Home » Midday Express | By the end of 2023, my country’s high-speed rail operating mileage will reach 45,000 kilometers – 21 Economic Network

Midday Express | By the end of 2023, my country’s high-speed rail operating mileage will reach 45,000 kilometers – 21 Economic Network

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According to the National Railway Administration, China’s high-speed rail operating mileage is set to reach 45,000 kilometers by the end of 2023. With the continuous advancement of railway construction, the country’s railway network has become denser, with about 80% of the main channels of the “eight vertical and eight horizontal” high-speed railway network completed. The general-speed railway network has also been continuously improved, with the national railway operating mileage reaching 159,000 kilometers by the end of 2023. This indicates significant progress in the development of the country’s railway infrastructure.

In Beijing, efforts are being made to promote the application and issuance of infrastructure Real Estate Investment Trusts (REITs) in order to revitalize existing assets, improve infrastructure operation and management, and drive new investments. The Beijing Municipal Development and Reform Commission is leading a dedicated team to provide training, guidance, and support to enterprises applying to issue infrastructure REITs.

Additionally, a report jointly released by Ernst & Young and the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products at the 2024 Consumer Electronics Show in Las Vegas, USA revealed that China is becoming the global leader in consumer electronics and home appliances. The report highlighted that China’s contribution to global sales in this industry has exceeded 22%, solidifying its position as a major player in the sector.

Furthermore, the Passenger Car Association released the retail sales rankings of new energy manufacturers for the year 2023. BYD Auto, Tesla China, and GAC Aian secured the top positions with retail shares of 35.0%, 7.8%, and 6.3% respectively, demonstrating the growing popularity and demand for new energy vehicles in the Chinese market.

These developments signify the continued growth and advancements in China’s infrastructure, consumer electronics, home appliances, and automotive industries, positioning the country as a key player in the global market.

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