Monday, 21 February 2011China plans to spend at least $1.3 trillion over the next five years to ease transport and freight bottlenecks. China has spent $569 billion on fixed-asset investments in its railways and roads over the past two years. This may help to more than double the country's share of world exports to 23 percent in the next decade, according to China International Capital Corp economist Zhang Zhiwei.
Over the next five years China will spend as much as RMB 3.5 trillion ($531 billion) on railway construction, RMB 750 billion ($113.8 billion) on rail rolling stock, RMB 3.5-4 trillion ($531-607 billion) on highways, RMB 300-350 billion ($45.5-53.1 billion) on airports, and RMB 900 billion ($136.6 billion) on ports.
Meanwhile, China is spending RMB 2 trillion ($303.5 billion) on a 16,000-km high-speed rail network. More than 7,000 kilometers of track have already been laid and another 6,000 kilometers are scheduled to open by 2012.
Tags: China , Far East , investments , construction , East Asia and PacificOver the next five years China will spend as much as RMB 3.5 trillion ($531 billion) on railway construction, RMB 750 billion ($113.8 billion) on rail rolling stock, RMB 3.5-4 trillion ($531-607 billion) on highways, RMB 300-350 billion ($45.5-53.1 billion) on airports, and RMB 900 billion ($136.6 billion) on ports.
Meanwhile, China is spending RMB 2 trillion ($303.5 billion) on a 16,000-km high-speed rail network. More than 7,000 kilometers of track have already been laid and another 6,000 kilometers are scheduled to open by 2012.
(sourced:steelorbis)
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