久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Industries

Railway boom to boost industries

By ZHONG NAN (China Daily) Updated: 2014-08-05 07:44

Railway boom to boost industries

A construction worker bolts together high-speed rail track in Urumqi in the Xinjiang Uygur autonomous region. [Photo/China Daily]

Investment will increase demand for steel, absorb overcapacity

China's railway construction boom will help boost the struggling steel, cement, glass and other heavy industries to put the country's economic growth on a firmer footing in the second half of this year.

Earlier economic indicators suggested that China's 2014 first-half growth had slipped below the annual target of 7.5 percent, which pushed the government to take more decisive measures to manage a healthy growth pace.

China Railway Corp, the country's railway operator, raised the 2014 railway fixed assets investment budget from 720 billion yuan ($116.47 billion) to 800 billion yuan in May, a clear attempt to kick-start its slowing economy. The investment will be used in the construction of 48 new railway projects in the second half of this year.

Zhao Jian, a professor of railway development at Beijing Jiaotong University, said accelerating railway construction will certainly help China increase the effective demand for steel, cement and other heavy industries, while absorbing overcapacity.

The country produced 411.91 million metric tons of crude steel in the first half of 2014, or 3 percent higher than a year ago. In the meantime, pig iron output grew 0.5 percent year-on-year to 362.02 million metric tons, while rolled steel production increased 6.4 percent to reach 552.25 million metric tons.

However, data from the China Iron and Steel Association show the steel industry has excess capacity between 180 million metric tons and 240 million metric tons. Chinese steelmakers have incurred huge losses.

China aims to extend the total length of track being constructed to more than 7,000 kilometers this year, up 25 percent from the actual construction completed in 2013.

"In comparison with other economic stimulus packages, railway construction investment is a practical way of supporting the job market and has an immediate effect to support the country's growth," said Zhao. "It will also push forward urbanization and reduce regional inequality."

Wang Mengshu, an academic at the Chinese Academy of Engineering, said the new round of expansion should cover every provincial capital in the country, bringing with it vast economic benefits, especially in western China.

China has 100,000 km of railway, to serve a population of 1.37 billion; yet the United States has 272,000 km of track for a population of 300 million people.

Railway boom to boost industries Railway boom to boost industries
 Beijing-Shanghai high-speed railway sees 220m trips since debut  Railway boosts economic growth in Tibet 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 特级毛片免费观看视频 | 国产中文字幕在线观看 | 日韩一级性生活片 | 久久草在线免费 | 在线视频精品视频 | 成人性视频在线 | 午夜精品尤物福利视频在线 | 欧美人成在线 | 高清视频一区 | 欧美成人日韩 | 欧美jizzhd欧美精品 | 网站午夜 | 亚洲免费网站观看视频 | 手机看片77v1 | 美国一级做a一级视频 | 亚洲精品一区二区久久 | 国内高清自拍 | 麻豆一区 | 一级做a爰片久久毛片潮喷 一级做a爰片久久毛片美女 | 港台三级在线观看 | 激情综 | 亚洲视频偷拍自拍 | 黄色片三级网站 | 在线免费观看一区二区三区 | 一级国产a级a毛片无卡 | 国产成人精品日本亚洲专 | 久草在线免费资源 | 色日韩在线 | 69性欧美高清影院 | 国产精品亚洲第一区二区三区 | 久久国产一区二区三区 | 欧美a免费| 国产美女视频黄a视频全免费网站 | 国产一级不卡毛片 | 久青草国产97香蕉在线视频xx | 国产成人禁片免费观看视频 | 午夜桃色剧场 | 国产普通话一二三道 | 性成人动作片在线看 | 久久亚洲精品中文字幕 | 日韩一区国产二区欧美三区 |