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- W567818047 abstract "Chinese Railways (CR) is being reorganised along more market-oriented lines and is opening itself to advanced technology from outside the country as it tries to satisfy a voracious national appetite for rail capacity. While CR's business has been increasing steadily for years, market share has been slipping, partly because of a massive increase in road infrastructure and greater competition from internal air services. Liberalisation in China is increasing the ability of CR to obtain financing. It is planned to spend the equivalent of US$42.3 billion on infrastructure works including 7000km of new lines and new and upgraded trains. This level of finance is considered inadequate. A greater emphasis on separating freight and passenger traffic is expected. Ten major projects are listed including high speed services. Increasing line speed has reduced journey times, increasing the distances travelled, and increased track capacity. Freight demand has increased markedly but increases in efficiency have not enabled CR to meet demand. Economic reform of the railway industry began in 1999 with the implementation of asset management responsibility and devolvement of administrative responsibility." @default.
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- W567818047 title "THE SLEEPING DRAGON AWAKES" @default.
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