S&P 500
1667.27
-0.20 -0.01%
Dow Indu
15338.20
-16.20 -0.11%
Nasdaq
3501.23
+2.26 +0.06%
Crude Oil
95.92
-0.37 -0.38%
Gold
1357.50
+12.44 +0.92%
Euro
1.28500
+0.00070 +0.05%
US Dollar
84.069
-0.045 -0.06%
Strong

Market Commentary and Intraday News

China Plans 40,000 Km High-Speed Rail Network By 2015

299 days ago

(RTTNews) - China plans to have a high-speed rail network covering almost all its cities with a population of more than half-a-million by 2015.

The State Council, or China's Cabinet, late on Tuesday issued a plan for building a comprehensive transportation network during the 2011-2015 period
envisaging a high-speed rail network with a total operating length of more than 40,000 kilometers. Analysts expect a boom in China's railway equipment manufacturing industry in the coming years.

China will initially establish a comprehensive transportation network with a total length of 4.9 million kilometers, mainly including railways, roads and inland waterways, state media reported on Wednesday.

China's expansion of high speed rail network was marred by a series of recent accidents in which at least 50 people were killed and dozens injured. Several railway officials had been punished for the accidents.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2012 RTTNews.com. All Rights Reserved


INO.com on Facebook INO.com MarketClub on Twitter INO.com YouTube

© Copyright INO.com, Inc. All Rights Reserved.