway network, is now losing $24 million per day with a reported debt of $1.8 trillion", "China Railway's debt nears $900bn under expansion push", "Is this the end of the line for China's rapid railway investment? [178] In its first year of operation from August 1, 2008, to July 31, 2009, the line carried 18.7million riders and generated 1.1billion in revenues, which resulted in a loss of 0.7billion. The expansion into HSR is also developing China into a leading source of high-speed rail building technology. China's busiest high-speed rail line handles 1.35 billion passengers in 10 years. 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.

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