That rate that China has expanded its network outstrips all other countries around the world. Shutterstock/ABCDstock
Source: https://www.railjournal.com/policy/chin ... year-plan/
Source: https://www.railjournal.com/policy/chin ... year-plan/China has changed its approach to the rail sector from network expansion to improving efficiency in its 14th five-year plan from 2021-2025, according to market analysts SCI Verkehr.
The [...] state railway is changing course with digitalisation and automation now set to play a more important role than network expansion.
Chinese rail technology companies have been investing heavily in the research and development of modern technology for years. The central government’s strategic plan “Made in China 2025,” issued in 2015, especially targets high-tech sectors, including part of the rail sector which is currently largely dominated by foreign companies.
SCI says this means that foreign rail technology companies will face increasingly more competition in the Chinese rail market. For example, foreign companies currently only have a 30% market share for some of the high-safety components on the new Fuxing high-speed trains, compared with 80% for the previous CRH model.
Simultaneously, Chinese manufacturers are increasingly targeting foreign markets, partly due to the weakening domestic demand.