China’s rail users will be the biggest winners as the government’s detailed financial stimulus package come out. New high speed trains, a greatly expanded rail network and faster links between the country’s major cities, all now pulling out of the sidings, are racing towards completion.

China’s railway builders and train manufacturers, too, are celebrating their unexpected fruits following the government’s commitment to enlarge the rail infrastructure across the country. Companies in these sectors are expected to be the major beneficiaries of the 4 trillion yuan stimulus package lately announced by the government as its key policy in ensuring China’s economy continues to thrive, despite the situation of the global financial downturn.

The first fruits of this massive Read more…

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China, economy, investment, package, rail, train

According to the Ministry of Railway in a new release last week, the construction of a new railway station in Hangzhou has started.

The new one, which is planning to be finished by the end of 2012, costs 12 billion yuan ($ 1.75 billion), 5 million yuan more than Asia’s biggest Beijing South railway Read more…

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China, economy, Hangzhou, rail, station

Based on a report released by the Development Research Centre of the State Council, there are almost 40 cities in China building or planning to add 3,000 km of urban rail lines.

The projects that setting up and operating about 1,700 km in 15 cities by 2015 while other cities getting a green light will spend at least 600 billion yuan ($88 billion), according to the report.

Liu shijin, deputy chief of the centre said last Friday that the unexampled Read more…

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China, city, line, network, project, rail