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Chinese Rail & Infrastructure News

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Resuming service

Is it time to think about investing in China’s railways again?
Nov 25, 2011 (WiC 130)

After a disastrous summer, the Railway Ministry is working hard to restore public confidence in its trains. The most recent investigation into July’s Wenzhou train crash was released this week and blamed the accident, which killed 40 people, ...

Delays expected

New highway out of Shanghai on track: some new railways less so
Oct 28, 2011 (WiC 127)

The status of Chongming Island can prompt misunderstanding. Foreign observers might think it China’s second largest island, after Hainan. That would be almost unforgivable for Chinese nationals. Include Taiwan in the rankings, and Chongming ...

Troubled track record?

Latest subway crash deepens debate on rail industry’s health
Oct 7, 2011 (WiC 125)

Back in WiC23, we reported that the plans for Beijing’s subway were being outlined in an unapologetically bullish manner. ”Those who know nothing, fear nothing,” a senior boss for the city’s subway told the Beijing Times. It sounded ...

Investors don’t dig it

Sany braves grim market conditions before pulling out of Hong Kong IPO
Sep 23, 2011 (WiC 123)

Getting ‘listed’ has been very much on Liang Wengen’s mind this month. Liang is chairman of construction machinery giant Sany Group, founded in Hunan province in 1989 as a welding materials factory. And the first ‘list’ he made ...

Scandal-hit industry means tough times down the line
Aug 26, 2011 (WiC 119)

Since China first launched its stimulus package in 2008, investing in railway stocks has been a popular choice for domestic investors looking to gain exposure to the state’s massive infrastructure spend. Companies such as China Railway ...

Tragic high-speed rail crash has consequences for the entire economy
Jul 29, 2011 (WiC 117)

China’s first railway fatality occurred in 1876. According to the historian Robert Blake, a worker was run down by a locomotive during the construction of the Shanghai to Wusong rail line. The accident strengthened the conservative Qing ...

Embarrassment for high-speed train bosses
Jul 22, 2011 (WiC 116)

Mussolini may have a questionable legacy but the former dictator is said to have solved one of Italy’s most chronic problems: he got the trains to run on time. How? According to his biographer Denis Mack Smith, he told his Fascist ...

Taking their toll

Why China’s local governments view their roads as vital revenue tools
Jul 15, 2011 (WiC 115)

Warren Buffett says that the best place to put your money is ‘toll bridges’. Local government officials across China appear to agree with the world’s third richest man. And that’s a problem, as the proliferation of toll roads is fuelling ...

China’s reputation for building roads hits setback
Jul 15, 2011 (WiC 115)

Built just nine years after Spartacus was defeated by the Roman legions in the mountains of southern Italy, the brick and limestone Ponte Fabricio bridge continues to carry travellers across the Tiber River. The Ponte Fabricio’s two thousand ...

Japanese cry foul over Chinese high-speed trains
Jul 8, 2011 (WiC 114)

When it comes to on-time performance, Japanese trains take some beating: the average shinkansen (or bullet train) pulls into stations within six seconds of its scheduled time. That would astonish customers travelling on Network Rail, ...

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