Caixin OnlineBusiness & IndustryTop Stories Industry
Sound Financials Recharge China's Fast Trains
Sound Financials Recharge China's Fast Trains
Bullet trains on popular routes are pulling in passengers, encouraging the Ministry of Railways to expand
RELATED POSTS
![]() |
(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.
RELATED POSTS
COMMENTS (0)
- Goldman Sachs Sells Last ICBS Shares
- An Investment Company Tries Its Hand at Farming
- Alibaba Intending to Dig Deep for E-commerce Gold
- In Tuesday's Papers: Xi Plans to Meet Obama in June, Bird Flu Found in North Korea
- Closer Look: Li's India Trip about 'Exploring New Strategies'
- N. Korean Escape
- Financial Industry 'Should Be Opened up More'
- In Monday's Papers: Danone, COFCO in JV Agreement, Work on Two CRC Lines Delayed
- Four Local Gov'ts Eye Greater Borrowing This Year
- Billion Yuan Buddha
- Sign up to receive our free daily newsletter
POPULAR STORIES
- Too Big To Fail Is Bigger than Ever
- Why Foxconn's Switch to Robots Hasn't Been Automatic
- Marriage, Sex and Character
- Delicacies of the Chinese Dream
- Playing the Long Game
- Investment Company Asks: Can We Legally Short Sell?
- The Real Reason the Stock Market Is Slumping
- Teams to Draft Reform Topics for Party Congress Set up
- Is China Welcome in the Arctic?
- Errors of Aggression Catch up with Underwriter
Latest Issue



































