Caixin OnlineBusiness & IndustryTop Stories Industry Sound Financials Recharge China's Fast Trains
09.10.2012 18:20

Sound Financials Recharge China's Fast Trains

Bullet trains on popular routes are pulling in passengers, encouraging the Ministry of Railways to expand
By staff reporters Gu Yongqiang, Wang Chen and Yu Ning
 
a

(Beijing) – Four of the nation's 14 high-speed rail lines have financially broken even since bullet trains started full-speed, intercity service in China two years ago, giving impetus to a Ministry of Railways expansion.

Passenger ticket revenues have so far matched expenses – including debt payments – for the busy Beijing-Tianjin, Shanghai-Nanjing, Beijing-Shanghai and Shanghai-Hangzhou lines, a source at the National Development and Reform Commission (NDRC) told Caixin.

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:

Bonds on the Brink


Issue 101
May , 2016

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Bonds on the Brink
An interbank bond trading platform is reeling over a state-owned company’s debt crisis, prompting a regulatory review
Issue 101
05.01.2016

Subscribe       |       Newsletter        |        FAQ