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 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
中国煤炭市场��?