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Front Page of the Day
The lowest subway fare in ChinaPosted by Banyue on Thursday, September 27, 2007 at 5:25 PM
The top headline in The Beijing News today announces the results of a hearing on subway fares.
Eighty percent of citizen representatives agreed with a proposal to implement a flat fare of two yuan, which would replace the current system in which ticket prices on different lines range between two and 5 yuan. However, there are still questions as to how the drop in prices will affect ridership numbers; some representatives were concerned that rider safety could be threatened. On the question of whether to cancel the current monthly ticket system, ninety percent of representatives voiced their support. Currently, around 170,000 monthly passes are in circulation, but many of these are reportedly not in the hands of the people who need them most. All opinions will be reported to relevant Beijing government departments. "Hopefully, the final decision will be made before October," said the deputy director of the Beijing Municipal Development & Reform Commission, "and after falling, we might have the lowest subway fares in China." The front page photo shows a construction accident that occurred yesterday at Huawei Bridge on the East Third Ring Road. Three workers were in a well when it caved in. Two escaped but one remains buried in unknown condition. Other headlines: |
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Comments on The lowest subway fare in China
Currently, around 170,000 monthly passes are in circulation, but many of these are reportedly not in the hands of the people who need them most.
why not raise the per fare price and simply print as many monthly tickets as market demand will allow? or would this violate the fundamental economic principles of market-socialism?