19,210 km

China Daily (Hong Kong) - - BUSINESS -

length of high-speed rail­roads in China at the end of 2015

also in takeover talks with Czech Repub­lic’s Skoda Trans­porta­tion. Any deal would mark the Chi­nese group’s first takeover of a full-fledged rail tran­sit equip­ment man­u­fac­turer.

Skoda Trans­porta­tion mainly pro­duces trams, elec­tric lo­co­mo­tives, car­riages, elec­tric buses, trac­tion mo­tors and com­plete drives for traf­fic sys­tems.

“Widen­ing the in­ter­na­tional sales net­work and man­u­fac­tur­ing bases in over­seas mar­kets can help not only the Chi­nese rail equip­ment man­u­fac­turer but in­fra­struc­ture and ser­vice providers, who can en­hance their lo­cal­iza­tion abil­i­ties. Ex­panded global play could also help gain political and pub­lic support through lo­cal em­ploy­ment,” said Cheng Hui, a re­searcher at the In­sti­tute of Trans­porta­tion Re­search un­der the National De­vel­op­ment and Re­form Com­mis­sion.

By 2015-end, China had built more than 19,210 km of high-speed rail­roads coun­try-wide, build­ing a solid foun­da­tion for an in­dus­try that can gen­er­ate new mar­ket growth points dur­ing the na­tion’s 13th Five-Year Plan pe­riod.

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