Caixin OnlineBusiness & IndustryTop Stories Industry Bullet Train Tickets to Ride – And Overcharge
03.01.2012 16:45

Bullet Train Tickets to Ride – And Overcharge

High-speed railway network suppliers have enjoyed monopolies that let them charge exorbitantly for common railcar fixtures
By staff reporters Wang Chen, Yu Ning, Gu Yongqiang and Li Xuena
 
a

Sink tops that cost 26,000 yuan each, 11,280 yuan for a water valve, and a single toilet paper holder that goes for 1,125 yuan. These might be standard prices for gold-plated fixtures in a luxury villa bathroom, but not for passenger railcars running on China's high-speed railroad.

Just how high are procurement costs for the nation's bullet trains? A railcar parts catalog obtained by Caixin from train manufacturer China South Locomotive & Rolling Stock Corp. (CSR) offered some clues: The catalog lists vendor names and tax-inclusive prices paid by CSR for more than 3,000 parts, including countertops and toilet paper holders, installed on bullet trains.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
 
Sign up to receive our free daily newsletter

LATEST VIDEOS

Latest Issue
On the Cover:

Back Door Slam


Issue 102
June , 2016

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Back Door Slam
U.S.-listed Chinese companies planning to switch to a mainland exchange have been targeted by suspicious regulators
Issue 102
06.01.2016

Subscribe       |       Newsletter        |        FAQ