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High-speed rail new engine of Chinese economy: HK media  

港媒:高铁正成为支撑中国经济新常态的火车头

《香港商报》27日发表文章称,随着房地产开始降温,以高铁为代表的高科技制造业,正成为内地新的经济增长点,支撑起中国经济的新常态,成为拉动经济发展的火车头。[查看全文]
2014-08-27 17:03 Ecns.cn Web Editor: Si Huan
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(ECNS) -- China's high-speed rail, representative of the country's high-tech manufacturing industry, is becoming a new economic growth point on the Chinese mainland as the real estate market cools, according to Hong Kong Commercial Daily.

The report said the influence of high-speed rail on China's economy is no less than that of real estate. It promotes the development of related technology, research and development, manufacturing, construction and labor services, the whole of which can form a massive and integrated industrial chain.

The massive coverage and safety of the high-speed rail network make the mainland more competitive amongst other main economies, it said.

China has obtained rich experience in constructing railways at home, at a cost much lower than in other countries, which offer it more advantage in exporting such technology.

This can also facilitate its export of products and labor, while in return, assist in related industrial transformation and upgrading.

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