China Railway Industry Has Good Prospects through 2022, Predicts ASKCI Consulting in Its Topical Report Published at MarketPublishers.com07 Dec 2016 • by Natalie Aster
LONDON – Nowadays, the railway industry in China has a significant role in the social development of the country. The railway system development contributes to the improvement of traffic condition and motivates regional economy.
As of late 2015, the investments into the Chinese railway industry were estimated at approximately RMB 800 billion. The overall railway mileage in China reached 120 thousand kilometers (with 20 thousand kilometers of high-speed rail). In the same year, the number of railway locomotives in the country amounted to 20 thousand set; the country’s railway passenger volume reached 3 billion people, while the passenger turnover volume reached 1200 billion people. Meantime, the total freight volume and total freight turnover were 3 billion tonnes and 2,400 billion tonnes, respectively.
According to the 13th Five Year Plan, China’s government is planning to provide substantial support to the development of the domestic railway industry by investing about RMB 4000 billion.
New cutting-edge research publication “Development and Market of Railway Industry in China 2016-2021 Proposal” elaborated by ASKCI Consulting Co., Ltd offers comprehensive and in-depth analysis of the Chinese railway market and discuss its future prospects up till 2021. The report analyses the market size and share, reveals top growth opportunities, highlights emerging trends, discloses data on the country’s railway construction plans and projects. Moreover, the industry growth potential in different parts of the country is evaluated. The research report looks into the competitive landscape and includes granular reviews of key market participants. In addition, the market dynamics, including major growth drivers and challenges, is covered in the report. Holistic future forecasts for the Chinese railway industry are available here, too.
For other new comprehensive research studies by ASKCI Consulting, please follow to the publisher's page.