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China Railway Group Limited: A Giant in Global Infrastructure Development
Introduction:
China Railway Group Limited (CREC) isn't just a company; it's a global infrastructure powerhouse, a symbol of China's engineering prowess and a key player in shaping the world's landscapes. This comprehensive guide delves deep into CREC, exploring its history, operations, projects, challenges, and future prospects. We'll uncover the secrets behind its success, analyze its impact on global development, and discuss its role in the ever-evolving world of infrastructure construction. Whether you're an investor, a student of international business, or simply curious about the forces shaping modern infrastructure, this post offers valuable insights into one of the world's most influential construction companies.
1. A Historical Overview of China Railway Group Limited:
From its humble beginnings as a state-owned enterprise, CREC has undergone a remarkable transformation. Tracing its roots back to the formation of the People's Republic of China, the company evolved through various mergers and reorganizations, consolidating its position as a leader in railway construction. This section will detail key milestones in its history, highlighting its growth trajectory and the pivotal moments that shaped its current global dominance. We’ll explore how government policy, economic reforms, and technological advancements fueled its expansion, transforming it from a primarily domestic player to a major force in international infrastructure projects. This includes analyzing its strategic partnerships and acquisitions that broadened its capabilities and global reach.
2. Core Business Operations and Services:
CREC's operations extend far beyond simply laying tracks. This section will break down the diverse range of services offered, from the design and construction of high-speed rail lines and conventional railways to urban rail transit systems, highways, bridges, tunnels, and even real estate development. We'll explore the company's vertically integrated structure, showcasing its capacity to handle all aspects of a project, from initial planning and feasibility studies to financing, construction, and subsequent maintenance. This integrated approach allows for efficient project execution and cost management, contributing significantly to its success.
3. Notable Projects and Global Impact:
CREC's portfolio boasts some of the world's most ambitious and impressive infrastructure projects. This section will highlight some of its flagship achievements, demonstrating its engineering capabilities and global reach. We'll examine high-profile projects across continents, analyzing their technical complexities, logistical challenges, and the positive impacts (and potential negative impacts) these projects have had on local economies and communities. This analysis will include case studies showcasing successful project delivery as well as instances where challenges arose and how they were addressed.
4. Financial Performance and Investment Strategies:
Understanding the financial strength and investment strategies of CREC is crucial to comprehending its global impact. This section will analyze the company's financial performance, including revenue, profitability, and market capitalization. We'll delve into its financial reporting, exploring its investment strategies and debt management practices. Discussions will include assessing the company’s risk profile, evaluating its financial sustainability, and examining its potential for future growth in light of global economic trends.
5. Challenges and Future Outlook:
While CREC has achieved remarkable success, it faces ongoing challenges. This section will explore the challenges the company faces, including geopolitical risks, fluctuating commodity prices, environmental concerns, and intense competition in the global infrastructure market. We’ll analyze how the company adapts to these challenges and its strategic planning to mitigate potential risks. This also includes considering the role of sustainable development and ESG (Environmental, Social, and Governance) factors in shaping CREC's future. The section will conclude with a forward-looking perspective on CREC’s future trajectory and its likely role in shaping global infrastructure in the coming decades.
Article Outline:
Title: A Deep Dive into China Railway Group Limited: History, Operations, and Global Impact
I. Introduction: Hooking the reader and providing an overview of the article.
II. Historical Overview: Tracing CREC's development from its origins to its current global standing.
III. Core Business Operations and Services: Detailing the diverse services offered by CREC.
IV. Notable Projects and Global Impact: Highlighting significant projects and their global implications.
V. Financial Performance and Investment Strategies: Analyzing CREC's financial health and investment approaches.
VI. Challenges and Future Outlook: Examining current challenges and predicting future prospects.
VII. Conclusion: Summarizing key findings and offering final thoughts.
(The detailed content for each section is provided above in the main article body.)
FAQs:
1. What is the primary business of China Railway Group Limited? CREC's primary business is the design, construction, and operation of various infrastructure projects, primarily focusing on rail transportation but extending to highways, bridges, and urban development.
2. Is China Railway Group Limited a publicly traded company? While it was previously listed, CREC is currently a state-owned enterprise and its shares are not publicly traded on major stock exchanges.
3. What are some of CREC's most significant international projects? CREC has been involved in numerous high-profile projects globally, including high-speed rail lines in Africa, Southeast Asia, and Europe, as well as major highway and bridge projects across various continents. Specific project names should be researched for accurate inclusion.
4. What are the major challenges facing CREC in the current global environment? CREC faces challenges including geopolitical instability, fluctuations in material costs, competition from other international contractors, and increasing environmental regulations.
5. How does CREC contribute to sustainable development? CREC is increasingly incorporating sustainable practices into its projects, including using environmentally friendly materials and focusing on energy efficiency. Details of specific sustainable initiatives should be researched and included.
6. What is the future outlook for China Railway Group Limited? The future outlook for CREC is positive, driven by ongoing global infrastructure development needs and its established expertise. However, continued adaptation to evolving global conditions is crucial for sustained success.
7. How does CREC’s business model compare to other global infrastructure companies? A comparative analysis of CREC's business model with other leading global infrastructure companies would reveal its strengths, weaknesses, and unique aspects.
8. What role does CREC play in China's Belt and Road Initiative? CREC plays a significant role in the Belt and Road Initiative, undertaking many projects under the initiative's umbrella, furthering connectivity and infrastructure development across Eurasia and beyond.
9. What are the ethical considerations surrounding CREC's projects? Discussions of ethical considerations surrounding the company's global projects, including labor practices, environmental impact, and community relations, are crucial for a complete picture.
Related Articles:
1. China's Belt and Road Initiative and its Impact on Global Infrastructure: Examines the BRI's role in shaping global infrastructure development and CREC's contribution.
2. The Rise of High-Speed Rail: Technology, Economics, and Global Implications: Discusses the technological advancements and economic impact of high-speed rail, with CREC's role highlighted.
3. Sustainable Infrastructure Development: Challenges and Opportunities in the 21st Century: Explores sustainable practices in infrastructure development and CREC's approach.
4. Geopolitical Risks in International Infrastructure Projects: Analyzes the geopolitical risks associated with large-scale infrastructure projects and how CREC navigates them.
5. The Role of State-Owned Enterprises in Global Infrastructure Development: Focuses on the role of SOEs like CREC in the global infrastructure market.
6. Financial Risk Management in Large-Scale Infrastructure Projects: Examines the financial risks associated with large-scale projects and CREC's risk mitigation strategies.
7. Comparative Analysis of Global Infrastructure Companies: Compares CREC to other leading international infrastructure companies.
8. The Impact of Infrastructure Development on Economic Growth: Discusses the economic impact of infrastructure development and CREC's contribution.
9. Environmental Impact Assessment and Mitigation Strategies in Infrastructure Projects: Explores the environmental impact of infrastructure projects and CREC's efforts toward mitigation.
| china railway group limited: Opportunities and Innovations at the New Development Stage in China：RDI Annual Platform Enterprises Report（2021） 赵白鸽, 黄奇帆, 2022-10-28 本书是《新发展阶段企业的机遇与创新——蓝迪平台企业发展报告（2021）》的英文版，主要内容涉及：介绍蓝迪企业平台围绕产业和企业发展的相关工作；回顾蓝迪平台企业及项目情况，重点介绍了2021年挖掘、培育、推介的15家重点企业的情况；介绍“一带一路”背景下蓝迪平台企业的产业布局及相关情况；介绍蓝迪国际智库团队建设的情况，并附上蓝迪平台企业名单。 |
| china railway group limited: China's High-Speed Rail Development Martha Lawrence, Richard Bullock, Ziming Liu, 2019-06-24 Over the past decade, China has built 25,000 km of dedicated highspeed railway—more than the rest of the world combined. What can we learn from this remarkable experience? China’s High-Speed Rail Development examines the Chinese experience to draw lessons for countries considering investing in high-speed rail. The report scrutinizes the planning and delivery mechanisms that enabled the rapid construction of the high-speed rail system. It highlights the role of long-term planning, consistent plan execution, and a joint venture structure that ensures active participation of provincial and local governments in project planning and financing. Traffic on China’s high-speed trains has grown to 1.7 billion passengers a year. The study examines the characteristics of the markets for which high-speed rail is competitive in China. It discusses the pricing and service design considerations that go into making high-speed rail services competitive with other modes and factors such as good urban connectivity that make the service attractive to customers. One of the most remarkable aspects of the Chinese experience is the rapid pace of high-quality construction. The report looks at the role of strong capacity development within and cooperation among China Railway Corporation, rail manufacturers, universities, research institutions, laboratories, and engineering centers that allowed for rapid technological advancement and localization of technology. It describes the project delivery structures and incentives for delivering quality and timely results. Finally, the report analyzes the financial and economic sustainability of the investment in high-speed rail. It finds that a developing country can price high-speed rail services affordably and still achieve financial viability, but this requires very high passenger density. Economic viability similarly depends on high passenger density. |
| china railway group limited: Administrative Monopoly In China: Causes, Behaviors, And Termination Hong Sheng, Nong Zhao, Junfeng Yang, 2015-03-05 Administrative Monopoly in China: Causes, Behaviors, and Termination is a further work of our previous book, China's State-Owned Enterprises: Nature, Performance and Reform. This new book analyzes the SOEs with respect to monopoly, and focuses on six industries: telecommunication, petroleum, railway, salt, banking and football.The book tells the history of how administrative monopolies were formed in China, analyzes the factors responsible for this, describes the behaviors of administrative monopoly, enterprises, and individuals against the monopolistic background, and presents data on the losses brought about by the administrative monopolies. |
| china railway group limited: Chinese Railways in the Era of High Speed Zhenhua Chen, Kingsley E. Haynes, 2015-09-07 This book reflects on experiences in other countries and makes recommendations for improving the capability and capacity of institutions and organizations, in order to achieve sustainable development of the Chinese high-speed railway (HSR) system. |
| china railway group limited: China's Grand Strategy Sarwar A. Kashmeri, 2019-07-19 In the Great Game of the 21st century-gaining leadership and influence in Asia-the United States is rapidly being outflanked by China, which is investing in infrastructure, connectivity, and supply chains on an unprecedented global scale. In this first book to use China's Belt and Road Initiative, previously known as China's New Silk Road, as a point of departure to explain why and how China is about to supersede America with regard to influence in Asia, Sarwar A. Kashmeri argues that the United States has a narrow window of opportunity to find a way to fit into a world in which the rules of the game are increasingly set by China. U.S. opposition to the Belt and Road Initiative is doomed to failure, so America must find creative ways to engage China strategically, and he warns that the window to do so is closing fast. The Belt and Road Initiative is China's ambitious project to connect itself to more than 70 countries in Central Asia, Europe, Africa, and the Middle East through new roads, rails, ports, sea lanes, and air links. This cornerstone of Chinese foreign policy under President Xi Jinping is positioning China at the center of over half of world trade, and the loss of American influence and power could well lead to the end of the postwar liberal world order. Far more than merely an infrastructure investment, the Belt and Road Initiative is a masterful grand strategy to create nothing less than a new world order based on the Chinese model of government and its financial institutions. Yet, as the passing of the baton of world leadership takes place, the United States seems curiously incapable or uninterested in devising a counterstrategy. Even though the United States will no longer have the largest economy in the world, it will still be a powerful and rich country with global alliances. |
| china railway group limited: Chinese State Owned Enterprises in West Africa Katy Ngan Ting Lam, 2016-12-08 This book investigates the globalization process of Chinese state-owned enterprises (SOEs) in West Africa, primarily in Benin and Ghana, based on ethnographical studies. It challenges the dominant vision of a powerful China in Africa, and argues that the so-called Chinese business advantages – monolithic Chinese state and Chinese low cost advantages, are non-viable for sustaining Chinese business development in the continent. Considering the Chinese SOEs globalization process in a relational approach, this book examines how the triple embeddedness (Chinese, African and managerial) shapes the Chinese SOEs globalization process over time and space, in diverse dimensions and among different entities – the Chinese state, Chinese SOEs, Chinese expatriates, the African government, African business partners, African staff, and the African society. It illustrates that the Chinese central state has retreated deliberately from its SOE globalization in Africa. The Chinese SOEs and Chinese expats are the major actors in initiating and inventing globalization strategies, facing limited Chinese state support and the African neopatrimonial governance and social contexts. Besides, the personal trajectories (from expatriation to social promotion) of Chinese SOE expats interweave with the globalization-turn-localization of their SOEs in Africa. Rejecting the linear, static and binary vision of powerful China in powerless Africa, the present study thus emphasizes power dynamics in Chinese SOEs’ globalization process are organic and pluralistic though in certain extent hierarchical –second-class. Time and local relations are key elements constituting the real Chinese advantages for Chinese SOEs vis-a-vis their ultimate competitors – not Western companies, but other Chinese companies. |
| china railway group limited: Currency Internationalization and Macro Financial Risk Control International Monetary Institute, 2018-08-10 This book collects expert opinions, research, and risk assessments from within the Chinese financial policy establishment on prospects for the internationalization of the renminbi as a reserve currency around the world. As China's economy diversifies in the acquisition of global assets, the renminbi may partially displace the dollar or yen as a reserve currency, with unpredictable and profound potential consequences. This book, presenting for the first time in English, the Chinese perspective on the internationalization of the Chinese currency will be of great value to central bankers, financiers, and students of international finance. |
| china railway group limited: Asian-Pacific Rim Logistics Peter J. Rimmer, 2014-11-28 Encompassing China, Japan, South Korea and Southeast Asia, extending to Australasia and connecting with South Asia, the Asian-Pacific Rim forms the world�s most dynamic economic region. Comprehending the region�s logistical structure and its institutio |
| china railway group limited: State-permeated Capitalism in Large Emerging Economies Andreas Nölke, Tobias ten Brink, Christian May, Simone Claar, 2019-08-30 This book systematically analyzes the economic dynamics of large emerging economies from an extended Comparative Capitalisms perspective. Coining the phrase ‘state-permeated capitalism’, the authors shift the focus of research from economic policy alone, towards the real world of corporate and state behaviour. On the basis of four empirical case studies (Brazil, India, China, South Africa), the main drivers for robust economic growth in these countries from the 2000s until the 2010s are revealed. These are found, in particular, in mutual institutional compatibilities of ‘state-permeated capitalism’, in their large domestic markets, and beneficial global economic constellations. Differences in their institutional arrangements are explored to explain why China and India have been more economically successful than Brazil and South Africa. The authors highlight substantial challenges for the stability of state-permeated capitalism and assess the potential future growth, sustainability and likely pitfalls for these large emerging economies. Opening further avenues for empirical and theoretical research, this book raises questions for the future of the global economic order and should appeal to academics, graduate students and advanced undergraduates in politics, economics, economic sociology and development studies. It should also prove a worthwhile and provocative read for development practitioners and policy-makers. |
| china railway group limited: Hazard-causing System and Assessment of Water and Mud Inrush in Tunnel Shucai Li, Zhenhao Xu, Xin Huang, Yuchao Du, 2023-05-18 This book is composed of eight chapters, introducing the authors’ research and application achievements in the hazard-causing system and disaster evaluation of water and mud inrush in tunnels over the past 10 years. Through a large number of case studies and analysis, and on the basis of existing research, this book puts forward 3 categories and 11 types of tunnel water and mud inrush hazard-causing systems and 4 typical water and mud inrush disaster-forming modes. The authors carefully study the typical cases of tunnel water and mud inrush hazard-causing system, discuss the types of karst water system, structural characteristics, macro-geological identification, engineering identification, karst tunnel route selection principles and evaluation methods in detail, and then develop a dynamic evaluation method of tunnel water and mud inrush construction risk interval and an evaluation method for the resistance body. Ultimately, the authors put forward a systematic identification method of tunnel water and mud inrush disaster, which integrates geological identification, geophysical exploration identification, and drilling identification, and construct a dynamic management and analysis platform for tunnel water and mud inrush cases. This book is used as a reference book for teachers, graduate students, and undergraduates in colleges and universities of civil engineering, transportation, water conservancy and hydropower, mining, geology, etc., and also as a reference for technicians in related engineering fields. |
| china railway group limited: China's Bilateral Relations with Its Principal Oil Suppliers George G. Eberling, 2017-10-23 This book examines China’s bilateral relations with its established suppliers of crude petroleum and on occasion, petroleum gas products including liquefied natural gas (LNG) based on a five- dimensional framework: political-diplomatic relations, economic-trade relations, military- security relations, cultural relations, and petroleum-energy relations. A five-dimensional approach is comprehensive in nature and offers a complete understanding of China’s complex relationships rather than looking solely on more typical perspectives like bilateral trade, security relationships, or energy ties. More often than not, social science literature focuses on one or more aspects of China’s bilateral relations, which does not provide a complete picture of the complex nature of its interstate ties. This book endeavors to bridge this gap and look more substantially at China’s bilateral relationships with energy-petroleum relations being the key aspect linking each one of them. The specific bilateral relationships examined are China’s relations with Angola, Brazil, Republic of the Congo, Iran, Iraq, Kazakhstan, Kuwait, Oman, Russia, Saudi Arabia, South Sudan, Sudan, United Arab Emirates, and Venezuela. These countries matter because their crude petroleum and petroleum gas product exports account for over 50 percent of China’s annual oil consumption. |
| china railway group limited: High-speed Rail: An Analysis Of The Chinese Innovation System Bai Gao, Guowu Li, Zhihong Zhen, 2020-12-21 High-speed railway system is interdisciplinary subject that covers infrastructure, mobile equipment, traction power supply, communication signal, operation and maintenance, and transportation organization. The purpose of this book is to give readers a basic understanding of the technology behind of China's high-speed rail network.In this book, the author mainly focusses on the innovations of products and processes, especially product innovation, which involves the selection of technology route, technology system and technology source. Therefore, the innovation in HST here refers to the selection of technology route, technology system and technology source, as well as, the new products developed and manufactured according to the selection. With the in-depth study, the author would like to provide outlook for development in this area in the next stage. |
| china railway group limited: The International Directory of Government 2021 Europa Publications, 2021-08-04 The International Directory of Government is the definitive guide to people in power in every part of the world. All the top decision-makers are included in this one-volume publication, which brings together government institutions, agencies and personnel from the largest nations (China, India, Russia, etc.) to the smallest overseas dependencies (Guadeloupe, Guernsey and Christmas Island, etc). Institutional entries contain the names and titles of principal officials, postal, e-mail and internet addresses, telephone and fax numbers, and other relevant details. Key features: - comprehensive lists of government ministers and ministries - coverage of state-related agencies and other institutions arranged by subject heading - details of important state, provincial and regional administrations, including information on US states, Russian republics, and the states and territories of India. |
| china railway group limited: China’s Railway Transformation Junjie Xi, Paco Mejias Villatoro, 2022-12-30 This book investigates China’s railway transformation through history, along with culture changes and urban development. The book begins by looking at the background of China and the history and growth of railway development in China through five key phases, followed by assessing the cultural changes in the railway carriage and exploring how these are linked to social equality and national provisions. The core of this book aims to analyse the Chinese urban transformation through the development of the high-speed rail (HSR) infrastructure in China. Eleven important new HSR stations in mainland China, plus the new Hong Kong West Kowloon Station, have been selected to contextually explore how HSR infrastructures have affected the development of the Chinese urban context. The selected case studies are the stations of Beijing South, Wuhan, Shanghai Hongqiao, Guangzhou South, Xi’an North, Nanjing South, Chengdu East, Tianjin West, Zhengzhou East, Hangzhou East and Hong Kong West Kowloon. All of these were built between 2008 and 2018. In these case studies, the location and the intentions and success of promoting urban development are analysed and assessed. Following this, the book further investigates the peculiarities of the new HSR stations in China in comparison with stations in Europe. An assessment framework is established to evaluate the Chinese case studies comparatively with significant cases in Europe, attending to the urban structure of the area, the architectural quality, the functional diversity and the quality of the public space generated in the surrounding area. |
| china railway group limited: The Palgrave Handbook of Contemporary Geopolitics Zak Cope, |
| china railway group limited: Contemporary Logistics in China Xiang Li, Xiaofan Wu, Binglian Liu, Ling Wang, Jun Liu, 2024-01-18 As with the previous volumes, this book aims to present a timely portrait of the rapid growth of China's logistics market and the status quo of its logistics industry. It provides an in-depth analysis of critical issues involved in the ongoing dynamic and multi-faceted development and serves as a valuable reference resource for interested readers in the academic and professional fields.The opening chapter offers a comprehensive overview of the impressive advancements and accomplishments made by China's logistics industry in the last twenty years, and the following chapters cover macro-factors related to logistics technologies and facilities, region-specific policies and plans, industry-wide transformation in transport, manufacturing, commerce, and agriculture.The book explores two important topics: Industrial and Supply Chain Safety and Stability and Low-Carbon Transformation, highlighting the latest trends and initiatives in China's logistics industry. It also sheds lights on the development and prospects of logistics in the Hainan Free Trade Port, including a detailed analysis of the opportunities and challenges faced by this emerging logistics hub. |
| china railway group limited: Explaining Railway Reform in China Linda Tjia Yin-nor, 2015-10-14 Having been state-owned for decades, the railway reform in China confused many people, particularly in terms of its ownership and property rights arrangements. Western literature always prescribes that the best model for railway reform is privatization. China’s leadership has also enunciated the state’s determination to re-arrange property rights and rejuvenate corporate governance. But is China’s railway reform really a story of convergence and will the Chinese government follow the western model of railway reform? Addressing these questions, this book provides a positive explanation of the reform in China’s railway sector between 1978 and the dissolution of the Ministry of Railways. It bridges the socialist reform and transport policy literature, and studies the empirical changes of the property rights arrangements in China’s railway system. Refuting the convergence theory, it concludes that the cyclical reform policies of decentralization and re-centralization were actually an exploratory and interactive mechanism of assets discovery and assets recovery. This in-depth study is based on 21 face-to-face interviews with railway cadres as well as field trips to collect first-hand information in Guangzhou, Beijing, Shanghai, Tianjin and Wuhan. As one of the only empirical studies on the reform of the railway sector in China, this book will be of interest to students and scholars of China studies, Transport studies and Political Economy. |
| china railway group limited: 2017 Valuation Handbook - International Industry Cost of Capital Roger J. Grabowski, Carla Nunes, James P. Harrington, Duff & Phelps, 2017-10-16 Real-world cost of capital data from across industries and around the globe The 2017 Valuation Handbook – International Industry Cost of Capital offers the same type of rigorous industry-level analysis published in the U.S.-centric Valuation Handbook – U.S. Industry Cost of Capital. It provides industry-level cost of capital estimates (cost of equity, cost of debt, and weighted average cost of capital, or WACC), plus detailed industry-level statistics for sales, market capitalization, capital structure, various levered and unlevered beta estimates (e.g., ordinary-least squares (OLS) beta, sum beta, peer group beta, downside beta, etc.), valuation (trading) multiples, financial and profitability ratios, equity returns, aggregate forward-looking earnings-per-share (EPS) growth rates, and more. For more information about Duff & Phelps valuation data published by Wiley, please visit www.wiley.com/go/valuationhandbooks. Also Available 2017 Valuation Handbook – International Guide to Cost of Capital 2017 Valuation Handbook – U.S. Guide to Cost of Capital 2017 Valuation Handbook – U.S. Industry Cost of Capital Key Features Four global economic regions: The 2017 Valuation Handbook – International Industry Cost of Capital includes industry-level analyses for four global economic regions: the World, the European Union, the Eurozone, and the United Kingdom. Industries in the book are identified by their Global Industry Classification Standard (GICS) code (at the 2-, 4-, and 6-digit code level). Three currencies: Each of the four global region's industry analyses are presented in three currencies: the Euro, the British pound, and the U.S. dollar. |
| china railway group limited: World Intellectual Property Report 2011 - The Changing Face of Innovation World Intellectual Property Organization, 2011 WIPO's World Intellectual Property Report 2011 focuses on the Changing Face of Innovation. It describes key trends in the innovation landscape - including the increasingly open, international and collaborative character of the innovation process; the causes of the increased demand for IP rights; and the rising importance of technology markets. |
| china railway group limited: Construction in Indonesia Toong-Khuan Chan, Krishna Suryanto Pribadi, 2022-05-17 Construction in Indonesia presents an in-depth analysis of the construction sector and suggests pathways to further improve the performance and efficiency of the industry. Experts in economics, management, and engineering have examined all aspects of the Indonesian construction sector to provide readers with unique insights into the workings of this important sector of the economy, and to analyse how both economic growth and policies have contributed to Indonesia’s development and how lessons learned can be used to guide future growth. Indonesia’s construction industry is set to grow rapidly after a decade of extensive investments in public infrastructure projects emphasizing new transportation, utilities, and social infrastructure buildings. The book is divided into two sections: Looking Back will focus on a critical analysis of the construction industry, its achievements and its failures, and the impact of the efficiency of the sector in bringing about improvements to overall quality of life. The primary purpose of the second section, Moving Forward, is to suggest directions and emphases for future action by the government of Indonesia (and other stakeholders) to promote the continued development of the construction industry. This book will be a valuable resource for policy makers in government and industry and other stakeholders to obtain a succinct view of the sector in the archipelago and to appreciate its potential to bring about improvements to the quality of life in Indonesia. |
| china railway group limited: Chinese Railways Katrin Luger, 2008-03-14 Although huge, Chinese Railways are a bottleneck for economic growth in China. The state-owned enterprise returns a small profit but is severely capacity constrained and burdened with inefficiency. Based on interviews with Chinese experts, benchmarking with railways in the US, Germany, Russia, and Japan as well as broad coverage of Chinese-language sources, the book makes detailed recommendations on how to design a comprehensive turnaround program for Chinese Railways. |
| china railway group limited: Law and Development of Middle-Income Countries Randall Peerenboom, Tom Ginsburg, 2014-02-10 This interdisciplinary volume addresses the special challenges that middle-income countries confront from both a theoretical and a practical perspective. |
| china railway group limited: Localized Bargaining Xiao Ma, 2022-06-03 Looks at the rollout of one of the largest infrastructure programs in human history to show how local governments play a complex role. China's high-speed railway network is one of the largest infrastructure programs in human history. Despite global media coverage, we know very little about the political process that led the government to invest in the railway program and the reasons for the striking regional and temporal variation in such investments. In Localized Bargaining, Xiao Ma offers a novel theory of intergovernmental bargaining that explains the unfolding of China's unprecedented high-speed railway program. Drawing on a wealth of in-depth interviews, original data sets, and surveys with local officials, Ma details how the bottom-up bargaining efforts by territorial authoritieswhom the central bureaucracies rely on to implement various infrastructure projectsshaped the allocation of investment in the railway system. Demonstrating how localities of different types invoke institutional and extra-institutional sources of bargaining power in their competition for railway stations, Ma sheds new light on how the nation's massive bureaucracy actually functions. |
| china railway group limited: Chinese Overseas Ports in Europe and the Americas Jean-Marc F. Blanchard, 2023-07-21 This book analyzes the progress, gains, and effects of Chinese overseas ports through in-depth and systematic studies of numerous cases in Europe and Latin America. China’s participation in overseas ports, especially under the rubric of the Belt and Road Initiative, is a matter of great concern to businesspeople, policymakers, and researchers pondering the implications of Chinese infrastructure activities and overseas investment. Yet there is insufficient knowledge concerning the actual nature of China’s role in specific ports, the economic and other consequences associated with that involvement, and the wider economic, political, and environmental effects of those economic effects. The chapters of this book fill these gaps by examining ports in diverse European countries like Denmark, Germany, Greece, the Netherlands, and the United Kingdom and various Latin American countries, including Brazil and Jamaica. The book illustrates why Chinese seaports succeed or fail, why they have the military, economic, and other consequences that they do, and why these consequences produce or fail to generate other effects such as political influence. This book will appeal to audiences with interests in China’s overseas seaports, foreign direct investment (FDI), and infrastructure specifically and foreign direct investment, geopolitics, and the political economy of national security more generally. |
| china railway group limited: Children's Rights and Business Gamze Erdem Türkelli, 2020-02-13 A comprehensive legal inquiry into children's rights and business, drawing on insights from various disciplines, enriched by in-depth case studies. |
| china railway group limited: Innovation In China: A Strategic Management Casebook Hugh Thomas, 2022-04-08 Innovation has shaped society since civilization began. Imperial China was the most innovative society on earth, but it failed to join the 19th century industrial revolution. In the 20th century, the Communist Party of China addressed that failure. Today China boasts an internationally compliant, rapidly developing IP system. State planning continues to be critical as the case of the largest, single, technology acquisition and infrastructure project in world history, high speed rail, demonstrates. But most of the innovation in China comes from the private sector: government incubators are among the government stimuli of private initiative, both local and global. And as the case on Cisco shows, foreign MNCs management of innovation in China is attractive but must involve co-ordination with government policy.This book presents cases where managers determine policy in China's increasingly innovative society. Readers take the roles of decision-makers to make strategy decisions. The cases in this volume showcase China's traditional three teachings, socialist market institutions, and modern management using studies on current Chinese companies and their leaders, among them big names such as Haier and Huawei. Each case stands alone as teaching material for instructors. Taken together, the book presents evolving models of innovation. Their subtle differences from western constructs critically impact the development of our global society. |
| china railway group limited: Geological Line Selection for the Qinghai-Tibet Railway Engineering Jincheng Li, Wenwu Chen, Zhengping Liu, 2017-10-30 This book describes the second phase of the Qinghai–Tibetan railway construction project and is the first technological book discussing the geological routing of the Qinghai–Tibetan railway project on the “roof of the world.” Based on practical experience of railway construction work, it provides a substantial number of examples with detailed descriptions and conclusions. The complex geological environment of the Qinghai–Tibetan railway as well as the selection and optimization of the route are illustrated vividly and clearly with quotes, figures, photos, and tables. Connecting Golmud and Lhasa, it has a total length of 1142 km and at the Tanggula Pass has an altitude of 5072m—higher than any other in the world. A 960 km section is on a plateau at altitudes above 4000 m, and 550 km are in the permafrost region, making it the world’s longest and highest railway in the permafrost plateau region. The book is a model for the integration of theory and practice, making it a valuable reference source for civil engineering professionals working in geological routing in permafrost plateau regions, active fault zones, meizoseismal areas, nature reserves, and regions with geohazards such as steep slopes, sand and snow drifts and geothermal hazards. |
| china railway group limited: Mechanical Analysis of China's Macro Economic Structure Xiaojiang Zhang, 2020-03-07 This volume is a major breakthrough in helping decipher and piece together the major interactive and flow investment dynamics within the complex Chinese economic structure, in an effort to guide global investors to formulate their own macro assessment and investment strategy in or related to China. Different from US that had a relatively short and ascending economic past, China endured a much longer history with quite a few volatile economic cycles. With that lesson of history in the background as the country’s guiding management principle, China’s economic policy and management superstructure, combined with regional government, business, consumer and investment community, form together a huge and complex operating environment of investment flow dynamics within which macro investment opportunities can be identified and strategies can be formulated by interested global and domestic investors.. |
| china railway group limited: Corporate Governance and Corporate Social Responsibility Sabri Boubaker, Duc Khuong Nguyen, 2014-09-26 While emerging market economies do not have a mature market structure yet, there is a need for research on corporate governance practices in these economies from different perspectives, including corporate social responsibility. Corporate Governance and Corporate Social Responsibility: Emerging Markets Focus fills the gap with a collection of high-quality research and policy-based papers addressing these issues, using various market cases as illustrations. Unlike previous books that often focused on one or several emerging markets, this book covers a much broader set of countries and tackles ethical, legal and societal aspects of corporate governance, beyond financial issues. It also discusses how companies work towards best corporate governance practices, particularly, in the aftermath of recent financial and economic crises. Readers will benefit from the wide range of theoretical, empirical, and case analyses, selected with care to reflect cutting-edge corporate governance and corporate social responsibility issues in countries with emerging markets. Contents: Corporate Governance: Legal Framework and Codes of Best Practices: Corporate Governance Bundles for Emerging Markets (Rahul Bedi and Darshan Desai); OC GoodOCO Corporate Governance in Transformation Countries OCo A Comparison of Experts' Perceptions in East Germany, Estonia and Hungary (Thomas Steger, Ruth Alas and Klliki Tafel-Viia); Corporate Governance, Policies and Public Listing: The Case of Chinese State-owned Enterprises (Zigan Wang); Corporate Governance in Turkey: The Case of Borsa Istanbul 50 Companies (Esra Nemli Caliskan and Basak Turan Icke); Barriers to Effective Corporate Governance Reforms: Corruption and the Peculiar Case of Nigeria (Ngozi Okoye); The Brazilian Fiscal Council OCo Protecting Minority Shareholders in a Weak Legal System (Jairo Laser Procianoy and Roberto Frota Decourt); Using Market Incentives to Move Beyond Law and Regulation in Emerging Markets OCo The Case for Corporate Governance Stock Exchange Indices (Andreas Grimminger); Corporate Governance: Some Country Experiences: The Audit Committee in the EU Emerging Countries (Daniela M Salvioni, Francesca Gennari, Luisa Bosetti and Alex Almici); Great Expectations from Pension Fund Activism: Insight from Poland (Agnieszka Seomka-GoeObiowska); Ownership Structure and Directors' Compensation Disclosure in Malaysia (Elinda Binti Esa and Abdul Rahman Zahari); Corporate Governance, Performance and Liquidity Risk of West African Economic and Monetary Union (WAEMU) Banks (Alassane Ouattara, Luc Paugam and Olivier Ramond); Board Composition and Company Performance: A Study of Sub-Saharan African Countries (Gibson Munisi); Emerging Markets Banks Ownership and Performance: Evidence from China (Xiaoxi Zhang and Kevin Daly); Corporate Governance in Romania: Theories and Practices (Gheorghe N Popescu, Veronica Adriana Popescu and Cristina Raluca Popescu); Corporate Social Responsibility: Corporate Governance and Corporate Social Responsibility in Financial Institutions: Evidence from Islamic Banks (Hisham Farag); Is Corporate Governance Related to Corporate Social Responsibility? The Case of South Africa (Idoya Ferrero-Ferrero, Mar a ungeles Fernindez-Izquierdo, Mar a Jess Muoz-Torres, Juana Mar a Rivera-Lirio, Ral Len-Soriano and Elena Escrig-Olmedo); Achieving Corporate Governance and Corporate Social Responsibility in an Emerging Market through Gender Diversity on Boards in India (Sharon Ayson); Executive Compensation in Emerging Markets: Theoretical Developments and Empirical Evidence (Yongli Luo); Placing Stakeholder Theory within the Debate on Corporate Social Responsibility (Tarek Miloud); Corporate Governance and Corporate Social Responsibility Reporting: Empirical Evidence from Bangladesh (Pallab Kumar Biswas). Readership: Policymakers, professionals, academics, and graduate students in law, economics, management and finance, organizations promoting best governance practices in emerging countries, investors, as well as those interested in corporate governance, corporate finance, and business and management. Key Features: Addresses current issues and cutting-edge trends in corporate governance and corporate social responsibility within economies with emerging markets; Sheds light on how companies adopt and move towards best corporate governance practices, especially in the aftermath of recent crises; Illustrates corporate governance theories with real business cases and assesses the effects of various governance practices on corporate behavior |
| china railway group limited: International Cross-Listing of Chinese Firms Liu, Lixian, 2014-01-31 While many nations are still struggling from the global financial crisis and regaining their financial security, investors are considering alternative options for investing their money; and the secure financial sector is China appears as a viable option. International Cross-Listing of Chinese Firms examines the successful techniques and strategies that Chinese companies are using within their financial practices. It highlights the foreign-based multinational enterprise theories related to the major international stock markets. By providing the latest theories and research, this book will be beneficial for business practitioners, researchers, and managers interested in the relationship between cross-listing and firm valuation of Chinese firms. |
| china railway group limited: The Era of Chinese Multinationals Lourdes Casanova, Anne Miroux, 2019-11-08 Chinese multinationals have grown in size and increased their global presence dramatically over the last decade. They have emerged as formidable competitors for western incumbents. These firms have instigated profound changes, such as displaced trade and investment flows, new business models, and the emergence of a new geography of global innovation. In a single volume, The Era of Chinese Multinationals captures the forces driving the disruptive growth of Chinese multinational corporations. Following a presentation of the surge of Chinese companies, the book turns to corporate characteristics of those firms and how they compare with western multinationals in terms of revenues, profits, branding, and business strategy. The book uses data and case studies to depict the relevant issues with the goal of providing insights to global executives on collaborating and competing with Chinese companies. |
| china railway group limited: TBM Design and Construction Kui Chen, Shengjun Jiao, Jiangka Wang, 2023-04-17 This book comprehensively covers the latest technology of TBM's structure and working principle, selection and adaptability design, cutter head design, construction organization and risk control and discusses typical domestic and global case studies on different periods of major TBM projects. Through detailed data and accurate charts, it offers operational guidance with high empirical value. This book is suitable for design, manufacturing, project management, construction and civil and mechanical engineering in the field of TBM technology. |
| china railway group limited: Handbook of Cities and Networks Neal, Zachary P., Rozenblat, Céline, 2021-07-31 This Handbook of Cities and Networks provides a cutting-edge overview of research on how economic, social and transportation networks affect processes both in and between cities. Exploring the ways in which cities connect and intertwine, it offers a varied set of collaborations, highlighting different theoretical, historical and methodological perspectives. |
| china railway group limited: Yearbook Commercial Arbitration Volume Xxxv 2010 (Crc) Rev Jan Albert Van den Berg, 2010-11-01 Annotation Volume XXXV (2010) of the Yearbook marks a profound change in the waymaterials are presented to the reader. As of this Volume, the Yearbook'sselection of arbitral awards and court decisions - made accessible by translations, indices and categorized lists - is available to the reader in a combination of printedition and online publishing which takes into account the needs of anincreasingly mobile work environment. |
| china railway group limited: Yearbook Commercial Arbitration Volume XXXV - 2010 Albert Jan Van Den Berg, 2010-12-08 The Yearbook is edited by the International Council for Commercial Arbitration (ICCA), the world’s leading organization representing practitioners and academics in the field, with the assistance of the Permanent Court of Arbitration, The Hague. It is an essential tool for lawyers, business people and scholars involved in the practice and study of international arbitration. |
| china railway group limited: The Globalization of Chinese Companies Arthur Yeung, Katherine Xin, Waldemar Pfoertsch, Shengjun Liu, 2011-06-01 China business experts analyze the next wave of Chinese corporate giants as they emerge into the global marketplace The rise of China and its major corporations will be a key economic development in this century. Even as leading Chinese firms show their muscle through ambitious acquisitions of firms like Thinkpad and RCA, many western investors and business leaders know little or nothing about them. This book looks at the rise of Chinese firms, who they are, how they'll change the global competitive landscape, their strengths and weaknesses, and how established western firms might meet the challenges and opportunities this trend presents. Throughout the book, the authors examine and highlight the major differences between Chinese and western firms, particularly differences related to corporate leadership and organizational structure, how and why they choose M&A targets, global workforces, and political issues like unionization. A comprehensive, expert examination of emerging Chinese global corporations and how they will affect the global economy Ideal for investors and executives of western companies Written by a team of top China business experts and curated by the editor of the Chinese edition of the Harvard Business Review For anyone who wants to understand the future of Chinese companies and the opportunities and challenges their global emergence will present, The Globalization of Chinese Companies offers comprehensive, expert insight. |
| china railway group limited: Capital and Politics Greg Albo, Alfredo Saad-Filho, Nicole Aschoff, 2022-12 The 59th annual volume of the Socialist Register examines the growth of corporate power and other important organizational trends in global capitalism. Rejecting such notions as “stakeholder capitalism,” it reviews the organization and strategies of unions and the left as it searches for new routes to socialism. |
| china railway group limited: Social and Environmental Disclosure by Chinese Firms Yingjun Lu, Indra Abeysekera, 2024-11-01 Given the increased social and environmental problems in China, this book looks into the social and environmental disclosure practices of socially responsible Chinese listed firms by constructing a stakeholder-driven, three-dimensional, disclosure index. The book contains a three-part study: the first part explores the current status of social and environment disclosure practices. The second part empirically examines the relationship between corporate social and environmental disclosure and various influencing factors (i.e. stakeholders’ power and corporate characteristics). The third part empirically examines the link between corporate social responsibility (CSR) reporting (i.e. publishing a CSR report and the quality of the CSR report) and socially responsible reputation. The book finds that the CSR report provided more stakeholder-relevant social and environmental disclosure than the annual report. It also finds that corporate characteristics such as firm size, profitability and industry classification are all statistically significant factors influencing the social and environmental disclosure of the Chinese firms studied. Shareholders significantly influenced firms’ social and environmental disclosure, and creditors significantly influenced firms’ disclosure related to their environmental performance. The final part of the study reports that publishing a CSR report and CSR reporting quality had a positive influence on firms’ socially responsible reputations and that the CEO/chairman duality negatively influenced firms’ socially responsible reputation. This book will be of interest to those who are keen to learn more about corporate social responsibilities in the context of Chinese firms. |
| china railway group limited: The Development of China’s Transportation Industry (1978–2018) Xiaoyan Lin, |
| china railway group limited: China’s State-Directed Economy and the International Order Luyao Che, 2019-03-14 This book explores the legal implications of China’s state-directed economic model for the existing international economic order. It first reveals the close links between the market and the state in contemporary China by profiling an emerging triple role of the state in the economy. It then explores how the domestic legal system underpins the distinctive market-state relationship, before analysing whether essential norms of international economic law, which bracket the international economic order, are able to adapt to China’s innovative market-state relationship. The book argues that the international economic order is inherently limited since it tends to adhere to an orthodox dichotomy, with a clear boundary between the market and the state. It also suggests that China’s new state-market relationship has challenged the dichotomy – the state does not intend to eliminate the functioning of the market but, conversely, utilises a market mechanism and makes itself more integrated into the market. Lastly the book proposes a fresh perspective to comprehend the ‘market-state’ question, which does not to take for granted that all market-state relationships are mutually exclusive. |
