China High Speed Rail Sector & Investment Opportunity Analysis
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“China High Speed Rail Sector & Investment Opportunity Analysis” report gives comprehensive insight on the current and future development scenario related to high speed rail network in China. Report discusses and analyzes the ongoing transformation in the overall rail passenger rail travel in China due to emergence and exponential growth in the high speed rail network over the last decade. Currently China has emerged as the predominant player in the global high speed rail transfer sector and is expected to continue to dominate the scenario in future driven by government policy and investments initiatives.
China high speed railway network is the longest in the world extending to 29 of the country's 33 provincial-level entities. The network consists of newly built passenger-dedicated lines (PDLs) and intercity lines along with upgraded mixed passenger and freight lines. The trains run on upgraded conventional lines as well as passenger dedicated high-speed track with maximum speed 250 kmph and 350 kmph respectively. The total network length surpassed 20000 km at the end of 2016 as compare to just 1350 km in 2007.
In terms of passengers, high speed trains form about 52% of total number of rail passengers in China in 2016 – China railways carried more than 2.5 Billon passengers in 2016 – an increase of 11% over the previous year. Just within nine years after commencement of operation, majority of China’s rail passengers shifted to high speed railways and the proportion is likely to go up substantially in the coming years with introduction of new HSR routes. The overwhelming popularity of HSR network reflects the considerable reduction in journey time and level of services.
The government's Mid-to-Long Term Railway Network Plan adopted in 2004, and updated in 2008, laid out a development strategy for the network for the period up to 2020 that was later extended to 2030. A national HSR grid of eight HSR corridors including four verticals and four horizontals – as mentioned in the plan is the basis of China’s high speed rail network. Most of the routes built under the grid were passenger dedicated lines (PDL). The earliest PDLs built were sections of the corridors that connected large cities in the same region.
China’s massive expansion of high speed railway or railway as a whole will obviously enhance the scope of foreign direct investment that has been one of the key drivers in China’s impeccable growth for about three decades. There are efforts to provide more opportunities to China based businesses in every sector including railway infrastructure and maintenance, but due to pressure domestic as well as international, China Government is very likely to liberalize the rules for foreign investment in railways including high speed rail.
Linking most of the cities including the newly developed ones and the cities in the west or central parts will result in greater mobility of people across the country discouraging the tendency to throng only in large cities. There are already indications that China’s west or central parts are also coming up fast to match with the eastern counterparts in terms of economic progress. Hence the HSR routes in west or central parts which are till now non-productive are likely to reach break-even stage in next five to seven years. Further expansion of HSR network in those parts will reduce the great regional disparity as well as the urban-rural difference which are of great concern in China, may finally fade away.
“China High Speed Rail Sector & Investment Opportunity Analysis” report gives comprehensive insight on the current and future development scenario related to high speed rail network in China. Report discusses and analyzes the ongoing transformation in the overall rail passenger rail travel in China due to emergence and exponential growth in the high speed rail network over the last decade. Currently China has emerged as the predominant player in the global high speed rail transfer sector and is expected to continue to dominate the scenario in future driven by government policy and investments initiatives.
China high speed railway network is the longest in the world extending to 29 of the country's 33 provincial-level entities. The network consists of newly built passenger-dedicated lines (PDLs) and intercity lines along with upgraded mixed passenger and freight lines. The trains run on upgraded conventional lines as well as passenger dedicated high-speed track with maximum speed 250 kmph and 350 kmph respectively. The total network length surpassed 20000 km at the end of 2016 as compare to just 1350 km in 2007.
In terms of passengers, high speed trains form about 52% of total number of rail passengers in China in 2016 – China railways carried more than 2.5 Billon passengers in 2016 – an increase of 11% over the previous year. Just within nine years after commencement of operation, majority of China’s rail passengers shifted to high speed railways and the proportion is likely to go up substantially in the coming years with introduction of new HSR routes. The overwhelming popularity of HSR network reflects the considerable reduction in journey time and level of services.
The government's Mid-to-Long Term Railway Network Plan adopted in 2004, and updated in 2008, laid out a development strategy for the network for the period up to 2020 that was later extended to 2030. A national HSR grid of eight HSR corridors including four verticals and four horizontals – as mentioned in the plan is the basis of China’s high speed rail network. Most of the routes built under the grid were passenger dedicated lines (PDL). The earliest PDLs built were sections of the corridors that connected large cities in the same region.
China’s massive expansion of high speed railway or railway as a whole will obviously enhance the scope of foreign direct investment that has been one of the key drivers in China’s impeccable growth for about three decades. There are efforts to provide more opportunities to China based businesses in every sector including railway infrastructure and maintenance, but due to pressure domestic as well as international, China Government is very likely to liberalize the rules for foreign investment in railways including high speed rail.
Linking most of the cities including the newly developed ones and the cities in the west or central parts will result in greater mobility of people across the country discouraging the tendency to throng only in large cities. There are already indications that China’s west or central parts are also coming up fast to match with the eastern counterparts in terms of economic progress. Hence the HSR routes in west or central parts which are till now non-productive are likely to reach break-even stage in next five to seven years. Further expansion of HSR network in those parts will reduce the great regional disparity as well as the urban-rural difference which are of great concern in China, may finally fade away.
1. HIGH-SPEED RAIL OVERVIEW
1.1 What is High Speed Rail (HSR)
1.2 High Speed Rail Technologies
2. GLOBAL HIGH SPEED RAIL NETWORK OVERVIEW
2.1 Countries with High Speed Rail Network
2.2 Global Trends in High Speed Rail
3. CHINA HIGH SPEED RAIL NETWORK
3.1 China Rail Transport Overview
3.2 China High Speed Rail Network
3.3 Types of Tracks & Coaches in High Speed Rail
4. CHINA: EXISTING ROUTES OF HIGH SPEED RAIL NETWORK
4.1 Four Vertical High Speed Railway Corridors
4.2 Four Horizontal High Speed Railway Corridors
4.3 Intercity High Speed Railway Routes
4.4 Other Existing HSR Routes
5. CHINA FUTURE & UPCOMING HIGH SPEED RAIL NETWORK
5.1 Projected Length of High Speed Rail Network
5.2 Upcoming & Proposed High Speed Rail Routes
6. CHINA HIGH SPEED RAIL REGULATORY FRAMEWORK
6.1 China Railway Corporation
6.2 National Railway Administration of the People’s Republic of China
7. CHINA HIGH SPEED RAIL POLICY
7.1 Mid to Long Term Railway Network Development Plan
8. CHINA HIGH SPEED RAIL INVESTMENT OPPORTUNITY
9. CHINA HIGH SPEED RAIL MARKET DRIVERS
9.1 Economic Growth & Greater Travel Demand
9.2 Rapid Urbanization
9.3 Presence of High-density Railway Corridors
9.4 Intermodal Competition
10. CHINA HIGH SPEED RAIL COMMERCIAL CHALLENGES
10.1 Inadequate Ridership
10.2 Safety Issues
10.3 Slowdown of Chinese Economy
11. CHINA HIGH SPEED RAIL SECTOR FUTURE OUTLOOK
1.1 What is High Speed Rail (HSR)
1.2 High Speed Rail Technologies
2. GLOBAL HIGH SPEED RAIL NETWORK OVERVIEW
2.1 Countries with High Speed Rail Network
2.2 Global Trends in High Speed Rail
3. CHINA HIGH SPEED RAIL NETWORK
3.1 China Rail Transport Overview
3.2 China High Speed Rail Network
3.3 Types of Tracks & Coaches in High Speed Rail
4. CHINA: EXISTING ROUTES OF HIGH SPEED RAIL NETWORK
4.1 Four Vertical High Speed Railway Corridors
4.2 Four Horizontal High Speed Railway Corridors
4.3 Intercity High Speed Railway Routes
4.4 Other Existing HSR Routes
5. CHINA FUTURE & UPCOMING HIGH SPEED RAIL NETWORK
5.1 Projected Length of High Speed Rail Network
5.2 Upcoming & Proposed High Speed Rail Routes
6. CHINA HIGH SPEED RAIL REGULATORY FRAMEWORK
6.1 China Railway Corporation
6.2 National Railway Administration of the People’s Republic of China
7. CHINA HIGH SPEED RAIL POLICY
7.1 Mid to Long Term Railway Network Development Plan
8. CHINA HIGH SPEED RAIL INVESTMENT OPPORTUNITY
9. CHINA HIGH SPEED RAIL MARKET DRIVERS
9.1 Economic Growth & Greater Travel Demand
9.2 Rapid Urbanization
9.3 Presence of High-density Railway Corridors
9.4 Intermodal Competition
10. CHINA HIGH SPEED RAIL COMMERCIAL CHALLENGES
10.1 Inadequate Ridership
10.2 Safety Issues
10.3 Slowdown of Chinese Economy
11. CHINA HIGH SPEED RAIL SECTOR FUTURE OUTLOOK
LIST OF FIGURES
Figure 2-1: Top five Countries in terms of High Speed Rail Network Length (km), 2015
Figure 2-2: Share of Countries in Total High Speed Rail network Length (%), 2015
Figure 2-3: Global Inter-modal Shift Towards HSR (%), 2015
Figure 3-1: China - Rail Network Length by Types (km), 2016
Figure 3-2: China - Relative Share of Conventional & Rail & HSR in Total rail Network Length (%), 2016
Figure 3-3: China - Cumulative Length of Railway Network (km), 2008 - 2016
Figure 3-4: China - Cumulative Railway Passengers Volume (Billion), 2012 - 2016
Figure 3-5: China - Cumulative Length High Speed Rail Network (km), 2008 - 2016
Figure 3-6: China - Share of High Speed Trains & Other Trains in Total Number of Passenger Trains (%), 2016
Figure 3-7: China - Annual Ridership in High Speed Railway Network (Million), 2008 - 2016
Figure 3-8: China - Number of Railway Passengers including HSR (Billion), 2016
Figure 3-9: China - Share of High Speed Trains & Other Trains in terms of Ridership in Railways (%), 2016
Figure 3-10: China & Global Cost of High Speed Rail Services per km (US Cents), 2016
Figure 4-1: China – Railway Map
Figure 5-1: China - Projected Length of Railway Network (km), 2020 & 2030
Figure 5-2: China - Projected Length of High Speed Railway Network (km), 2020 & 2030
Figure 5-3: China - Projected Share of HSR Length in Total railway Network (%), 2020, 2025 & 2030
Figure 8-1: China - Current & Projected Output of Tourism Sector (US$ Billion), 2015 & 2020
Figure 8-2: China - Current & Project Number of Luxury Hotel Rooms (Million), 2016 &2025
Figure 8-3: China - Current & Projected Investment in Real Estate Sector (US$ Billon), 2016 & 2020
Figure 9-1: China - Growth in Urbanization of Population (%), 1990 & 2015
Figure 9-2: China - Projected Rate of Urbanized Population (%), 2020 & 2030
Figure 9-3: China - Average Distance Travelled in Various Modes of Transportation (km), 2016
Figure 9-4: China - Share of HSR Passengers in Total rail Passengers (%), 2012 & 2015
Figure 10-1: China - Distribution of Land Areas of Eastern & Western parts in (%), 2016
Figure 10-2: China - Population Distribution in Eastern &Western Parts (%), 2016
Figure 11-1: China - Planned Investment in High Speed Railway (Billion), 2016 till 2020
Figure 11-2: China - Projected Population (Billon), 2020 & 2030
Figure 11-3: China - Projected Urban Population Size (Million), 2020 & 2030
Figure 11-4: China - Projected Railway passenger Volume (Million), 2020, 2025 & 2030
Figure 11-5: China - Projected HSR Ridership (Million), 2020, 2025 & 2030
Figure 2-1: Top five Countries in terms of High Speed Rail Network Length (km), 2015
Figure 2-2: Share of Countries in Total High Speed Rail network Length (%), 2015
Figure 2-3: Global Inter-modal Shift Towards HSR (%), 2015
Figure 3-1: China - Rail Network Length by Types (km), 2016
Figure 3-2: China - Relative Share of Conventional & Rail & HSR in Total rail Network Length (%), 2016
Figure 3-3: China - Cumulative Length of Railway Network (km), 2008 - 2016
Figure 3-4: China - Cumulative Railway Passengers Volume (Billion), 2012 - 2016
Figure 3-5: China - Cumulative Length High Speed Rail Network (km), 2008 - 2016
Figure 3-6: China - Share of High Speed Trains & Other Trains in Total Number of Passenger Trains (%), 2016
Figure 3-7: China - Annual Ridership in High Speed Railway Network (Million), 2008 - 2016
Figure 3-8: China - Number of Railway Passengers including HSR (Billion), 2016
Figure 3-9: China - Share of High Speed Trains & Other Trains in terms of Ridership in Railways (%), 2016
Figure 3-10: China & Global Cost of High Speed Rail Services per km (US Cents), 2016
Figure 4-1: China – Railway Map
Figure 5-1: China - Projected Length of Railway Network (km), 2020 & 2030
Figure 5-2: China - Projected Length of High Speed Railway Network (km), 2020 & 2030
Figure 5-3: China - Projected Share of HSR Length in Total railway Network (%), 2020, 2025 & 2030
Figure 8-1: China - Current & Projected Output of Tourism Sector (US$ Billion), 2015 & 2020
Figure 8-2: China - Current & Project Number of Luxury Hotel Rooms (Million), 2016 &2025
Figure 8-3: China - Current & Projected Investment in Real Estate Sector (US$ Billon), 2016 & 2020
Figure 9-1: China - Growth in Urbanization of Population (%), 1990 & 2015
Figure 9-2: China - Projected Rate of Urbanized Population (%), 2020 & 2030
Figure 9-3: China - Average Distance Travelled in Various Modes of Transportation (km), 2016
Figure 9-4: China - Share of HSR Passengers in Total rail Passengers (%), 2012 & 2015
Figure 10-1: China - Distribution of Land Areas of Eastern & Western parts in (%), 2016
Figure 10-2: China - Population Distribution in Eastern &Western Parts (%), 2016
Figure 11-1: China - Planned Investment in High Speed Railway (Billion), 2016 till 2020
Figure 11-2: China - Projected Population (Billon), 2020 & 2030
Figure 11-3: China - Projected Urban Population Size (Million), 2020 & 2030
Figure 11-4: China - Projected Railway passenger Volume (Million), 2020, 2025 & 2030
Figure 11-5: China - Projected HSR Ridership (Million), 2020, 2025 & 2030
LIST OF TABLES
Table 1-1: Definition of High Speed Rail by maximum speed benchmark & type of track
Table 3-1: China - Railway Track Type & Length, 2015
Table 4-1: China - North-South (Vertical) HSR Corridors
Table 4-2: China - East-West (Horizontal) HSR Corridors
Table 4-3: China - Major Intercity HSR Lines
Table 4-4: China - Major HSR Lines (not included in National HSR Grid & Intercity High Speed Lines)
Table 1-1: Definition of High Speed Rail by maximum speed benchmark & type of track
Table 3-1: China - Railway Track Type & Length, 2015
Table 4-1: China - North-South (Vertical) HSR Corridors
Table 4-2: China - East-West (Horizontal) HSR Corridors
Table 4-3: China - Major Intercity HSR Lines
Table 4-4: China - Major HSR Lines (not included in National HSR Grid & Intercity High Speed Lines)
