Analysis of the Mistaken Policy for China's High Speed Rail

Abstract

The operation of Beijing-Tianjin HSR line in 2008 indicates the coming of a fast development period of China's HSR. The expensive construction costs, high ticket fares and their impacts to China's passenger transport market and national economy have aroused extensive attention from various circles of the society. The paper try to analyse the mistaken policy of China's HSR with a special concern to its impacts to public interests as well as the long term national economy based on an evaluation to the financial and social effects for China's HSR lines.