Chinese airlines’ dreams of continued domestic growth are challenged by the rapid rise of high-speed rail.
The year 2012 may or may not bring the doomsday scenario prophesied in the sci-fi movie of the same name, but it is likely to be a very challenging one for China’s airlines as it has been designated the Year of High-Speed Rail by the Beijing government. And that could lead to the airlines getting their wings clipped. Over the past five years, China has made enormous strides in the development of a high-speed rail network. The first line, between Beijing and Tianjin, ...
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