China Claims 19,000 km Highway, Next Only to the US

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Last updated at: (Beijing Time) Thursday, February 07, 2002

China Claims 19,000 km Highway, Next Only to the US

China's infrastructure construction has been developing rapidly. By the end of last year, the nation's total length of highway had reached 19,000 kilometers which, for the first time surpassed that of Canada and turning China into the world second biggest country in terms of highway mileage, next only to the US.

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Thanks to more scientifically designed and exercised Macro-economic policies last year, China had reduced the impact of world economic slowdown to the minimum yet still ensured a growth rate of 7.3 percent.

The infrastructure construction has been developing rapidly. By the end of last year, China's total length of highway had reached 19,000 kilometers which, for the first time surpassed that of Canada and turning China into the world second biggest country in terms of highway mileage, next only to the US.

As for consumption policy, last year saw the state raise salary twice, both by 30 percent, which benefited 80 million people, and the dispensable income for urban dwellers had reached RMB 6,860 yuan per capita.

Besides, the state's control on monetary and fiscal policies also turned out effective. The interest rate was in a cut for 8 successive years beginning from 1996, and from 1998 additional treasury bonds have been issued for four times, which has brought stimulus to short-term investing and long-term economy and helped to promote construction in transportation, communication sectors and city functions.

China Ranks World's Second in Expressway Construction

China has completed constructing over 3,000 kilometers of new expressways last year, thereby increasing its mileage of accessible expressways to 19,000 kilometers, leaping second of the world.

Construction of expressway will maintain a rapid growth in the country in the coming period of time. A national mainline network composed of "five vertical and seven horizontal" throughways will be completed and become accessible in 2008 when the Olympic Games is to be held in Beijing. (In Detail)

By PD Online staff member Li Heng

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