Latest News:  
Beijing   Overcast/Moderate rain    9 / 12 ℃  City Forecast

English>>China Business

China's economic planner stresses railway investments

(Xinhua)

08:06, October 22, 2012

BEIJING, Oct. 21 (Xinhua) -- China's National Development and Reform Commission (NDRC), the country's top economic planner, has called for increasing efforts to reach this year's railway investment target.

Xu Xianping, vice minister of the NDRC, said at a recent work conference that efforts should be made to complete this year's railway investment plan so as to meet the country's railway constrauction target set for the 2011-2015 period.

After years of torrid growth, investment in China's railways cooled remarkably in the wake of a train crash in July last year that left 40 people dead and 172 injured.

China set itself a target of investing 500 billion yuan (79.4 billion U.S.dollars) in railways this year. However, in the first three quarters, fixed-asset investments on railways only amounted to 344.16 billion yuan, which means it has to catch up with the rest 31 percent in the fourth quarter.

China aims to basically complete the construction of a high-speed railway network with a total operating length of more than 40,000 km by the end of 2015.

News we recommend:
Reflections on the global economy 'Do the right things' for the economy Rising food prices haunt our future
Telecom sector not in trouble Why foreign investors should stay? Chinese property companies speed up
Revitalizing China's gloomy exports  New hurdle for Japan's carmakers Secrets of a successful PE firm

Email|Print|Comments(Editor:厉振羽、张洪宇)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Weekly review of military photos

  2. Chinese conducts exercise in East China Sea

  3. Music dream in slums

  4. Same-sex wedding performed in Fujian Province

  5. Asia's largest Apple store opens in Beijing

  6. Zhejiang Real Estate Expo kicks off

  7. 14th Shanghai International Arts Festival

  8. Sexy photos of top lingerie model

Most Popular

Opinions

  1. Commentary: Stimulus should be small
  2. Why foreign investors should stay?
  3. Blessed are those who are happy
  4. Experts on touch-and-go landing on the Liaoning
  5. There is no justification for street violence
  6. Tokyo shrine visit angers neighbors
  7. BRICS can build optimism
  8. Rich list shines a light on China’s shifting economy
  9. Indigenous industry key to change
  10. Miners must break ground overseas

What’s happening in China

Foreign schools woo Chinese students

  1. Director claims film producers trying to profit from island row
  2. Couple's road-trip romance makes a moving book
  3. Two surrogacy services raided
  4. Beijing prepares to get smart
  5. Chinese telecom fraud gang busted, 86 arrests