Retrospective Analysis of the Railway Sector, 1997-2005
This study looks back at the main achievements, issues, and challenges faced by the People's Republic of China railway subsector during the study period from 1997 to 2005.
The key challenges facing the railway sector of the People's Republic of China (PRC) at the beginning of 1997 can be summarized as follows:
- How to technically increase railway capacity to reduce the persistent gap between demand and supply as quickly and efficiently as possible.
- How to pay for the service enhancements and the expansion of railway capacity.
- How to modernize institutional structures in line with the move to an efficient socialist market economy.
- How to create strong incentives for enhancing performance (quality as well as quantity and efficiency) in what would remain at least until the present time a state-owned monopoly in the provision of railway mainline operating services.
- How to lay a careful foundation for, and begin to introduce, competition in the railway supply and support industries.
- How to lay a careful foundation for the subsequent introduction of competition in mainline railway operations, including the necessary adaptations related to the PRC's entry into the World Trade Organization.
- Key Issues in the Railway Sector
- How to Technically Increase Railway Capacity to Reduce the Gap between Demand and Supply as Quickly and Efficiently as Possible
- How to Pay for Service Enhancements and the Expansion of Railway Capacity
- How to Modernize Institutional Structures in Line with the Move to an Efficient Socialist Market Economy
- How to Create Strong Incentives for Enhancing Performance in a State-Owned Monopoly in the Provision of Railway Mainline Operating Services
- How to Lay a Careful Foundation for, and Begin to Introduce, Competition in the Railway Supply and Support Industries
- How to Lay a Careful Foundation for the Subsequent Introduction of Competition in Mainline Railway Operations