Chinas ambitious project to develop high speed rail across the country was nothing short of extraordinary over the last decade. Beijing has spent an estimated 2.4 trillion yuan, roughly US$360 billion, constructing 22, 000 kilometers of HSR lines, over the rest of the world combined. The dynamic increase Of the HSR network across the country has influenced on the financial development of its cities in various ways. As an instance, in Langfang, a city 60 km from Beijing, housing costs have almost quadrupled since it was linked to the HSR in the year 2011, which cut traveling time to the funds from one hour to just 18 minutes.
Drawn by such convenient transportation connections, some universities in Beijing have assembled new campuses in Langfang. By Way of Example, Tsinghua University now runs the Institute of Tsinghua University, Hebei, at Langfang, while Beijing University of Chinese Medicine and Pharmacy conducts its Dongfang College there. These changes of people and functions will not just alleviate the population burden of center cities, but also spur the economic growth of second tier towns. Possible for heart and second tier towns – This shows there is a great deal of potential for center cities and second tier towns near them to collectively plan their growth and harness their HSR connections.
New towns have developed instantly Around these HSR channels to harness the increased transport connectivity. This had the effect of driving increase in the local economics and infrastructure. An instance of this is Xidong Xincheng, a brand new town which has boomed around Wuxi HSR station. When the station opened at 2010, a flat at Xidong Xincheng cost 4, 698 yuan per sq foot. Today, the price exceeds 10, 000 yuan per sq ft. Rapid expansion – Cities that don’t have a HSR station, but is near the areas covered by the high speed line have also benefited from the rapid expansion of the community over the last decade.
The economic advantages of improved accessibility for these outlying cities have come in the shape of increased consumption flows. Take Yangzhou, a prefecture level city at central Jiangsu Province, for example. The city boasts a well known tourist site at the Slender West Lake, and even though it isn’t Accessible by HSR, the Jinghu HSR Line between Beijing and Shanghai and the Ninghang HSR Line between Nanjing and Hangzhou put it within a two hour traveling time zone of the center cities of Shanghai and Hangzhou. In the year 2014, 1 year after the opening of the Jinghu and Ninghang HSR lines, the number of tourist website visitors to Yangzhou jumped by 29.9%, whilst the citys travel sector income increased by 17.7%, indicating a very positive connection between the HSR and traveling sector growth. Online, travellers commonly ask for the best transport links to tourist sites from HSR stations.