2021-07-09
According to the website of Hong Kong's South China Morning Post on January 2nd, China's railway operators are laying tracks for the record breaking year of 2025. The total length of high-speed railways in the country is expected to exceed 50000 kilometers, and the total transportation revenue will exceed 1 trillion yuan
The development of the high-speed rail network not only broadens domestic travel options and reduces logistics costs, but also provides an opportunity for Beijing to export its cutting-edge technology and construction capabilities overseas, especially as Beijing prepares to host the World High Speed Rail Conference in July 2025
According to official media reports, China Railway Group Corporation (CRCC) announced at its annual work conference on January 2 that the operating mileage of high-speed railways in China has reached 48000 kilometers, and it is expected that 2600 kilometers of new railway lines will be put into operation nationwide by 2025
Due to the fact that China's first high-speed railway passenger line was only opened in 2008, this means an extraordinary development speed
As of the end of 2024, the operating mileage of high-speed rail accounts for about 30% of the 162000 kilometers of railway operating mileage in China, a significant increase from about 20% in 2017
Driven by the wave of passenger and freight transportation, China Railway achieved a total transportation revenue of 990.18 billion yuan in 2024, a year-on-year increase of 2.7%
In 2024, the national railway will send 4.08 billion passengers, a year-on-year increase of 10.8%. The high-speed rail network covers 97% of cities with a population of over 500000 in China
This year, the national railway sent 3.99 billion tons of goods, a year-on-year increase of 1.9%, achieving growth for 8 consecutive years
According to reports, China Railway Group has set even more ambitious goals for 2025, including a 2.6% increase in total transportation revenue to reach 1.016 trillion yuan; The passenger volume increased by 4.9%, reaching 4.28 billion people; The freight volume increased by 1.1%, reaching 4.03 billion tons
China Railway Group stated that it is expected that by 2030, the operating mileage of railways in the country will reach about 180000 kilometers, including about 60000 kilometers of high-speed rail
According to reports, Beijing has started applying its technology overseas to help build Indonesia's Jakarta Bandung high-speed railway, which will open in October 2023. This is a line with a total length of 142 kilometers, and the maximum operating speed of trains can reach 350 kilometers per hour. With many countries, including Vietnam, considering building their own high-speed railway networks, similar opportunities may arise again
The 12th World High Speed Rail Conference, to be held in July 2025, will also provide Beijing with an opportunity to showcase its latest technology, products, and equipment to potential overseas customers
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