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    The main challenge for road passenger transport comes from the safety of passenger transport, and the increasingly severe passenger transport security situation will lead the state's competent authorities to issue more stringent regulatory measures. In the short term, these regulatory measures may have some impact on bus companies or bus operators. However, in the long run, the construction of a regulatory system can further ensure the safety of passenger transport and help passenger transport companies expand market space. ——Deputy Secretary General of the China Road Society Bus Division
At present, the Chinese road passenger transport industry under the influence of the “three highs†of high-speed rail, high oil prices, and high costs faces various challenges. Zhen Zhenqing believes that there are currently three factors that benefit the passenger transportation market:
First, the 12th Five-Year Plan of the Ministry of Transport portrayed a clear blueprint for road passenger transport. First, the road passenger transport network will continue to improve. According to the plan, by the end of 2015, the total length of highways in China will reach 4.5 million kilometers, which will increase at an average annual rate of 100,000 kilometers. Zhen Zhenqing believes that "this is the basis for the continuous expansion of the total plate in the road passenger transport industry." Secondly, during the “12th Five-Year Plan†period, the country will build more than 100 comprehensive passenger hubs connected to railway passenger transport, of which 36 key cities will build about 40 sets of roads, railways, rail transit, city buses, taxis, and so on. The form of a modern, large-scale integrated passenger transportation hub. The construction of such passenger transport hubs has enabled the seamless integration of road passenger transport, urban public transport and railway transport, increased passenger flow, and further expanded the passenger car market space. Thirdly, the "12th Five-Year Plan" put forward the "encouraging the development of large and medium-sized high-class passenger cars" to realize the standardization and specialization of transport equipment, so that the market share of mid-to-high-end passenger cars by the 12th Five-Year Plan period will be 28% by 2010. It is a huge opportunity to rise to 40%.
Second, the continued growth of road passenger transport will continue. According to the data released by the Ministry of Communications, during the “11th Five-Year Plan†period, the average annual growth rate of China’s road passenger traffic is 8.14%, and the annual growth rate of passenger turnover is 10.02%. In 2010, the total number of passenger transportation in China was 32.8 billion, which represented a year-on-year increase. 10.2%. Among them, 1.68 billion passengers of railway passengers were up 9.9% year-on-year, 30.63 billion passengers were on highways, up 10.2% year-on-year; water transport declined, and civil aviation increased slightly. Highway passenger transport accounts for 93.3% of the total passenger traffic in the country, and railway passenger transportation accounts for 5.12%. Zhen Zhenqing said that as long as the country’s economic development continues, road passenger transport will maintain its momentum of sustained growth.
Thirdly, affected by the high-speed rail accident, the EMU is decelerating at a large scale and the railway passenger transportation is cooling down. This is a development opportunity for bus companies and passenger transport companies. “In the past ten years, the speed of railway passenger transportation has increased seven times in a row, and the impact on road passenger transport is quite far-reaching. The railway transportation has a direct impact on highway short-distance passenger transportation in the one-hour, two-hour, and three-hour travel intervals.†Zhen Zhenqing said: “Take Beijing to Tianjin as an example, after the intercity high-speed rail from Beijing to Tianjin was opened, the passenger trains on this line were basically diverted. However, the current situation has undergone a new change. The high-speed rail accident has caused the railway transportation to cool down, and the highway passenger transport Hope to look up."
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