The passenger rail market in China remains stable, but the country’s freight sector is under pressure due to slowing economic growth, intermodal competition, and a crisis in the steel, iron and coal sectors, according to a recent report.
China Railway reported a decline in rail freight of 13.7% of the total transport volume in 2015, the largest ever recorded annual decline in rail freight.
It is suggested that Chinese industrial companies will have to focus on international business to balance slowing developments in China.
China Railway is looking to strengthen its own maintenance capabilities so that it can conduct more after-sales services in-house, instead of contracting third parties.