logo
China Makes Another High-Speed Rail Breakthrough

China Makes Another High-Speed Rail Breakthrough

Miami Herald27-06-2025
The Chongqing East to Qianjiang section of the Chongqing-Xiamen High-Speed Railway, a key part of China's high-speed rail network, began operation on Friday.
An inaugural train departed from Chongqing East Railway Station and reached Qianjiang Railway Station, marking the launch of the 242-kilometer segment of the Chongqing-Xiamen high-speed railway, according to China Daily.
Newsweek reached out to the Chinese Ministry of Transport for comment via email.
China operates the world's most extensive high-speed rail network, with more than 24,855 miles of operational lines, according to a 2023 report from the International Union of Railways. China alone accounts for nearly double the combined length of the rest of the world's high-speed rail systems, while Western competitors, such as the United States, struggle to develop at the same pace.
The new segment, which started construction in May 2020, operates at speeds of up to 350 kilometers per hour and will run up to 54 trains daily.
This development closes a crucial gap between Chongqing and Changsha, the capital of Hunan province, facilitating faster travel between two major regional economic hubs.
The completed Chongqing to Changsha link, together with the Ganzhou to Xiamen section and the under-construction Changsha to Ganzhou section, is set to form the entire Chongqing-Xiamen high-speed rail corridor.
Travel time from Chongqing to Changsha can be as short as three hours and 53 minutes, which is another fast passenger transport route between the Chengdu-Chongqing economic circle and the Changsha-Zhuzhou-Xiangtan area.
Xiamen, which will eventually be fully linked, is a major port city on China's southeast coast, meaning its infrastructure could fuel increases in trade and travel efficiency for the inland-to-coastal corridor.
The Chongqing East to Qianjiang section starts at Chongqing East Railway Station and passes through areas including the Nanan District, Wulong District, and Qianjiang District. It connects to the Qianjiang Railway Station of the Qianjiang-Zhangjiajie-Changde high-speed railway.
Yang Zhiyong, commander of the Wulong Command Center of the Chongqing-Guizhou Chongqing-Wanzhou Railway Company,in a statement to Bastille Post Global: "With the opening of the high-speed railway, travelers can reach Zhangjiajie from Chongqing East in two and a half hours and get to Changsha from Chengdu East in about six hours.
"This has established a new transport corridor connecting Chengdu, Chongqing, and Hunan, which is important for promoting rapid socio-economic development in the region."
With the full Chongqing-Xiamen corridor on track for completion, future segments are under construction as China maintains its position as a global leader in high-speed rail expansion.
Related Articles
Donald Trump to Invent Trade Deals for Countries That Refuse to NegotiateScott Bessent Offers New Details On China Deal NegotiationsIran Joins China and Russia in Security Talks After US StrikesCzech Intelligence Reveals China Plan to Crash Into Taiwan Vice President-Elect
2025 NEWSWEEK DIGITAL LLC.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

OPEC+ Confirms Bumper Oil Output Boost
OPEC+ Confirms Bumper Oil Output Boost

Bloomberg

time7 minutes ago

  • Bloomberg

OPEC+ Confirms Bumper Oil Output Boost

Good morning. OPEC+ agrees to another output increase. Swiss markets get a chance to react to Donald Trump's tariffs. And our luxury reporter shares countryside escapes close to London. Listen to the day's top stories. OPEC+ agreed to another major output increase, stoking concerns about global oversupply just as the US-led trade war may be exacting a toll on economic growth and energy consumption. Here's our explainer about how OPEC+ and tariffs are driving down prices of the commodity.

Russia's inflation fight is working — at the cost of growth
Russia's inflation fight is working — at the cost of growth

Business Insider

time8 minutes ago

  • Business Insider

Russia's inflation fight is working — at the cost of growth

Russia may be getting its spiraling inflation under control, but it comes at a growing economic cost, according to a think tank. "Current inflationary pressures, including underlying ones, are declining faster than previously forecast," Russia's central bank said last month. Russia's inflation fell from 8.2% in the first quarter to 4.8% in the second quarter, prompting its central bank to lower its key interest rate from 20% to 18%. "The economy continues to return to a balanced growth path," the central bank added. That phrase is just "a euphemism for anemic growth," wrote Alexander Kolyandr, a senior fellow at the Center for European Policy Analysis, on Thursday. The Bank of Russia expects Russia's economy to grow 1% to 2% this year. Meanwhile, the International Monetary Fund expects growth of 0.9%. Russia's central bank projects the key interest rate to average between 18.8% and 19.6% this year and fall to 12% to 13% next year — a shift from aggressive interest-rate hikes from mid-2023 to tame an overheating war-fueled economy. Such high rates were effective at cooling prices. But they have also made borrowing more expensive and dampened both consumer demand and business investment. Since its full-scale invasion of Ukraine triggered sweeping Western sanctions, Russia has kept its economy afloat through massive defense spending and revenue from oil and gas exports. But that momentum may be running out. Growth stalls as manufacturing contracts and momentum fades The country's GDP grew just 1.4% in the first quarter — a sharp slowdown from the previous quarter. In July, Russia's manufacturing sector posted its steepest contraction in three years, according to S&P Global's Purchasing Managers' Index. "Weak client demand and financial difficulties at customers" weighed on output and new orders, wrote S&P Global. Business confidence was the lowest in three years. The slowdown in manufacturing suggests Russia's wartime economy may be losing momentum, adding pressure on policymakers to strike a delicate balance. "For the Kremlin, a brief period of low growth is tolerable, though combined with lower oil prices, it would reduce fiscal revenues," CEPA's Kolyandr wrote. "The main gamble is that the cooling of the economy won't trigger a prolonged recession," he added. Russia's central bank now finds itself walking a tightrope: keeping inflation in check while avoiding a deeper downturn. Continued wartime spending could easily reignite inflation, but pulling back could deepen the slowdown, especially as foreign investment remains scarce and consumer confidence weak. Meanwhile, President Donald Trump is putting pressure on Russia to end its war with Ukraine with new penalties, including secondary tariffs. Last week, Trump announced a 25% tariff on India and a "penalty" for its purchases of Russian oil.

Asian markets are mixed after Wall St tumbles following poor US jobs report

time19 minutes ago

Asian markets are mixed after Wall St tumbles following poor US jobs report

BANGKOK -- Shares in Asia are mixed after Wall Street had its worst day since May following the release of weak U.S. jobs data. Markets in Asia had already reacted on Friday to U.S. President Donald Trump's announcement of sweeping tariffs on imports from many U.S. trading partners, posting moderate losses. The new import duties are set to take effect on Thursday. Tokyo's Nikkei 225 index lost 1.6%, bouncing back from bigger losses, to 40,134.97. The Hang Seng in Hong Kong edged 0.2% higher, to 24,589.21, while the Shanghai Composite index was nearly unchanged at 3,562.18. In South Korea, the Kospi surged 0.7% to 3,140.92. Australia's S&P/ASX 200 shed 0.2% to 8,643.00. Investors' worries about a weakening U.S. economy deepened after the latest report on job growth in the U.S. showed employers added just 73,000 jobs in July. That is sharply lower than economists expected. The Labor Department also reported that revisions shaved a stunning 258,000 jobs off May and June payrolls. 'The labor market, once a pillar of resilience, is now looking more like a late-cycle casualty, as soft data begin to replace soft landings in market discourse,' Stephen Innes of SPI Asset Management said in a commentary. U.S. futures edged 0.3% higher, however, early Monday. On Friday, the S&P 500 fell 1.6%, its biggest decline since May 21 and its fourth straight loss. It closed at 6,238.01, posting a 2.4% loss for the week. The Dow Jones Industrial Average fell 1.2% to 43,588.58, while the Nasdaq composite fell 2.2% to finish at 20,650.13. Internet retail giant Amazon fell 8.3%, despite reporting encouraging profit and sales for its most recent quarter. Technology behemoth Apple fell 2.5% after also beating Wall Street's profit and revenue forecasts. Both companies face tougher operating conditions because of tariffs, with Apple forecasting a $1.1 billion hit from the fees in the current quarter. Trump's decision to order the immediate firing of the head of the government agency that produces the monthly jobs figures raised concern over whether there might be interference in future data. The surprisingly weak hiring numbers led investors to step up their expectations the Federal Reserve may cut interest rates in September. The yield on the 10-year Treasury fell to 4.21% from 4.39% just before the hiring report was released. That's a big move for the bond market. The yield on the two-year Treasury, which more closely tracks expectations for Fed actions, plunged to 3.68% from 3.94% just prior to the report's release. The Fed has held rates steady since December. A cut in rates would give the job market and overall economy a boost, but it could also risk fueling inflation, which is hovering stubbornly above the central bank's 2% target. An update on Thursday for the Fed's preferred measure of inflation showed that prices ticked higher in June, rising to 2.6% from 2.4% in May. The Fed held rates steady again at its most recent meeting this week. Fed Chair Jerome Powell has been pressured by Trump to cut the benchmark rate, though that decision isn't his to make alone, but belongs to the 12 members of the Federal Open Market Committee. Businesses, investors and the Fed have been operating under a cloud of uncertainty from Trump's tariff policy. Companies have been warning investors that unpredictable policies, with some tariffs already in effect while others change or get extended, make it difficult to plan ahead. Walmart, Procter & Gamble and many others also have warned about import taxes raising costs, eating into profits and raising prices for consumers. In other dealings early Monday, U.S, benchmark crude oil lost 18 cents to $67.15 per barrel. Brent crude, the international standard, fell 23 cents to $69.44 per barrel. The U.S. dollar rose to 147.80 Japanese yen from 147.26 yen. The euro weakened to $1.1577 from $1.1598.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store