China Railway Innovation Summit 2009

14.10.2009 — 16.10.2009

China, Beijing

No doubt, China is the most promising railway market in the world now. The time period from now on to 2020 can be referred to as the golden 10 years for Chinese railway development.

Everyone is talking about the 2-trillion railway investment; then what is the real value behind the stimulative plan?

In 2008 and 2009, more and more provinces in China have founded regional railway investment corporations responsible for the development and financing of local railways.

Pressure on the Ministry of Railways to find the billions needed for all this expansion may eventually force it to loosen its grip on pricing and cede control of at least some of these railroads. This pricing policy is politically smart but commercially ruinous. Only 16 of China's 26 joint-venture railway companies ― each of which involves the Ministry and often local governments as well ― are marginally profitable, according to UBS. The rest chug along in the red.

However, the development plan of high-speed railways excites everyone. From the business condition of several railways already in use, the average seating rate of the Multiple Units has reached 90% which accelerates the investment plan of the provincial governments.
Considering the pressing domestic demands for energy sources and vast distances between the providers and the receivers, the development of freight railways is always an important issue.

Our two-day railway conference this year will start with the railway development carried out by provincial governments and offer a detailed and full-scale plan for Chinese railway investment. The conference will be focused on the construction and prosecution of domestic high-speed railways and freight railways; the electrification of railways, etc. We will also search for techniques and equipments suitable for the Chinese market and your value in it.
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