The Railway Construction Process Will Not Change To &Nbsp; The Development Of Railway Freight Pport Is The Focus Of Increasing Revenue.

Passenger and freight pport increased significantly, and railway construction benefits began to be reflected.

In 2010, the railway passenger and freight volume increased significantly, and achieved the best results in history. In 2010, the passenger volume of the railway reached 1 billion 680 million passengers, an increase of 9.9% over the same period last year, and the passenger turnover volume reached 876 billion 220 million km, an increase of 11.2% compared with the same period last year. The railway freight volume was 36.3 million tons, an increase of 9.3% over the same period last year. The growth of railway passenger and freight traffic has a great relationship with economic growth. On the other hand, the role of railway construction in promoting passenger and freight pport has begun to be reflected.

Railway Construction in China is lagging behind and externalities are obvious. We believe that the railway construction process will not change.

Large scale construction has made the railway liabilities increase substantially. At present, the railway debt ratio is relatively high. In the future, it faces huge capital expenditure and the pressure of railway funds.

However, we believe that the railway construction process will not change. China's railway construction has lagged behind the national economic development for a long time. The large-scale construction is the necessary way to make up for the past deficiencies and relieve the railway's constraint on economic development. At the same time, the railway has obvious advantages compared with other modes of pport. Strengthening railway construction is the necessary choice for industrial development and supporting industrial pfer.

We think there is a need for high-speed rail construction, but some of the lines and grades may be adjusted.

In 2015, the planning and construction of the high speed railway is about 16 thousand kilometers. The high-speed rail is the most effective way to increase passenger pport capacity and release railway freight pport capacity.

Due to the high investment in rail construction, which accounts for about half of the future investment of the railway, and with the increasing pressure on Railway funds, the construction of the high-speed railway may be adjusted for the sake of alleviating financial pressure and considering economic benefits more.

From the point of view of the line, we believe that the construction of the four vertical four horizontal main lines will remain unchanged, and other connecting lines and intercity passenger pport networks may be adjusted, and the grade of the lines may be reduced.

By increasing railway freight capacity, adjusting freight rates, increasing railway freight revenue, relieving financial pressure.

In the short term, improving railway freight capacity, developing railway freight products and increasing railway freight revenue are a way to ease financial strain.

Measures such as investment in railway facilities, pformation of lines, and pportation efficiency should be taken to improve and make good use of existing and new pport capacity.

In railway freight products, heavy cargo overload and rich railway freight products are the development direction of high value-added products, and thus occupy a larger market share.

Similarly, in view of relieving the pressure of funds, we believe that the price of railway freight is likely to be adjusted in the second half of the year.

The railway "12th Five-Year plan" predicts that by 2015, China's railway freight volume will be 48 billion tons, and the compound growth rate will be 5.7%.

Container is the focus of railway freight development.

Railway container is an important direction for the development of railway freight pport. At present, the containerization rate is low in China, and the development of container is restricted by insufficient capacity.

Container pport also benefits from the new line construction, the upgrading of existing lines and the increase of pport capacity caused by passenger and cargo separation. By increasing the proportion of five scheduled trains, flexible railway freight organizations and container yard construction can better meet the needs of container pport. By 2015, the capacity of container containers is expected to double.