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Showing posts with label China Railway Corporation (CRC). Show all posts
Showing posts with label China Railway Corporation (CRC). Show all posts

Tuesday, 7 July 2015

12:11

China’s Unified Bullet-Train Standards expected to be adopted by over 30 Countries

China’s Unified Bullet-Train Standards expected to be adopted by over 30 Countries

Recently, Chinese Unified Bullet-Train Standards, with the speed of 350 kilometers per hour and completely independent intellectual property rights, officially started trials in the eastern suburbs of Beijing. The trials mark the impressive progress that research on the Chinese Unified Bullet-Train Standards has made thus far.

Journalists of the People’s Daily learned that based on Chinese national standards,industrial standards, and CRC (China Railway Corporation) standards, the “Chinese Unified Bullet-Train Standards” is especially designed for railway operating environment and standards in China. Abiding by principles such as safety, reliability, trains with Unified Bullet-Train Standards are more comfortable and environmental friendly. For example, there is more space between seats, multiple lighting models, free WiFi access,and watch and reserve facilities for large pieces of baggage.

Chinese high-end manufacturing industries like high-speed rail and nuclear energy are now rapidly expanding on the world market, as “Chinese industry standards become the world standard.” This February, the country’s first design specification standards for high-speed railways were implemented. China is devoted to promoting the standards to other countries that import Chinese high-speed rail like Malaysia, Singapore, India, and Russia etc. In the future, more than 30 countries including Iran, the US, Venezuela are also expected to adopt the “Chinese standard.”

The “Chinese standard” now is quickly heading worldwide. In the future, there will be more Chinese standardized bullet trains to replace the old models, running around the world.

Sunday, 14 September 2014

21:33

China’s premier stresses Social Funds in railway construction

China’s premier stresses Social Funds in railway construction

Beijing:  Chinese premier Li Keqiang has encouraged the China Railway Corporation (CRC) to further emancipate the mind and seek more social capital, the central government’s website reported on Sunday.

“Railway construction invested solely by the government and promoted by administrative orders will not work any more,” said the premier during an inspection tour to the CRC on Friday.

Li said innovations in investment and financing are key to reform in the railway sector. He asked the CRC to explore ways of better soliciting non-governmental funds and gather experience for other state-owned enterprises.

“Railway development is multifunctional as it can stabilize economic growth, enhance social harmony and push forward urbanization,” said the premier.

China spent a lot on railways in recent years and attached great importance to reforming railway investment and financing mechanism since the CRC’s inception in March 2013.

The State Council, the cabinet, released an action plan to deepen reform in railway investment and financing in April after an executive meeting chaired by Li.

According to the plan, a railway development fund will be set up and open to social investment. The fund’s value is expected to reach up to 300 billion yuan (US$48.6 billion).

In addition, 150 billion yuan (US$24.4 billion) of railway bonds will be issued this year. The government will also encourage banks to fund railway construction.

Rail links in central and western regions will be prioritized to expand investment, boost related sectors, and help urbanization, noted the plan.

Shortly after the cabinet meeting, the CRC raised railway investment target for 2014 to 800 billion yuan (US$130 billion) and aimed to put over 6,600 kilometers of new lines into operation, mostly in the central and western regions.