China’s high-speed rail is expected to generate USD 64 billion in output value and help propel the country’s “one belt, one road” proposal in 2015.
The total length of high-speed railway in China has exceeded 15,000 km after three new routes launched at the end of 2014, namely the Lanzhou-Xinjiang, Guiyang-Guangzhou and Nanning-Guangzhou lines.
China’s effort in high-speed rail development has also reached beyond the domestic market. In July, 2014, the Ankara-Istanbul high-speed rail network jointly built by the Chinese was launched. More than 20 other countries, including Thailand, Brazil, Mexico and Russia have either been working with China to build high-speed rail networks or are seeking opportunities to work with the country on related projects. The total investment value has come to an estimated US$480 billion, reports Beijing’s Securities Daily.
China’s Ministry of Finance has said that a major task for the country in 2015 is to implement the strategic development of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, known as the “one belt, one road” project, and speed up infrastructure development.
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