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China Locomotive & Rolling Stock Manufacturing Industry Report, 2008-2009 (Chinese Version)
Research In China, Feb 2009, Pages: 70
In order to fight with the global economy declines, China launched a series of measures to stimulate domestic consumption at the end of 2008. Meanwhile, railway construction was one of the most important focuses, and the corresponding investment approved by the State Council reached CNY2 trillion.
The total railway mileage in China is expected to be beyond 95,000 km by the end of 2010, and the figure will reach as many as 120,000 km by 2020. In addition, the rate of double-tracked ratio and electrified railways is expected to reach 50% and 60% respectively.
According to the Ministry of Railways, the total railway transport equipment investment in China will reach CNY500 billion during 2009 to 2012.
Especially, during 2009-2010, railway construction in China will enjoy dramatic growth, which will certainly create great demands for locomotives and rolling stocks. And during 2013-2020, the total market demand for electric locomotive & rolling stock and diesel locomotive & Rolling Stock is expected to reach CNY250 billion and CNY110 billion respectively.
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China Locomotive & Rolling Stock Manufacturing Industry Report, 2008-2009 (English Version)
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