China will increase its rail network to 187,900 kilometers in 2021 Author iDealData


© Reuters. China will increase its rail network to 187,900 kilometers in 2021

China State Railways announced that it will expand its railway line network for an additional 3,700 kilometers in 2021. China State Railway Group Co. Ltd. According to the company, China made a fixed investment of 781.9 billion yuan ($ 119.56 billion) in the past year, with the commissioning of a new railway line of 4,933 kilometers.

The national railway sector provided 2.16 billion passengers with travel in 2020. This number is expected to increase by almost 44 percent in 2021 to 3.11 billion. The railway company expects the industry to transport up to 3.7 billion tons of freight in 2021. This number corresponds to an increase of 3.4 percent compared to the previous year.

On the other hand, during the 13th Five-Year Plan period covering 2016-2020, the length of active railways increased to 146 thousand 300 kilometers and the length of high-speed train lines increased to 37 thousand 900 kilometers. According to the latest data released by the Chinese State Railways, the total length of the railway lines, which was 121 thousand kilometers by the end of 2015, increased to 146 thousand 300 kilometers by the end of 2020, while the length of the high-speed train line, which was 19 thousand 800 kilometers five years ago, was 37 thousand 900 kilometers. reached kilometers. In the same period, 15 billion 780 million tons of freight was transported over the railway, while 14 billion 900 million passengers were transported.

China Radio International

-iDeal News Center-

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Check Also

Domestic demand for foreign currency continues, deposits exceed $230 billion By Investing.com

© Reuters. Investing.com – According to the money and bank statistics of the CBRT, which …

Leave a Reply

Your email address will not be published. Required fields are marked *