Train companies' exports gain steam
Updated: 2012-12-25 11:17
Domestic market
Industry insiders say both of the train makers are likely to increase their production capacity in the coming years, not only to meet demand from foreign countries but also from the domestic market.
CNR recently announced it had entered into five contracts in the Chinese market that have a total value of 6.8 billion yuan.
As for CSR, five of the six new orders it recently signed came from domestic customers. Those have a value of 4.39 billion yuan.
Attempting to meet its annual investment goals, the Ministry of Railways has been putting more money into fixed railway assets in the past two months.
China's investments in fixed railway assets have included the purchase of transportation equipment. No more than 700 billion yuan will go into railway construction in 2013, slightly more than was used for that purpose this year, Chinese media have reported.
According to the Ministry of Railways, the value of investments into fixed railway assets this year is 630 billion yuan, of which about 516 billion yuan went to the construction of railway infrastructure.
baochang@chinadaily.com.cn
- BYD exports three electric cars to Thailand
- Grid gets first jolt of residential solar power
- US now largest buyer of China's exports
- China's outbound M&As on the rise
- Tobacco control may entail price, tax rises
- Quanzhou becomes pilot financial reform zone
- New automobiles shine at Geneva Motor Show
- World's longest high-speed rail 'on track'
- Jiugui Liquor involved in plasticizer scandal again
- Accident reignites school bus safety concerns
- China to revise labor law
- Trademark registration under scrutiny
- Dinner ban takes toll on liquor firms
- CIC tables bid for London's Chiswick Park
- Property buyers eye overseas market
- Call for law to protect personal information
- China to cut train ticket prices
- Christmas business
- Solar industry to get jolt from new policies
- KFC chicken under spotlight
Survey & Comments
