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At present, China's high-speed railway operating total mileage has ranked first in the world. High-speed railway is a high-tech industry and strategic emerging industry with independent intellectual property rights formed by china's original innovation, integrated innovation and the introduction of digestion and absorption and re-innovation, which is of great political and strategic significance to China's transformation of economic development mode, regional inclusive growth and harmonious and stable development of society. Based on the theory of externality and the idea of welfare economics, this book makes an in-depth analysis of the basic role of China's high-speed railway in the economic and social development of modern regions, and makes a series of valuable conclusions from the theoretical and empirical aspects of the relationship between China's high-speed railway and national development strategy and high-speed railway economic belt, land development, service quality, and energy conservation and environmental protection. It plays an important role in promoting high-speed rail and regional economic and social development.