Rail Transport in the People'S Republic of China

Ministry cites SOEs for 'serious' rail flaws

The Ministry of Railways has cited several Chinese state-owned enterprises (SOEs) over 'serious' quality and safety flaws in 12 mainland rail lines.

Wednesday, 15 August, 2012, 11:23pm

Corruption claims force internal probes at S.O.E.s

A number of major mainland state-owned enterprises (SOEs) have been ordered to conduct internal investigations into claims that corruption might have affected up to a dozen railway projects.

Construction problems have surfaced recently in many rail projects across the country, according to China Economic Net, a mainland business news portal.

15 Aug 2012 - 11:11pm

Ex-rail chief's crimes detailed

The Ministry of Railways reportedly detailed six major crimes allegedly committed by its former minister Liu Zhijun during an internal briefing on Friday.

15 Aug 2012 - 11:07pm

Beijing pushes for key projects in infrastructure

In the face of a global economic slowdown, Premier Wen Jiabao has called for the launch of major infrastructure projects to draw private investment.

15 Aug 2012 - 10:46pm

A year after Wenzhou, top speeds go back up

Top speeds on the mainland's high-speed rail network, cut in the wake of a fatal crash a year ago, are set to be increased by 20km/h - a move that has divided academics.

The crash on July 23 in Wenzhou, Zhejiang, which killed 40 people and injured 172 others, forced the government to lower the top speed of high-speed trains from 350km/h to 300km/h.

22 Jul 2012 - 12:00am

CRCC will roll HK$99b into railways

State-owned China Railway Construction Corporation (CRCC) plans to spend 80.66 billion yuan (HK$99 billion) on infrastructure, urban development and property in the next three years, its bond prospectus says.

14 Jul 2012 - 12:00am

Fury as rail officials fired after accident get promoted

Two railway officials dismissed from their posts after an accident in Shandong province four years ago in which 72 people died have been appointed to new senior positions, triggering an outcry online.

17 May 2012 - 12:00am

Ministry's massive debt tipped to get a lot worse

The Ministry of Railways' huge debt will continue to increase, and rising costs will hurt its profitability, a state credit rating agency warns.

'The debt of the railways ministry will continue growing because rail construction projects will still need debt financing,' Dagong Global Credit Rating said in its report on the ministry's first short-term bond issue this year.

15 May 2012 - 12:00am

Rail shares fall in HK as ministry posts loss

Hong Kong shares of mainland rail firms fell after reports that the Ministry of Railways suffered a loss in the first quarter.

China Railway Group shares dived 4.6 per cent to HK$2.88 yesterday, while China Railway Construction Corporation (CRCC) dropped 3.2 per cent to HK$6.08, and CSR Corporation dipped 0.5 per cent to HK$6.18.

4 May 2012 - 12:00am

Drop in transport funding may signal hard landing

In further evidence that the mainland economy might be heading for a hard landing, the Ministry of Transport warned that transport infrastructure funding faces difficulties this year, after investment in roads, railways and other transport infrastructure all fell in the first quarter.

24 Apr 2012 - 12:00am

Rail chief warns next results will be derailed

China Railway Group yesterday warned that its first-half results would be hurt by the slowdown in rail spending but expected to increase orders for urban metro railways tenfold this year.

17 Apr 2012 - 12:00am

Railway builders forecast earnings drop this year

China Railway Group and China Railway Construction Corporation (CRCC), the companies that build most of the mainland's railways, expect lower earnings this year amid sharp falls in the nation's spending on railway projects.

The state-owned companies are listed in Shanghai and Hong Kong.

9 Apr 2012 - 12:00am

Ministry to be 'more flexible' on rail plans

Financial difficulties have forced the Ministry of Railways to loosen its grip on the development of local high-speed rail networks, according to an industry expert close to top decision makers.

30 Mar 2012 - 12:00am

China eyes British high-speed project

Chinese rail companies say they are considering bidding for a British high-speed rail project worth GBP32.7 billion (HK$391.7 billion), which yesterday won government approval.

11 Jan 2012 - 12:00am

Rail Ministry takes a back seat

In a departure from standard practice on the mainland, a company owned by the Guangxi Zhuang Autonomous Region's government will play a major role in the investment, construction and operation of the province's railway, with the Ministry of Railways taking a lesser role.

6 Jan 2012 - 12:00am