Off the wire
China's Hebei cuts 14 mln tonnes of steel capacity  • Hong Kong stocks close 0.06 pct higher  • Singapore stocks close 0.77 pct lower  • Gold price closes higher in Hong Kong  • Foreign exchange rates in Hong Kong  • S. Korea, Japan to sign military intelligence pact this week despite opposition  • 1st LD-Writethru: China stocks rise to 10-month high  • Top news items in major Nigerian media outlets  • Guard dead in NE China bank robbery  • S. Korean parliament to call in conglomerate heads at hearings for presidential scandal  
You are here:   Home

China opens new rail lines

Xinhua, November 21, 2016 Adjust font size:

China's railway network is expanding steadily, with more than 3,200 kilometers of tracks expected to go into operation this year, according to the China Railway Corporation.

The new lines, totaling 57 projects, will help boost passenger capacity by 7.5 percent during the coming Spring Festival peak travel period, the corporation predicted.

China has a vast and efficient railway network, but construction has lagged behind in the less developed western regions.

As the economy falters, the government is looking to boost infrastructure investment in needy areas to support economic growth.

The efforts have taken effect to some extent, with fixed-asset investment in the sector reaching 542.3 billion yuan (about 80 billion U.S. dollars) in the first three quarters, up 10.3 percent year on year, according to official data. Endi