Privatization Reform of Railways and Market Financing - Collection of the Basic Industries Research Center, Beijing Jiaotong University

Author: Lin Xiaoyan / Country: Mainland China
Publisher:
Publish Date: 2006-07-01
Features: This book focuses on the privatization of the railway industry. Despite the collective efforts of multiple authors over many years, due to the professionalism and strong interconnectivity of the various components of the railway industry, as well as the social capital characteristics of railway development that make it subject to the demand and supply systems of other industries, the book cannot thoroughly analyze the fundamental drivers of the privatization movement in the railway industry based on a single factor or a single thread. It also cannot provide a complete framework and practical path for guiding China's railway reform and financing practices. This is precisely the logical reflection of the diversification of privatization practices and financing paths in the railway industry worldwide. Therefore, the contribution of this book lies in constructing a multidimensional theoretical framework to explain the privatization practices and multiple path phenomena in the railway industry, based on its multidimensional attributes, and empirically verifying it with the privatization practices of railways in various countries. This theoretical framework provides policymakers with analytical tools and a comprehensive basis for formulating policies on the privatization of the railway industry.