Taiyuan railway equipment firm expects Q4 export rebound

Taiyuan Heavy Industry Railway Transit Equipment Co Ltd, located in North China’s Shanxi province, is expecting an export rebound in the fourth quarter after the company saw a sales decline in the overseas market due to the novel coronavirus pandemic, according to an official. “We have rolled out a series of measures to maintain a…

China-EU fast-track rail freight cooperation

A train loaded with medical equipment, including surgical face masks and protective gowns, departs Yiwu, Zhejiang province, for Madrid, Spain, last month to help in the fight against the COVID-19 pandemic. LYU BIN/FOR CHINA DAILY Having departed from Nanchang, capital of Jiangxi province, a cargo train loaded with COVID-19 protective equipment and materials arrived in…

URUMQI – The laying of railway tracks for a new line linking Northwest China’s Xinjiang Uygur autonomous region with Qinghai province and beyond was completed Tuesday, paving the way for accelerating development in the country’s western region. The 1,213.7-km Golmud-Korla Railway, linking the city of Golmud in Qinghai and the city of Korla in Xinjiang,…

China’s cargo transport back to normal growth

BEIJING – China’s cargo transport industry reported faster growth in June with business activities recovering to normal levels, industry data showed. The China Transportation Services Index (CTSI) stood at 153.9 points last month, down 11.5 percent year-on-year, according to the China Academy of Transportation Sciences (CATS). The decrease narrowed from the 16.5-percent drop recorded in…

Index shows China new growth drivers thrive

Passengers take photos of the Shanghai-Suzhou-Nantong Yangtze River Bridge on a train from Shanghai to Nantong as both the bridge and the Shanghai-Suzhou-Nantong Railway opened on July 1. [Photo/CHINA NEWS SERVICE] BEIJING — New development drivers are increasingly underpinning China’s growth, with the internet-based industries adding to economic vitality, an index showed. The new growth…

China to add 4,400 km rail lines this year

BEIJING — 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…