Where is the busiest railroad passenger system in the world? China always impresses by numbers, and this is not different when it comes to transportation.
China Railway announced that the number of passenger railway trips in the first three quarters of 2019 was up 9.4% from last year, reaching 2.8 billion.
Around 1.73 billion passenger trips were made on bullet trains from January to September, up 15.3 percent year on year.
During the period, 8,538 trains for passenger transport were put into service per day with bullet trains accounting for 71.6 percent. Fuxing bullet trains share 12 percent of the total bullet trains.
China Railway has piloted electronic tickets, optimized the standby ticket purchasing process and implemented a favorable ticket purchasing strategy for elderly people and children to provide better traveling experiences.
China Railway or CR, is a state-owned sole proprietorship enterprise that undertakes railway passenger and cargo transportation services in the People’s Republic of China and is a state-owned industrial enterprise established under the “Law of the People’s Republic of China on All-Ownership Industrial Enterprises.” The Ministry of Finance acts on behalf of the State Council to perform the duties of shareholders. It used to be part of the now-defunct Ministry of Railways. China Railway operates passenger and freight transport via 21 subsidiaries.
China Railway previously had its own railway police force, prosecutors office and court system. The police department of the railway is still under the control of the company. The status of the police is civil service of Ministry of Public Security, but they are still paid and managed by the company.
On June 18 2019, China Railway Corporation is reorganized as China State Railway Group Co.,Ltd. under China’s Corporate Law, instead of Industrial Enterprises Owned by the Whole People Law. It means the Ministry of Finance would act as an investor on behalf of the state and the company would be lead by a board and managed by board-chosen executives.
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WHAT TO TAKE AWAY FROM THIS ARTICLE:
- China Railway or CR, is a state-owned sole proprietorship enterprise that undertakes railway passenger and cargo transportation services in the People’s Republic of China and is a state-owned industrial enterprise established under the “Law of the People’s Republic of China on All-Ownership Industrial Enterprises.
- It means the Ministry of Finance would act as an investor on behalf of the state and the company would be lead by a board and managed by board-chosen executives.
- China Railway announced that the number of passenger railway trips in the first three quarters of 2019 was up 9.
