The global leader in superfast rail networks could find it needs to slow down and have a think about it. It appears break-even for the system is a long way down the line
China now has the longest network of high-speed trains in the world, stretching 8,358km and growing.
So you would think the Chinese masses criss-crossing this large country to celebrate the Lunar New Year recently would be zipping across the nation in comfort.
But as always in China, the ground-level reality differs from the cheery news dished out by the officials. The queues of migrant workers trying to return home were as bad as ever and there was an active black market in train tickets, mainly the cheaper ones.
The truth is most Chinese cannot afford to take the high-speed trains because they come with high ticket prices, sometimes even more than the airfare for the same destination.
Evidence is emerging that the high-speed train system, while it looks good to foreigners and well-off Chinese, may be a white elephant project to which all centrally planned economies are prone.
The investment reality is these train systems are not only expensive to build, they are expensive to maintain.
This means there is not much hope in the foreseeable future of ticket prices coming down if the system is to break even at the operating level, let alone recoup the enormous investments being made.
The ministry of railways is investing 700 billion yuan (Dh390.14bn) a year and the network will increase by more than 30 per cent to about 13,000km by next year, which means the problem of breaking even will be exacerbated in coming years.
Faced with a public that is unwilling to subsidise the prestige by buying expensive tickets the railways, which are a monopoly, are doing what a monopolies are wont to do - cutting back the services of slow-speed trains so passengers will be forced on to the high-speed network.
Of course, the migrant workers, who already spend a good portion of their wages on transport back home for the only long holiday they get during the Chinese New Year, were not happy about this.
Unable to get the cheap train tickets, some of them started travelling on the buses, which are less suited for long-distance travel and further congest the roads.
For too long the "greens" and others concerned about the environment and the need for "alternative" energy have considered the railways and the fast-speed trains a panacea.
China is not only racing ahead with the trains connecting different cities but also with the metros connecting areas within cities.
There are about 1,400km of urban railways in China but the network is forecast to grow to 2,200km by 2015, and China is expected to overtake the US in having the longest urban railway network as early as next year.
The speed of construction is unprecedented and there are fears that even the respected Chinese engineering skills may be severely tested trying to maintain quality at such breakneck speeds.
The economic and environmental case for urban rail networks is better than that for the intra-city, high-speed trains.
But it remains to be seen whether the urban networks, extremely complicated projects at the best of times, built at great speed in China may be prone to problems in the future.
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COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
Key products and UAE prices
iPhone XS
With a 5.8-inch screen, it will be an advance version of the iPhone X. It will be dual sim and comes with better battery life, a faster processor and better camera. A new gold colour will be available.
Price: Dh4,229
iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
Price: Dh4,649
iPhone XR
A low-cost version of the iPhone X with a 6.1-inch screen, it is expected to attract mass attention. According to industry experts, it is likely to have aluminium edges instead of stainless steel.
Price: Dh3,179
Apple Watch Series 4
More comprehensive health device with edge-to-edge displays that are more than 30 per cent bigger than displays on current models.
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Company%20Profile
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From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
What is Genes in Space?
Genes in Space is an annual competition first launched by the UAE Space Agency, The National and Boeing in 2015.
It challenges school pupils to design experiments to be conducted in space and it aims to encourage future talent for the UAE’s fledgling space industry. It is the first of its kind in the UAE and, as well as encouraging talent, it also aims to raise interest and awareness among the general population about space exploration.
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
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ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
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How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
The specs
Engine: 3.0-litre six-cylinder MHEV
Power: 360bhp
Torque: 500Nm
Transmission: eight-speed automatic
Price: from Dh282,870
On sale: now
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