1. Railway Transport During the Spring Festival In China Presented by Dean, Class B Presented by Dean, Class B

2. What is “ Spring Transportation ” 春運 春運 students, travelers migrant laborers …… students, travelers migrant laborers …… The great migration of human beings The great migration of human beings Also a terrible experience of all who are involved …… Also a terrible experience of all who are involved …… A hard way home A hard way home

3. “ China on the move ” Jan. 25, 2006, Newsweek, Melinda Liu China is a nation on the move — especially now, at the beginning of the much- awaited Spring Festival vacation. China is a nation on the move — especially now, at the beginning of the much- awaited Spring Festival vacation. Many of the country's 100 million-plus rural-born migrant workers leave, or even quit, jobs in the city and travel to the countryside to spend the first day of the new lunar year with family. Many of the country's 100 million-plus rural-born migrant workers leave, or even quit, jobs in the city and travel to the countryside to spend the first day of the new lunar year with family.

4. Let ’ s focus on the ticket price! Should the decision makers raise the ticket price in order to release the pressure from the high passenger flow? Should the decision makers raise the ticket price in order to release the pressure from the high passenger flow? Arguments Arguments Actually, they did. Actually, they did. An upflow of 15% to 20% An upflow of 15% to 20%

5. What ’ s the result of raising price? Hardly released pressure, even more complaint Hardly released pressure, even more complaint According to Xinhua News Agency, railway passenger flow hit 149 million trips during the spring festival in 2006. The figure witnessed an increase of 9.5 million compared with the same period last year. According to Xinhua News Agency, railway passenger flow hit 149 million trips during the spring festival in 2006. The figure witnessed an increase of 9.5 million compared with the same period last year. Highest record in the history. Highest record in the history.

6. Why? Price Quantity D1 S1 S2 D2 P1 P2 P Lack of supply

7. Why in China? No substitute No substitute A small price elasticity of demand A small price elasticity of demand Transportation system in government monopoly Transportation system in government monopoly Calling for competition to provide a more flexible supply in the transportation service market Calling for competition to provide a more flexible supply in the transportation service market

8. Thank you!