China to add 4,400 km rail lines this year

Time:2020-07-20 10:19:27      Source:Xinhuanet.com

China is expected to launch new rail lines totaling 4,400 km this year as the country steps up infrastructure investment to shore up the economy, the China State Railway Group said.

Among the new lines, high-speed rail lines are expected to reach 2,300 km this year, the company said.

China has accelerated the resumption of railway projects amid control of the COVID-19 epidemic, with fixed-asset investment in railways reaching 325.8 billion yuan (about 46.51 billion U.S. dollars) in the first half of this year (H1), up 1.2 percent year on year, the company said.

The country has vowed to increase effective investment this year to support the economy, ramping up investments in new infrastructures, new urbanization initiatives and major projects.

China's fixed-asset investment went down 3.1 percent year on year in H1, narrowing from the 6.3-percent decline in the first five months, data from the National Bureau of Statistics showed.

Index RMB/t DoD Basis Date
Datong 5500 455 0 ex-mine 07-01
Shuozhou 5200 445 0 FOR 07-01
Ordos 5500 420 0 ex-mine 07-01
Yulin 6200 540 0 ex-mine 07-01
Liulin Low-sulphur 565 0 ex-mine 07-01
Gujiao Low-sulphur 1095 0 FOR 07-01
Xingtai Low-sulphur 1210 0 ex-Factory 07-01
Yangquan PCI 795 0 FOR 07-01
Index RMB/t WoW WoW% Date
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