morgen stanley_China High-Speed Rail摩根士丹利中国 高铁研究报告（2011.5）

  Table of Contents
How China’s High-Speed Rail is Reshaping the Economy...............................................................................
4
The High-Speed Rail System Overview..................................................................................................
11
Industry Implications................................................................................................................................................................
17
Tourism............................................................................................................................................................................
18
Restaurants......................................................................................................................................................................
21
Hotels...............................................................................................................................................................................
23
Budget Hotels...................................................................................................................................................................
26
Consumer Staples............................................................................................................................................................
28
Consumer Discretionary...................................................................................................................................................
32
Property...........................................................................................................................................................................
39
Rolling Stock....................................................................................................................................................................
43
Railway Infrastructure......................................................................................................................................................
47
Toll Roads........................................................................................................................................................................
49
Aviation............................................................................................................................................................................
52
Car Rental........................................................................................................................................................................
55
Appendix I: Hong Kong Traded Long Basket..........................................................................................................................
58
Appendix II: Global Long Basket.............................................................................................................................................
59