日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

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: 国产三级在线精品男人的天堂 | 成人在线综合网 | 欧美精品影视 | 日韩一区精品 | 日本一级在线 | 欧美桃色视频 | 婷婷免费在线 | 国产三级在线观看 | 奇米色第四色 | 国产午夜亚洲精品第一区 | 日本人妖miran护士 | 精品无人乱码一区二区三区 | 日本成片| 久久国产精品区 | 国产一级大片在线观看 | 奇米影视亚洲精品一区 | 日韩h片在线观看 | 天堂网色 | 男进女内免费视频无遮挡 | 亚洲依依成人综合网站 | 日韩在线免费视频观看 | 久久一er精这里有精品 | 亚洲一区二区三区四区精品 | 一级毛片视频在线观看 | 亚洲视频网址 | 久操免费在线视频 | 一个人看aaaa免费中文 | 免费看成年人网站 | 亚洲综合视频在线观看 | 成人激情视频在线观看 | 免费看av的网址 | 91九色视频| 97精品一区二区 | 三级黄色毛片视频 | 久久高清 | jjzz日本女人 | 亚洲欧美精品伊人久久 | 8mav福利视频在线播放 | 久久精品一| 精品国产一区二区三区久久影院 | 亚洲午夜久久久久久尤物 |