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

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: 九色porny丨国产精品 | 国产做受网站 | 欧美丰满美乳xxx高潮www | 小黄书在线观看 | 亚洲美女视频在线观看 | 成人免费观看在线视频 | 亚洲视频一区 | 日日夜夜免费精品视频 | 国产精品久久久久久久久久久免费看 | av黄色免费网站 | 一本一道波多野结衣一区二区 | 影音先锋男人天堂 | 国产精品第9页 | 成人在线观看一区 | 久久精品成人一区二区三区蜜臀 | 免费观看av的网站 | 午夜剧场伦理 | 国产成人精品免费 | 91在线免费视频 | 亚洲欧美专区 | 国产在线播放一区二区三区 | 色婷婷亚洲 | 涩涩网址 | 国产伦精品一区二区三区视频黑人 | 一区二区三区在线观看免费 | 一区二区三区免费视频观看 | 女人天堂av | 一区二区视频在线观看 | 亚洲欧美综合网 | 日日人人 | 草草影院在线 | caoporn人人 | av国产在线观看 | 亚洲精品国产精品乱码不卡√香蕉 | 亚洲一区视频在线 | 超碰中文在线 | 国产精品久久久久久一区二区三区 | 国产羞羞网站 | 欧美大片在线看免费观看 | 在线91| 欧美性猛交bbbbb精品 |