China to Boost High-Speed Rail Tickets on Ningbo-to-Shenzhen Line
(Beijing) — China will raise prices on a stretch of its state-of-the-art high-speed rail network in the southeast part of the country, marking the first such increase since 2015 as the operator seeks to strike a balance between supply, demand and its large debt load.
The hikes will see second-class ticket prices rise by 25% to 30% on the stretch of rail between the eastern port city of Ningbo and the southern city of Shenzhen, across the border from Hong Kong, an official with the local rail authority told Caixin, speaking on condition of anonymity. First-class ticket prices will rise by an even steeper 65% to 70%, he said.
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