By Laura He, South China Morning Post; October 9, 2017
With China having recently launched the world’s fastest bullet train between Beijing and Shanghai, analysts are now concerned that Chinese airlines could lose domestic market share gradually to high speed rails and see their price power weakened further in the next few years.
The intensified domestic competition might also prompt Chinese air carriers to shift more capacity towards international routes and seek new opportunities from overseas markets, as rising personal income fuels more international travel, they said.
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