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

News >Bizchina

China to spend $1.3t on new rail, road infrastructure

2011-02-19 11:00

China to spend $1.3t on new rail, road infrastructure

A booth for Daqin Railway Co at a railway equipment expo in Beijing. Shares of Daqin Railway may rise as the nation's transport infrastructure is upgraded, according to Morgan Stanley. [Photo /?China Daily] 

BEIJING - China plans to spend at least $1.3 trillion over the next five years to ease transport and freight bottlenecks, creating a windfall for companies such as Daqin Railway Co and Anhui Expressway Co.

Rising wages and land costs in the coastal provinces that have underpinned China's industrial development for three decades are forcing manufacturers, including Ford Motor Co, Pfizer Inc and Foxconn Technology Group, to move production inland to cut costs. That's strained China's ability to transport goods within the country, prompting a spending program the size of the Swiss economy during the past two years on roads, railways and airports.

"A huge part of China hasn't been part of the global economy," said Brian Jackson, an emerging-markets strategist at Royal Bank of Canada in Hong Kong. "As that changes, it's going to have a similar effect to what you saw with coastal China joining the world economy."

The development of inland provinces, such as Shanxi and Anhui, is driving an expansion of rail capacity that may help shares of Datong-based Daqin Railway rise 86 percent to 16.03 yuan ($2.4), according to Morgan Stanley. Hefei-based toll road operator Anhui Expressway may rise 44 percent to HK$9 ($1.2) as inland growth is boosted by companies moving from the east coast, says Macquarie Capital Securities.

China has spent $569 billion on fixed-asset investment in railways and roads over the past two years. That may help to more than double the country's share of world exports to 23 percent in the next decade, according to China International Capital Corp economist Zhang Zhiwei.

Over the next five years China will spend as much as 3.5 trillion yuan on railway construction, 750 billion yuan on rail rolling stock, 3.5 trillion yuan to 4 trillion yuan on highways, 300 billion yuan to 350 billion yuan on airports, and 900 billion yuan on ports, according to Macquarie.

The nation's 2 trillion yuan in spending on a high-speed rail network will give it almost as much track by next year as the entire rest of the world, even before the 16,000-kilometer network is completed in 2020. More than 7,000 kilometers of track have already been laid and another 6,000 kilometers are scheduled to open by 2012.

Bloomberg News

 

Related News:

主站蜘蛛池模板: 美女免费毛片 | 久久视频在线播放视频99re6 | 久久99精品久久久久久秒播 | 人碰人碰人成人免费视频 | 亚洲人成在线播放网站 | 国产精品亚洲一区二区三区久久 | 久青草网站 | 午夜三级理论在线观看视频 | 久久se精品一区精品二区 | 91伦理视频| 美女精品永久福利在线 | 久久不见久久见免费影院 | 久久精品欧美日韩精品 | 欧美久草在线 | 日韩欧美在线观看 | 香港毛片免费观看 | 久草青草| 这里只有久久精品视频 | 成人免费网站视频www | 亚洲国产日韩欧美一区二区三区 | 精品视频99| 怡红院免费在线视频 | 国产精品欧美亚洲韩国日本不卡 | 欧美 日韩 国产 成人 在线观看 | 老司机亚洲精品 | 成人免费黄色网址 | 在线免费观看一级片 | 亚洲高清自拍 | 热er99久久6国产精品免费 | 成人夜色香网站在线观看 | 欧美一线不卡在线播放 | 手机黄色网址 | 欧美成人观看视频在线 | 免费特黄一级欧美大片 | 日韩欧美一区二区三区在线观看 | 中文字幕最新中文字幕中文字幕 | 精品国产中文一级毛片在线看 | 99爱在线视频 | 免费播放毛片 | 免费视频一区二区三区四区 | 99精品免费久久久久久久久日本 |