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Increase Railway Investment to Absorb Steel and Cement

2014-01-03 763 0人评论
  　The release of the list of enterprises with outdated production capacity marked the start of the 2013 campaign to eliminate outdated capacity. Only by using the "visible hand" of government to drive the "subtraction" of eliminating outdated production capacity can high-energy-consumption, high-pollution outdated capacity be forced out of the market step by step. Sources close to China Railway Corporation said that recently, after hearing a work report from the corporation, decision-makers said that railway development should continue, on the grounds that railway construction can absorb part of the outdated capacity, such as steel and cement. According to the plan formulated by the former Ministry of Railways, fixed investment in 2013 will be 650 billion yuan, including 520 billion yuan in infrastructure investment, with 5,200 kilometers of new lines planned to open.
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