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China Locomotive & Rolling Stock Industry Report, 2005-2006

Published: Oct/2006

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In china, locomotive & Rolling Stock and Multiple Units are important means of railway transportation which undertake the utmost passenger and material transportation. Almost all traffic transportation industries have some relations with the manufacturing of locomotive & Rolling Stock and Multiple Units.

The railways, as the artery of national economic and the development of the whole society, always take the first position in China transportation means. Locomotive & Rolling Stock and Multiple Units, accordingly shoulder the mission of passenger and freight transportation. The efficiency in railway transportation has been improved constantly ever since 2003. Transportation revenue in 2003 increased by 4.4% while that of 2004 increased by 20.9%. 2005 created transportation revenue of RMB203.3 billion, increasing by 13.3% year-on-year. All these achievements set a new record in the history of China railway transportation.

Increase of Railway Transportation Revenue, 2001-2005
Unit: RMB billion



With the great support of Chinese government, Locomotive & Rolling Stock was started and soon grew to be an important force in the national economy. In 2000, Historic innovation happened to the industrial management system of Chinese Locomotive & Rolling Stock industry and the monopoly situation changed to some extent. After China Locomotive & Rolling Stock Group separated from the Ministry of Railways, two group companies i.e. China Northern Locomotive & Rolling Stock Industry (Group) Corporation and China South Locomotive and Rolling Stock Industry (Group) Corporation were set up through reform and merger.

After China entry into WTO, favorable loan terms are offered to the foreign companies by Chinese government. International well-known manufacturers grasp these golden opportunities of the policies, through either lease or cooperating in joint ventures. Products, capital and technologies into domestic market by this means; inevitably, severe challenge is brought to China locomotive manufacturing industry.
 
Only professionalized talents can adopt the advanced technologies widely and rapidly, thus to improve the performance and quality of the products and lower down the cost. And only in this way, can various specific and professional manufacturers form. Thus, a good platform of purchase bidding for Locomotive & Rolling Stock manufacturers is available. In addition, a well combination of Production-Study-Research is crucial in the development of Locomotive & Rolling Stock manufacturing. In the modern society, China still has a lot to do to turn science results rapidly into productivity through practice. That is how China Locomotive & Rolling Stock industry can share a place in the fierce competition.

This report provides detailed information on producing, sales, marketing, industry structure, production and the import& export, based on data from Nation Bureau of Statistics of China, China Customs and China Mechanics Industry Association. It also offers reference of the development trend in the related industries and forecasts the prosperity of China Locomotive & Rolling Stock.



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