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 450 0 ex-mine 06-19
Shuozhou 5200 435 0 FOR 06-19
Ordos 5500 415 0 ex-mine 06-19
Yulin 6200 535 0 ex-mine 06-19
Liulin Low-sulphur 560 0 ex-mine 06-19
Gujiao Low-sulphur 1095 0 FOR 06-19
Xingtai Low-sulphur 1210 0 ex-Factory 06-19
Yangquan PCI 770 0 FOR 06-19
Index RMB/t WoW WoW% Date
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