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China Railway Development Report, 2006

Published: Oct/2006

Hard Copy  USD $ 1,100
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Nowadays about 27% of the freight turnover and 35% of the passenger turnover are carried through railway transportation in China. And for quite a long term in the future railway will continue playing a fairly important role in Chinese national transportation, which is decided mainly by its key position in economical construction and by the basic situation of China.  

Proportion of Each Transportation Means, by the Turnover Volume of Freight, 2005  


 

Economical benefit in railway transportation has been improved a lot ever since 2003. Revenue created by railway increased by 4.4% in 2003 while in 2004 the growth rate hit 20.9%, then in 2005 railway revenue welcomed a new high of RMB 203.3 billion, increasing by 13.3% year-on-year, which set a brand-new record in Chinese railway transportation history.

Revenue Increase of Railway Transportation, 2001-2005 (Unit: RMB billion)


 

Qinghai-Tibet Railway started operating on July 1, 2006, which added the national total operating-mileage of railway to 80,000 km; meanwhile, the successful speeding-up mileage of railway reached 16,500 km. These two things are of great meaning like a milestone indicating Chinese railway transportation is now serving all the Chinese people. 

In the first half of 2006, China railway transportation maintained a steady increase. On average 1075.7 million units of train are loaded each day in China, in which coal takes 46,260 units; the freight carried is 1.39 billion ton, in which coal takes 637 million ton. Railway passenger transportation also increases rapidly. The Railway Ministry is to carry out the sixth speed-up in Beijing-Harbin, Beijing-Shanghai, Beijing-Guangzhou railways etc. in Oct, 2006. When the speed-up plan is successfully practiced, there will be more than 5300 km railway with the speed of 200km/h in China. It is estimated that the freight and passenger transportation ability will increase by double-digit then. However, the tension of railway transportation will still exist in the next five years. For example, passenger transportation during the Spring Festival is a big issue. Though 4500 trains were added during 2006 Spring Festival, yet at least 9730 trains were in real demand. That is to say, the number of trains added accounted for only a half less that of the demand. Figures show that, Chinese railway is now shouldering a transportation task of 24% of the world’s total railway transportation with only 6% operating mileage. It can be concluded that China is now in urgent need to extend the railway coverage.     

During the Eleventh Five-Year Plan period (2006-2010), China will build new railway 19,800 km, in which 9,800 km is especially for passenger transportation. In 2010 the national railway operating mileage will add up to 95,000 km. The developed railway network will see a primary scale then; passenger dedicated lines, inter-city passenger lines and the passenger transportation network that matching the speed-up of the now existing 32,000 km railway will be formed then.

Also big freight transportation channels and the fast freight transportation network will have been formed by the year 2010. It is forecasted that in 2010, the number of passenger dispatched and that of freight dispatched will reach about 1.9 billion persons and 3.2 billion ton respectively, with an average annual growth rate of 10.6% and 3.7%. The turnover of passenger traffic and freight traffic each will hit 82 billion km and 2.5 trillion km, with an average annual growth rate of 6.9% and 4.0% separately. Therefore China railway industry demands a good development. All the above situation constitute the overall background of executing Medium -Long Term Railway Internet Program
 
To well-realize the Program, RMB 2 trillion is needed to invest into Chinese railway construction in the following 15 years, that is to say, RMB 130 billion is needed annually. However, RMB 50-60 billion has been annually invested into Chinese railway construction in recent years. According to the plan, RMB 160 billion is to invest into railway construction in 2006. From 2006 to 2010, RMB 1.25 trillion is expected to be invested into railway construction. There will be 100,000 km operating mileage of railway in China in 2020, in which 12,000 is passenger dedicated line. It means that not only the railway network is extended, but also the railway quality level is improved.  

This report analyses the programming and construction situation, system reformation, supply and demand status, and the development trend of China railway, based on plenty of sources from National Bureau of Statistics of China, National Development and Reform Commission, Development Research Center of State Council P.R China and Railway Ministry of China; It also makes an in-depth research on the key listed companies in railway industry, giving a bright and clear reference for railway transportation, related industries or enterprises, and investors interested in China railway. You will have more definite ideas about the current status and the development trend on China railway to help frame out your market strategy.



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