综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Economy

Markets

Industries

Insights

Reports

Events

Govt sets $300b for railway construction

(China Daily)
Updated: 2008-10-25 10:46

Workers fix fasteners on rail pillow of the Jiujiang railway bridge over the Yangtze River.[Asianewsphoto]

The State Council has approved 2 trillion yuan ($292 billion) for the construction of a series of railway projects, to help boost economic growth amid the worldwide financial crisis.

Increasing investment in fixed assets has remained a catalyst of China's economic development. By 2010, the total length of China's railway will reach 90,000 km, according to the Ministry of Railways.

A number of major railway projects will be started soon, www.ce.cn - the country's leading economic news portal - quoted Wang Yongping, spokesman for the Ministry of Railways, as saying on Friday.

About 1.2 trillion yuan has already been allocated, he said.

Zheng Xinli, a senior government policy advisor, said: "In 1997, we dealt with the Asian financial crisis by stimulating domestic economic growth by investing in the construction of highways. This time the money will go on improving the rail network."

The National Development and Reform Commission is developing plans to improve the country's railway systems, he said.