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

China hikes railway spending for 3rd time

Updated: 2012-09-05 06:47

By Sophie He(HK Edition)

  Print Mail Large Medium  Small

The Ministry of Railways has raised its target for railway construction spending this year to 496 billion yuan ($78.15 billion) from 470 billion yuan in a move seen as part of the government's latest efforts to shore up the slowing economy.

"The investment on new railways will be at least 67 billion yuan a month from September till the end of this year," China Railway Group President Bai Zhongren told a press conference in Hong Kong on Tuesday.

This is at least the third time this year that the Ministry has raised its investment target since the start of July when Premier Wen Jiabao said promoting investment growth is key to stabilizing economic expansion that has fallen to the slowest pace in three years.

In its previous moves, the Ministry has raised its spending target from 406 billion yuan to 470 billion yuan. The latest investment target (496 billion yuan) is 35 billion yuan more than last year's spending of 461 billion yuan

Meanwhile, data from the Ministry of Railways showed that total investment in railway fixed assets during the first seven months of 2012 was 30 percent less from a year ago, due to fewer new projects and lack of funding.

"The Ministry of Railways will hold a mobilization meeting soon, which is very rare and it demonstrates its determination on boosting the railway construction," said Bai, adding that he believes that the funding needed by the Ministry has already been secured.

Liao Qun, chief economist of the China Banking Group at Citic Bank International, told China Daily that currently, one of the major measures used by the central government to stabilize the country's economic growth is by increasing investment in infrastructure projects.

"The scale of the spending on infrastructure this year won't be as large as it was in 2009, as the central government only needs to deliver a 7.5 percent GDP growth for the country," said Liao.

China's official PMI, one of the earliest indicators of China's economy, fell more than expected to 49.2 in August from 50.1 in July, the lowest in nine months, giving rise to expectations of more policy easing by the government.

S&P Capital IQ analyst Hooi Tow Chew also said in a report that the central government is set to step up infrastructure projects' approvals to support economic growth amid easing credit.

He pointed out that China Railway Group will benefit from this move as railways construction contracts are expected to pick up following the increase in railway spending budget.

China Railway Group, the country's leading heavy infrastructure company, posted a decline in its first half net profit as the country spent less on building new railway lines.

"I can tell you for sure that the second half of this year will be better than the first half (for China Railway Group)," Bai told China Daily.

During the first half of 2012, the company's new infrastructure construction contracts was 200.72 billion yuan, up 13.36 percent year-on-year; by the end of June, the company's backlog of infrastructure construction contracts was 937.34 billion yuan, 4.3 percent more then it had at the end of last year.

sophiehe@chinadailyhk.com

China hikes railway spending for 3rd time

(HK Edition 09/05/2012 page2)

主站蜘蛛池模板: 国产在线视频第一页 | 这里只有精品国产 | 少妇白浆| 中文字幕亚洲成人 | 91精品麻豆 | 国产二区视频在线观看 | 久久久免费看片 | 亚洲精品网站在线观看 | 精品免费久久 | 日日操免费视频 | 日本a级黄色 | 日韩成人中文字幕 | 国产极品一区 | 狼干综合 | av黄色免费网站 | 国产a免费 | 欧美日韩久久久久久 | 在线看毛片网站 | 在线观看黄色av | 国产玖玖视频 | 成人午夜视频免费看 | 91精品国产欧美一区二区 | 亚洲一区二区三区免费在线观看 | 色视频在线免费观看 | 国产视频在线一区二区 | 国产在线播放一区 | 九九热在线视频 | 亚洲成人7777 | 亚洲精品网址 | 在线播放国产一区 | 日韩国产欧美一区二区三区 | 永久免费看成人av的动态图 | 激情丁香六月 | 日韩香蕉视频 | 亚洲激情一区 | 九九热精品视频 | 精品一区二区三区四区 | 在线一区二区三区四区 | 中文字幕+乱码+中文 | 午夜性福利视频 | 狠狠狠狠狠狠狠 |