China’s national railway operator projects passenger trips to cross 67 per cent YoY in 2023 and forecasts that overall transport revenue will resume to pre-pandemic levels. The nation had around 4,100 km of new railway lines put into operation last year of which more than half were high-speed railways, according to several Chinese media reports.
China’s railway cargo delivery volume totalled 3.9 billion tonnes in 2022, which is an increase of 4.7 per cent YoY. The country’s railway cargo services earned 478.6 billion yuan in 2022—surging 9.8 per cent YoY, as per the China State Railway Group Co Ltd. China’s national railway operator projects passenger trips to cross 67 per cent YoY in 2023.
In 2023, more than 3,000 km of new railway lines will be operation-ready and 2,500 km of these will be high-speed railways.
Fibre2Fashion News Desk (NB)