With the right commercial strategy, high-speed rail (HSR) routes can be profitable, with some lines achieving modal shares of up to 65%. 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. An extended version of the Fuxing bullet train is expected to . [5][6] Almost all HSR trains, track and service are owned and operated by the China Railway Corporation under the brand China Railway High-speed (CRH). This text provides general information. 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. [1][2][3] The HSR network encompasses newly built rail lines with a design speed of 200350km/h (120220mph). 10 years on, Beijing-Shanghai line on fast track to high-speed glory [52][53] The government has justified the expensive undertaking as promoting a number of policy objectives. This has allowed high-speed rail to attract more than 1.7 billion passengers a year from all income groups. Photo . Chart. [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. Some high speed trains also continue on or run over connecting segments of upgraded conventional lines. You only have access to basic statistics. [178], The Shijiazhuang-Taiyuan PDL lost 0.8billion in its first year and is set to lose 0.9billion in 2010. [188] The impact of high-speed rail on air travel is most acute for intercity trips under 500km (310mi). Between June and September 2005, the MOR launched bidding for high-speed trains with a top speed of 350km/h (217mph), as most of the main high-speed rail lines were designed for top speeds of 350km/h (217mph) or higher. Large construction debt-loads require significant revenues from rider fares, subsidies, and/or other sources of income, such as advertising, to repay. [183], China's high-speed railway network is by far the longest in the world. [74] From July 20, 2011, the frequency of train service from Jinan to Beijing and Tianjin was reduced due to low occupancy, which renewed concerns about demand and profitability for high-speed services. [130] The BeijingShanghai is particularly profitable reporting a 6.6 billion yuan net profit. This is China High Speed Rail! . Several sections of the national grid, especially along the southeast coastal corridor, were built to link cities that had no previous rail connections. Why China can build high-speed rail so cheaply New rail lines are simply not going to be as profitable as more mature rail lines that have reached their planned capacity targets. With the exception of Siemens which refused to lower its demand of CN350million per train set and 390million for the technology transfer, the other three were all awarded portions of the contract. It was profitable every year between 2014 and 2019, according to national railway operator China State Railway Group Co. 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. A Shanghai-Hangzhou maglev line was also initially discussed but later shelved in favour of conventional high-speed rail. For foreign train-makers, technology transfer is an important part of gaining market access in China. 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. By 2008, as part of the infrastructure development plan that accompanied the country hosting the Olympic Games, high-speed trains between Beijng and Tainjin were introduced and set the world record for average journey speed at 313km/h . The fastest commercial train service measured by peak operational speed is the, The fastest commercial train service measured by average train speed is the CRH express service on the, The fastest timetabled start-to-stop runs between a station pair in the world are trains G17/G39 on the, The top speed attained by a non-maglev train in China is 487.3km/h (302.8mph) by a, This page was last edited on 1 May 2023, at 05:10. It opened for operations in March 2004, and transports passengers between Shanghai's Longyang Road station and Shanghai Pudong International Airport. Ride to profitability for China-backed Indonesian rail project may take High-speed railway in China - statistics & facts | Statista [4] China's HSR accounts for two-thirds of the world's total high-speed railway networks. Is European high-speed rail profitable? [101] From July to September, high-speed rail ridership in China fell by nearly 30 million to 151 million trips. 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. High-speed railways: A source of pride for China - CGTN [121][122], In response to a slowing economy, central planners approved a slew of new lines including Shangqiu-Hefei-Hangzhou,[123] Zhengzhou-Wanzhou,[124] Lianyungang-Zhenjiang,[125] Linyi-Qufu,[126] Harbin-Mudanjiang,[127] Yinchuan-Xi'an,[123] Datong-Zhangjiakou,[123] and intercity lines in Zhejiang[128] and Jiangxi. (August 18, 2020). statistic alerts) please log in with your personal account. Achieving indigenous high-speed rail technology has been a major goal of Chinese state planners. [132] The proposed completion date for the network is 2030. [60] Sheng announced that all trains in the high-speed rail network would operate at a maximum speed of 300km/h (186mph) beginning on July 1, 2011. Learn more about how Statista can support your business. 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. 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. 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". The completion dates are 2020 and 2021.[196]. Supports energy independence and environmental sustainability. A total of 400 new generation trains were ordered. They are known as passenger-designated lines (PDL). How fast is bullet train in China? [178] To break even, the line must deliver 30 million rides annually. 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