Railway investment in China reached 808 billion RMB in 2014, making it the highest investment total for four years.
The figure was announced by general manager Sheng Guangzu, at the China Railway Corporation working conference in Beijing on January 29. In his presentation he also revealed that 8,427 km of new railway lines were built in 2014.
They have high hopes for 2015 as well- current predictions have forecast that 2015 railway investment will reach 810 billion RMB and the mileage of railway lines across the country will reach 140,000 km.
Source: thepaper.cn
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Keywords: Railway Investment in China Reaches 4 Year High of 808 Billion RMB
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How much of that money is actually going into the train transportation system? Last time I checked their computer database servers are out of date, their logistics are completely unbalanced and I'm still not allowed to order my ticket online because I don't have a Chinese ID.
Jan 31, 2015 00:32 Report Abuse
You are allowed to order train tickets online as a foriegnwr but must pick the tickets up at station booking offices. My assistant did this for me only this week for journeys on the Hangzhou East to Shanghai Hongqiao line.
Jan 31, 2015 16:38 Report Abuse
thats not true , i am living in china , every thing is up to date , and how china reformed its railway its unbelivable . awesome trains , G trains are super fast more then 300KM/h i am working in another province , i always use this G luxery train , never late , clean , and cover 900KM in 3 hours.And you can book your online ticket from www.travelguidechina.com .
Feb 01, 2015 08:41 Report Abuse
'How much of that money is actually going into the train transportation system?' Less than half would be my guess, one-third is more likely. Standard corruption practice in china is multiply whatever construction project cost by two, meaning the original (real) project sum, in this case RMB 404 billion, goes to bribes. The standard split is 50/50 between government officials involved and private entities which include contractors, sub-contractors, banking officials, suppliers....etc. meaning RMB 202 billion ends up in the pockets of relevant officials, the other RMB 202 billion goes to business owners of the private sector. The anti-corruption shows would, of course, continue to run. China has 5000+ years of experience in putting on anti-corruption shows 'for' its people and in today's world, other countries (the face thing). I would say the shows successfully fooled quite a few naive folks in the West. What most don't know about are the counter measures from 'below', 5000+ years of experience in that too. Chinese emperors had been playing the game of appeasing all to keep their THRONE safe, for 5000+ years. You really are dealing with pros here. CCP is playing the same game their predecessors play. PLA - people's liberation army, LOL. There is nothing new under the sun in this regard. Without democracy shows like these are bound to keep on running. Notice the timing of the anti-corruption shows, comes after 40+ years of corruption? They didn't know about it earlier? LOL Yet, a couple of hundred billions rmb is still mickey mouse, wait till you find out the figures involved in CCP's oil (petroleum) cartel group, the Shanxi group, the princes group, and others.....So, do you believe in China's GDP figure? For the currencies speculators, food for thoughts as to how worthly the RMB is, errh? LOL
Feb 01, 2015 09:36 Report Abuse
Ghost cities and stolen technology trains. Let's see how long you can prop up your corruption based, fake GDP, china.
Jan 30, 2015 20:18 Report Abuse
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