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Urban rail transit has been a new emerging industry growing up since China’s reform and opening-up. As the city’s public service facility, the construction and operation of urban rail transit will surely face a series of impact and reform on management and concept under the condition of market economy system. By analyzing the development status of China’s urban rail transit, the paper identifies the problems existing in the development and puts fin-ward the countermeasures for securing sound develolopment of the China’s urban rail transit industry.