Subscribe free to our newsletters via your
. 24/7 Space News .




FAST TRACK
China to spend $40 bn on railways to support economy: report
by Staff Writers
Beijing (AFP) May 18, 2015


China's top economic planning body has approved the construction of six railways expected to cost some 250 billion yuan ($40.8 billion) to support the faltering economy, a report said Monday.

The National Development and Reform Commission (NDRC) hopes the spending on the lines extending more than 1,000 kilometers (620 miles) in total will "stabilise" economic growth, the official Xinhua news agency reported.

There will be four high-speed lines in the eastern provinces of Shandong and Jiangsu, and in the northeastern province of Liaoning, as well as two rail transit systems in the southwestern cities of Chengdu and Nanning, it quoted the NDRC as saying.

No information was given on how the central and local governments will fund the lines.

A separate NDRC document released Monday said there are plans to promote public-private partnerships to attract private capital into infrastructure construction.

China's gross domestic product expanded 7.4 percent last year, the slowest since 1990. Growth weakened further to 7.0 percent in the January-March period, the worst quarterly result in six years.

Authorities have taken a series of steps to stimulate the economy, including an interest rate cut this month -- the third in six months.

The NDRC said earlier this year that it would give investment a "key role in stabilising economic growth".

Last year the commission approved transport infrastructure projects worth 34 billion yuan including railways, roads, airports and waterways.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Great Train Journey's of the 21st Century






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





FAST TRACK
Japan's maglev train notches up new world speed record
Tokyo (AFP) Apr 21, 2015
Japan's state-of-the-art maglev train set a world speed record Tuesday in a test run near Mount Fuji, clocking more than 600 kilometres (373 miles) an hour. The seven-car maglev - short for "magnetic levitation" - train, hit a top speed of 603 kilometres an hour, and managed nearly 11 seconds over 600kph Central Japan Railway said. The new record came less than a week after the com ... read more


FAST TRACK
NASA's LRO Moves Closer to the Lunar Surface

European Space Agency Director Wants to Set Up a Moon Base

Russia Invites China to Join in Creating Lunar Station

Japan to land first unmanned spacecraft on moon in 2018

FAST TRACK
Quick Detour by NASA Mars Rover Checks Ancient Valley

Curiosity tracks sundown on Mars

Russian Scientist Gets Patent on Transfiguring Martian Atmosphere

NASA funds SwRI instrument to date Moon and Mars rocks

FAST TRACK
High-tech Analysis of Orion Heat Shield Underway

Getting the LDSD Vehicle to Test Altitude

NASA Selects Advanced Space Technology Concepts

Welding Begins on Orion Pathfinder

FAST TRACK
3D printer making Chinese space suit parts

Xinhua Insight: How China joins space club?

Chinese scientists mull power station in space

China completes second test on new carrier rocket's power system

FAST TRACK
Russia delays return of ISS crew members after supply ship failure

Manned mission to ISS to be delayed due to cargo spacecraft's failure

Progress Incident Not Threatening Orbital Station, Work of Crew

Russia loses control of unmanned spacecraft

FAST TRACK
Russia to Launch US Comms Satellite Into Space

Fifth Vega takes shape for its flight with Sentinel-2A

'Team Patrick-Cape' supports Pad Abort Test

Local launch expertise; world-wide attention

FAST TRACK
Weather forecasts for planets beyond our solar system

Astrophysicists offer proof that famous image shows forming planets

Astronomers detect drastic atmospheric change in super Earth

New exoplanet too big for its star

FAST TRACK
Separating rare earth metals with UV light

NASA Challenges Students to Design 3-D Space Containers

Telescope-Laser Cannons to Clean Up Dangerous Space Junk

Researchers match physical and virtual atomic friction experiments




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.