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Available: https://www.statista.com/statistics/1218788/china-profitability-of-high-sped-railway-by-route/, Number of high-speed railways in China as of August in 2019, by profit status and speed, Immediate access to statistics, forecasts & reports, High-speed train lines under construction worldwide in key countries 2022, Value of the largest rail infrastructure projects in the world in 2022, Forecast: estimated value of investment in new transport infrastructure in China 2020, Share of electrified railroad routes in China 2021, Length of express railways in China 2008-2021, Length of newly built express railways in China 2014-2021, Share of high-speed rail network length among whole rail network in China 2014-2021, Length of express railways by leading provinces in China 2021, Number of high-speed trains in China 2013-2021, China's high-speed train growth rate 2014-2021, Number of Fuxing Hao high-speed trainsets in China 2013-2021, China: production of bullet trains by month 2020-2022, Cost distribution of China's Fuxing high-speed trainsets 2021, by component, Largest high-speed railway stations in China 2020, Revenue of the China State Railway Group (China Railway) 2017-2021, Number of China State Railway Group's high-speed trains 2017-2021, Operating revenue of CRRC Cor., Ltd. 2014-2021, Beijing-Shanghai High Speed Railway: revenue 2017-2021, Number of passengers on the Beijing-Shanghai high-speed rail line 2016-2021, Share of holiday short distance intercity public transportation Taiwan 2020, by mode, Sales revenue of Taiwan High Speed Rail 2017-2020, by segment, Share of holiday medium distance intercity public transportation Taiwan 2020,by mode, Share of sales revenue of Taiwan High Speed Rail 2017-2020, by segment, Share of weekday long distance intercity public transportation Taiwan 2020, by mode, Share of weekday extra long distance public transportation in Taiwan 2020, by mode, Share of weekday medium distance intercity public transportation Taiwan 2020 by mode, Expenditures on pollution prevention of Taiwan High Speed Rail 2018-2023, Number of train services of Taiwan High Speed Rail 2013-2020, Net profit of Taiwan High Speed Rail 2014-2020, Monthly ridership of Taiwan High Speed Rail 2020, Share of short distance intercity public transport in weekday Taiwan 2020, by mode, Expenditures on environmental impact research of Taiwan High Speed Rail 2018-2021, Profit ratio of Taiwan High Speed Rail 2014-2020, Find your information in our database containing over 20,000 reports. 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. [158], Overall, ridership is growing as the high-speed rail network continues to expand. Finally, residents living along the proposed maglev route have raised health concerns about noise and electromagnetic radiation emitted by the trains, despite an environmental assessment by the Shanghai Academy of Environmental Sciences saying the line was safe. 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]. [9] HSR lines with design speeds at 200250km/h (120160mph) are more common than higher speed lines. Chinese train-makers, after receiving transferred foreign technology, have been able to achieve a considerable degree of self-sufficiency in making the next generation of high-speed trains by developing indigenous capability to produce key parts and improving upon foreign designs. [188] The impact of high-speed rail on air travel is most acute for intercity trips under 500km (310mi). By the mid-1990s, average train speed in China was about 60km/h (37mph). The line supports commercial train service at speeds of 200250km/h (120160mph), and has become a segment of the rail corridor between Beijing and Northeast China. The ideal entry-level account for individual users. To better compete with foreign trainmakers, the central authorities arranged for the merger of the country's two main high-speed train-makers, CSR and CNR, into CRRC. For foreign train-makers, technology transfer is an important part of gaining market access in China. 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. [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]. [12][13] However, a Paulson Institute research had estimated that the net benefit of the high-speed rail to the Chinese economy to be approximately $378 billion and an annual return on investment at 6.5%. The high-speed rail (HSR) network in the People's Republic of China (PRC) is the world's longest and most extensively used with a total length of 42,000 kilometres (26,000mi) by the end of 2022. [64] On June 13, 2011, the MOR clarified in a press conference that the speed reduction was not due to safety concerns but to offer more affordable tickets for trains at 250km/h (155mph) and increase ridership. It was profitable every year between 2014 and 2019, according to national railway operator China State Railway Group Co. 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. [69][70] In June, the MOR maintained that high-speed rail construction was not slowing down. Learn more about how Statista can support your business. won an order for 40 eight-car train sets based on Bombardier's Regina design. Business Solutions including all features. While a number of high-speed railways in eastern China have started to be operationally profitable since 2015, the high speed railways in the midwest still operate at a loss. [110] Premier Wen Jiabao visited train manufacturers and gave a vote of confidence in the industry. Many users want proof that high-speed rail can be a profitable, efficient job generator to help raise the sagging U.S. economy when compared with other types of transportation. 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. [50], After committing to conventional-track high-speed rail in 2006, the state embarked on an ambitious campaign to build passenger-dedicated high-speed rail lines, which accounted for a large part of the government's growing budget for rail construction. This text provides general information. The COVID-19 epidemic hurt China's high-speed railway sector last year, but the Beijing-Shanghai section, which will turn 10 on Wednesday, remained profitable, spurring the introduction of a new model of Fuxing bullet train on the prime stretch, offering better services and safety, said senior executives of the company that operates the line . Chart. [183], China's high-speed railway network is by far the longest in the world. [63][65][66] This was in response to concerns over safety, low ridership due to high ticket prices,[67] and high energy usage. China's busiest high-speed rail line handles 1.35 billion passengers in 10 years. In the first three quarters of 2012, the line lost 1.87 billion. Several sections of the national grid, especially along the southeast coastal corridor, were built to link cities that had no previous rail connections. Over the past decade, the country has added over 35,000 kilometers to its high-speed rail (HSR) network, with the total length that far exceeds the rest of the world combined. [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. [1][2][3] The HSR network encompasses newly built rail lines with a design speed of 200350km/h (120220mph). [120] High-speed passenger rail service expanded to 28 provinces and regions. (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? It is also known as "the most profitable" rail line, with annual growth rate of profits registered at 39.4 percent from 2014 to 2019. Most of the new lines follow the routes of existing trunk lines and are designated for passenger travel only. [30] To attain higher speeds and transport capacity, planners began to propose a passenger-dedicated HSR network on a grand scale. The Economist estimates Liu accepted 1billion of bribes ($152million) in connection with railway construction projects. Some of these new railways are being built to accommodate speeds of 200250km/h (120160mph) for both passengers and freight. passenger dedicated lines (PDLs) with a design speed of 350km/h (217mph), regional lines connecting major cities with a design speed of 250km/h (155mph), and. [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. [178] The terms of the loans range from 510 years at interest rates of 6.3 to 6.8 percent. [dead link][58] The MOR reportedly committed investment of 709.1billion (US$107.9billion) in railway construction in 2010 and would invest 700billion (US$106billion) in 2011 on 70 railway projects, including 15 high-speed rail projects. [188] As of October 2013, high-speed rail was carrying twice as many passengers each month as the country's airlines. The HSR network encompasses newly built rail lines with a design speed of 200-350 km/h (120-220 mph). | 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. [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. liability for the information given being complete or correct. High-speed rail is also becoming relatively more affordable as fares have remained stable while worker wages have grown sharply over the same period. The price tag of the Shanghai Maglev was believed to be $1.3billion and was partially financed by the German government. 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. It is the western ward lines are losing money but that is narrowing too. Most of the components of the CRH trains manufactured by Chinese companies were from local suppliers, with only a few parts imported. 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. [27][note 4] In all, travel speed increased on 22,000km (14,000mi), or one-fifth, of the national rail network, and the average speed of passenger trains improved to 70km/h (43mph). According to a World Bank publication on Chinese HSR, by the end of 2017 "the length of 300350 kph lines was about 10,000 km, and the length of 200250 kph lines was about 15,000 km. [20] The steam-powered train, which ran on the South Manchuria Railway from Dalian to Xinjing (Changchun), had a top commercial speed of 110km/h (68mph) and a test speed of 130km/h (81mph). Railway officials lowered the top speed of trains on most lines that were running at 350km/h (217mph) to 300km/h (186mph). Show sources information By 2010, the truck system as a whole is predominantly Chinese. A Shanghai-Hangzhou maglev line was also initially discussed but later shelved in favour of conventional high-speed rail. A Japanese report envisioned a winner-take all scenario in which the winning technology provider would supply China's trains for over 8,000km (5,000mi) of high-speed rail. 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. High-speed trains on PDLs can generally reach 300350km/h (190220mph). Despite impressive ridership figures, virtually every completed line has incurred losses in its first years of operation. Almost all HSR trains, tracks, and services are owned and operated by the China Railway Corporation under the brand China Railway High-speed (CRH) with two exceptions being the Shanghai Maglev Train, which is operated by the Shentong Metro Group, and GuangzhouShenzhenHong Kong Express Rail Link (XRL), which is partially operated by the Hong Kong-based MTR Corporation. In China, high-speed rail service is competitive with road and air transport for distances of up to about 1200 km. Those sections will carry a mix of passenger and freight. In 2018, China Railway operated 3,970.5 pairs of passenger train service, of which 2,775 pairs were carried by EMU train sets. 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", "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? Critics both in China and abroad have questioned the necessity of having an expensive high-speed rail system in a largely developing country, where most workers cannot afford to pay a premium for faster travel. [11], Many of the Passenger Designated Lines use ballastless tracks, which allow for smoother train rides at high speeds and can withstand heavy use without warping. Intercity railways are designed to provide regional high-speed rail service between large cities and metropolitan areas that are generally within the same province. [141] The government also articulated the importance and urgency of assuring the capacity of railway staff, especially their familiarity with telecommunication and signaling testing in the official investigation of the Wenzhou train collision. [18], Thus, high-speed rail service in China requires high-speed EMU train sets to be providing passenger service on high speed rail lines at speeds of not less than 200km/h (124mph).
