Inside
Outlook for 12th five-year plan 4
More flexible passenger tariffs 12
Sustainability of development – Beijing-
Shanghai High Speed case study 13
China Railway Construction Co 19
Guangshen Railway 23
Zhuzhou CSR Times Electric 26
China Railway Group 28
China Communications Const Corp 32
China South Locomotive 34
Daqin Railway Company 37
Appendix I: High-speed railway project
construction summary 39
Appendix II: Background to fiscal
stimulus 41