www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Home / World

Train maker expects more export orders

By Hu Haiyan | China Daily | Updated: 2011-10-29 08:04

Train maker expects more export orders

Workers assemble trains at China South Locomotive & Rolling Stock Corp Ltd's factory in Tianjin. Jacky Cheng / for China Daily

BEIJING - China South Locomotive & Rolling Stock Co Ltd (CSR), the country's largest maker of trains, expects to gain more overseas sales in the next five years, despite the adverse effects of a fatal crash in East China on July 23, the company said on Friday.

"Our overseas revenue is expected to enjoy year-on-year growth of 30 to 40 percent in the next five years," said Zhao Xiaogang, chairman of CSR, at the Fortune CEO Summit in Beijing.

"And our exports are estimated to increase by 50 percent this year compared with 2010."

He admitted that the high-speed collision, which killed 40 people in Wenzhou, Zhejiang province, has had some adverse effects on the development of China's high-speed rail industry.

All of the companies related to the industry, ranging from suppliers of signaling equipment and electronics to manufacturers of bullet trains, have been under great pressure, Zhao said.

CSR made the two bullet trains involving in the Wenzhou accident, but Zhao said the company's core business hasn't been affected by the accident.

"CSR's order to provide bullet-train locomotives worth 50 billion yuan ($7.86 billion) hasn't been affected by the accident and will be fully accomplished within the next year," he said.

Zhao also is positive about the prospects for the development of China's railway industry.

"The railway industry in China may slow in the short term due to safety concerns after the crash, but in the long run, the industry will develop rapidly because there is still great domestic demand and the railway system is also essential to China's long-term infrastructure development," Zhao said.

China has been working for years to develop a high-speed rail network to rival Japan's and investment in the sector last year hit a record high of 749.5 billion yuan.

In line with the high-speed railway construction goal set in the country's 12th Five-Year Plan (2011-2015), China plans to build a high-speed system totaling 16,000 kilometers by the end of 2015.

"The high-speed rail industry will still enjoy momentum in the future," said Zhao.

Recently, the Ministry of Railways issued short-term financing bonds (366 days) worth 20 billion yuan and Premier Wen Jiabao has also said that the central government will provide funding for some huge infrastructure construction projects.

"All of these will be very beneficial to the railway industry's development," Zhao said.

CSR also has plans to begin manufacturing signaling equipment in the near future.

"We have won a bid to provide some signaling equipment in China, which underlines our ambition to enter this market," said Zhao, who declined to reveal more details.

CSR posted a net profit of 2.04 billion yuan in the first half of the year, a rise of 85 percent year-on-year, on strong demand for high-speed rail equipment. Revenue surged 42 percent to 40.12 billion yuan during the same period.

China Daily

(China Daily 10/29/2011 page9)

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 日韩在线视频不卡一区二区三区 | 精品伊人久久久久网站 | 国产综合第一页 | 日韩视频免费一区二区三区 | 国产一区在线看 | 久久精品国产精品亚洲毛片 | 一本久综合久久爱 | 国产成人综合日韩精品婷婷九月 | 久久精品国产亚洲麻豆 | 精品国产品欧美日产在线 | 亚洲三级在线看 | 欧美一级毛片免费看 | 精品国产欧美一区二区五十路 | 日韩精品在线播放 | 午夜大片免费男女爽爽影院久久 | 日韩一区二区不卡 | 欧美a一| 国产美女一区二区在线观看 | 欧美第一页草草影院浮力 | 日韩三级免费看 | 91久久精品视频 | 538在线视频二三区视视频 | 天天精品在线 | 国产成人一区二区三区 | 久久久综合视频 | 欧美国产亚洲一区 | 午夜影院黄色 | 久久久久久久久久综合情日本 | 狠狠五月深爱婷婷网 | 久久精品免视着国产成人 | 一级做a爰片久久毛片苍井优 | 久久久久国产成人精品亚洲午夜 | 成年人视频在线免费播放 | 欧美国产日本 | 久久国产精品无码网站 | 亚洲成av人片在线观看无码 | 高清毛片aaaaaaaaa片 | 国产成人v爽在线免播放观看 | 精品久久免费视频 | 国产精品18久久久久网站 | 一级爱 |