日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Industries

More investment, more woes?

(bjreview.com.cn) Updated: 2012-10-09 15:58

Critics worry dozens of approved urban rail projects are unfeasible

The city of Shijiazhuang, a three-hour drive from Beijing, received some long-awaited news on Sept 5. The city, capital of North China's Hebei province, got the go-ahead to build its first subway from the National Development and Reform Commission, or NDRC, China's top economic planning agency.

"Subway construction has far-reaching significance for Shijiazhuang," said Jiang Deguo, the city's mayor. "It will help complete the city's transportation system."

More investment, more woes?
 
The Hangzhou subway is under construction on April 10, 2012. [Photo / bjreview.com.cn] 

Shijiazhuang residents have long desired a subway system because rush-hour congestion has made life miserable. Alongside the expansion of Chinese cities and urban population growth, transportation infrastructure has been deteriorating in a number of cities, and subway construction is widely perceived as a panacea.

Shijiazhuang was not the only city to welcome news from the NDRC. On Sept 5, the agency announced on its website the approval of plans and feasibility reports for 25 urban rail projects in cities including Taiyuan, Lanzhou, Guangzhou and Xiamen. The projects will cost more than 800 billion yuan ($126.88 billion).

Related reading: China approves 25 urban rail projects

The announcement marks the second round of government-driven investment fever this year. In August, the NDRC approved a batch of investment projects mainly focused on cement, iron and steel, construction, communications and equipment manufacturing sectors.

For Zhou Li, a professor at Tsinghua University School of Economics and Management, investment in urban rail projects is worthwhile since it boosts the economy and improves residents' well-being.

"On the one hand, it has a leverage effect, which will benefit downstream enterprises related to subway construction and hence help sustain economic growth. On the other hand, it will improve urban transportation conditions, which is quite an urgent need for many cities," said Zhou.

Benefits

Four years ago, the Shijiazhuang municipal government submitted a petition to the NDRC on rail construction. The blueprint revealed plans to build three subway lines at a cost of 43 billion yuan. Among the total, 40 percent, or 16.88 billion yuan, would be earmarked by the local government, and the rest would come from bank loans.

The petition was initially denied, likely because of the NDRC's and the central bank's concerns over bank loan risks and the fact that the Chinese Government had already launched a 4-trillion-yuan stimulus package in 2008.

However, the NDRC continued to receive applications for subway construction as more and more cities faced growing traffic congestion.

China's rail transportation development lags behind developed countries, said Wang Mengshu, an academic at the Chinese Academy of Engineering and assistant chief engineer of the China Railway Tunnel Group Co Ltd.

"In Tokyo and Paris, about 70 to 80 percent of the population chooses to commute through the rail system while the percentage in China's most developed cities such as Shanghai and Beijing is only 40 percent. The per capita track length in Tokyo is 20 cm while it is only 2.1 cm in Beijing. Without a doubt, China needs more rail construction to solve its transportation woes," said Wang.

Another benefit to rail construction is economic growth. China has seen its economy slow down since the last quarter of 2010. There are three driving forces for economic growth: exports, investment and consumption. Under the circumstances of dwindling exports and sluggish domestic demand, investment has once again become a key tool for economic growth, said Zhou. In light of this, the NDRC approved urban rail projects in 25 cities.

This move marks the government's latest effort to maintain growth, according to a report by Minsheng Securities.

Generally speaking, the NDRC considers three factors when assessing applications for subway construction: urban population, GDP and local finance. Nearly 50 Chinese cities qualify for subway construction based on the criteria, and 40 of them have already applied to the NDRC. By 2020, the total track length of China's rail system will amount to 5,500 km. With a current cost of 400 million yuan ($63.44 million) per km, the total cost is expected to reach 2.2 trillion yuan.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 免费一区二区三区四区 | 中国毛片视频 | 色婷婷中文 | 国产福利小视频在线观看 | 久草视频免费在线 | 97成人超碰 | 成人小视频在线播放 | 亚州男人的天堂 | 98国产在线 | 在线成人免费视频 | 久艹伊人| 最新日本中文字幕 | 亚州久久久 | 亚洲视频精选 | 国产在线观看av | 日韩av自拍 | 国产黄a三级三级看三级 | 亚洲高清网站 | 精品视频久久久久久久 | 手机看片国产日韩 | 国产精品欧美久久久久天天影视 | 亚洲免费黄色 | 日韩精品福利视频 | 亚洲不卡影院 | 在线免费日韩 | 天天色综合av | 国产一区二区三区视频 | 日韩www视频 | 欧美大片一区二区三区 | 在线免费观看成年人视频 | 亚洲天堂av在线播放 | 国产一区免费看 | 日本不卡一区二区三区 | 久久久在线观看 | 激情高潮呻吟抽搐喷水 | 夜色99| 日本美女裸体视频 | 四虎精品在线观看 | 亚洲综合三区 | 在线观看日韩视频 | 亚洲人在线视频 |