China Railway Stocks Back on Track

570 Views20 May 2024 00:53
Boomeranged on Fri, 14 Jun 2024 04:51
China has announced two significant launches in its High Speed Rail network. The HK-Beijing and HK-Shanghai sleeper trains will cut travel time in half (to 12.5 hours and 11 hours respectively) and will start tomorrow. Also, China also will launch its HSR loop in Yangtze River Delta on Saturday which connects Shanghai and regional hubs to more remote cities and integrate with other HSR lines.
SUMMARY
  • China has unveiled measures to emphasize a major push for passenger and freight movement by railroad
  • Rolling stock companies play catch-up from the COVID under-investment years
  • High speed freight trains on near term horizon to compete with highway for e-commerce business
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
chart-bar
x