China Railway reports the number of passengers carried by high-speed EMU train sets and this figure is frequently reported as high-speed ridership, even though this figure includes passengers from EMU trains providing sub-high speed service. [134], The HSR network reached 37,900km (23,500mi) in total length by the end of 2020. On one hand, the demand of high-speed rail in China steadily increases over time. Some of these new railways are being built to accommodate speeds of 200250km/h (120160mph) for both passengers and freight. ", "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? Through five rounds of "Speed-Up" campaigns in April 1997, October 1998, October 2000, November 2001, and April 2004, passenger service on 7,700km (4,800mi) of existing tracks was upgraded to reach sub-high speeds of 160km/h (100mph).[26]. As of 2022, the China State Railway Group has had a debt of around $900 billion USD, according to Nikkei. They are known as passenger-designated lines (PDL). The protests gathered over a million signatures and politicized the issue. According to Xinhua News Agency, the aggregate results of the six Speed Up Campaigns were: boosting passenger train speed on 22,000km (14,000mi) of tracks to 120km/h (75mph), on 14,000km (8,700mi) of tracks to 160km/h (99mph), on 2,876km (1,787mi) of tracks to 200km/h (124mph) and on 846km (526mi) of tracks to 250km/h (155mph). High-speed rail is a costly endeavor which requires massive investments in research and development and components that can range from $17 to $21 million per kilometer of rail. An investigation of 23 railway construction companies in August 2011 revealed that 70% of existing projects had been slowed or halted mainly due to shortage of funding. 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. China's most profitable high-speed rail line, reporting 6.6 billion yuan (over $1 billion) in net operational profit in 2015, connects Beijing to Shanghai, two major economic zones. [9] HSR lines with design speeds at 200250km/h (120160mph) are more common than higher speed lines. Read how federal. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. [citation needed] As of years ending 2008, 2009 and 2010, the MOR's debt-to-asset ratio was respectively, 46.81%, 53.06% and 57.44%,[105] and reached 58.58% by mid-year 2011. . [180] Others warn that the financing side of the existing construction and operation model is unsustainable. 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. The Shanghai Maglev is the world's first high-speed commercial magnetic levitation ("maglev") line, whose trains run on non-conventional track and reach a top speed of 430km/h (267mph). Fares are competitive with bus and airfares and are about one-fourth the base fares in other countries. [185], In 2013 fares for China's high-speed rail service costs significantly less than similar systems in other developed countries, for comparison high speed rail tickets in France or Germany cost slightly over US$0.10 per kilometer and the various Shinkansen services hover above US$0.20 per kilometer. Trains can operate at 200km/h (124mph) on many of the conventional main lines. [112][113] China's 1,580 high-speed trains were transporting 1.33 million passengers daily, about 25.7% of the overall passenger traffic. This decision ended the debate and cleared the way for rapid construction of standard gauge, passenger dedicated HSR lines in China.[35][36]. [9], Notable HSR lines in China include the BeijingGuangzhou high-speed railway which at 2,298km (1,428mi) is the world's longest HSR line in operation, and the BeijingShanghai high-speed railway with the world's fastest operating conventional train services. [214] In June 2020, a trial run was conducted at Tongji University. [52][53] The government has justified the expensive undertaking as promoting a number of policy objectives. [178] The terms of the loans range from 510 years at interest rates of 6.3 to 6.8 percent. Those sections will carry a mix of passenger and freight. In the same year, the Ministry of Science and the MOR agreed to a joint action plan for the indigenous innovation of high-speed trains in China. The Euro Carex is a truly European scale project that aims at using the existing high-speed . [209] This EMU passenger figure includes ridership from certain D- and C-class trains that are technically not within the definition of high-speed rail in China, as well as ridership from EMU train sets serving routes on conventional track or routes that combine high-speed track and conventional track. It was profitable every year between 2014 and 2019, according to national railway operator China State Railway Group Co. [210][211][212][213], In October 2016 China's CRRC announced that it was beginning research and development on a 600km/h (373mph) Maglev train and would build a 5km (3.1mi) test track. Total investment in new rail lines grew from $14billion in 2004 to $22.7 and $26.2billion in 2006 and 2007. Is European high-speed rail profitable? Get in touch with us. You only have access to basic statistics. A planned launch of the maglev train was set for 2025. According to the filing, published by the China Securities Regulatory Commission on Friday, Beijing-Shanghai High Speed Railway, which operates the 1,300km (807 mile) line, booked a net profit of . In June 2004, the MOR solicited bids to make 200 high-speed train sets that can run 200km/h (124mph). 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. The CRH380A/AL, the first indigenous high-speed train of the CRH series, entered service on the Shanghai-Hangzhou High-Speed Railway on October 26, 2010. The transferred technology includes assembly, body, bogie, traction current transforming, traction transformers, traction motors, traction control, brake systems, and train control networks. The global expansion of China's high-speed rail sector is particularly problematic because of its disregard for profit. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. The GuiyangGuangzhou high-speed railway and LanzhouXinjiang high-speed railway are both suffering from high maintenance cost due to harsh climate conditions and complicated terrain structure. [68] This line between northern China's two largest cities, was the first in the country to accommodate commercial trains with top speed of 350km/h (217mph) and featured the CRH2C and CRH3C train sets. [179] A total of 400 new generation trains were ordered. It is the railway company that loses money, and the people and the whole country who profit. Some 4,715 kilometres (2,930mi) of new high-speed railways would be opened, and by the end of 2011, China would have 13,073 kilometres (8,123mi) of railways capable of carrying trains at speeds of at least 200km/h (124mph). The completion of the sixth round of the "Speed-Up" Campaign in April 2007 brought HSR service to more existing lines: 423km (263mi) capable of 250km/h (155mph) train service and 3,002km (1,865mi) capable of 200km/h (124mph). This is China High Speed Rail! . [231], Media related to High-speed rail in China at Wikimedia Commons, For rail transport in China generally, see. "Number of high-speed railways in China as of August in 2019, by profit status and speed." [1][2][3] The HSR network encompasses newly built rail lines with a design speed of 200350km/h (120220mph). HSR provides fast, reliable and comfortable means of transporting large numbers of travelers in a densely populated country over long distances,[147][148] which: One major concern of the high-speed rail network is the high amount of debt incurred. Show publisher information [159] CRIC has also raised some capital through equity offerings; in the spring of 2010, CRIC sold a 4.5 percent stake in the BeijingShanghai high-speed railway to the Bank of China for 6.6billion and a 4.5 percent stake to the public for 6billion. This is . In 2021, China's high-speed rail network had covered 40,000 kilometers, connecting 93% of the country's cities with a population of over 500,000. Kawasaki's cooperation with CSR did not last as long. [115][116] However in 2013, only few lines had yet become profitable. Now, two-thirds of the world's high-speed rail is in China and passengers take 3.7 billion rides every year, more than half of that number on high-speed trains. [94][95] A commission was formed to investigate the accident with a directive to report its findings in September 2011. [63][65][66] This was in response to concerns over safety, low ridership due to high ticket prices,[67] and high energy usage.

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