China's consumer staples stocks, led bymakers of the fiery Chinese liquor, are helping drive stock gains this year as sales prospects get rosier.
In the next fi ve years, China will invest 3.5 trillion yuan ($503 billion; 478 billion euros; £407.5 billion) to accelerate railway construction, including expansion of the country’s high-speed rail network to 30,000 kilometers, a senior o* cial said on Dec 29.
The opening of two highspeed rail lines on Dec 28 and the start of work on a newline the following day signaled that China’s highspeed rail construction program continues to move forward at a rapid pace.
A recent survey by social networking app QQ has unveiled that fast walking topped all exercise activities in China in 2016 due to its accessibility and lowcost.
China released awhite paper titled "Development of China's Transport" on Thursday, which Hu Kaihong, director of the State Council Information Office’sPressBureau, saidis the first white paper to review the sector’s tremendous changes in recent decades and to set goals for its future.
In July, the National Development and Reform Commission issued an updated national railway development plan envisioning 38,000 kmof highspeed railways by the end of 2025, up from more than 20,000 kmnow.
China opened two major highspeed rail lines on Wednesday, linking the country's less developed southwest with builtup coastal areas. It also marks Yunnan province’s entry into the nation’s highspeed railway network. The new lines link its capital, Kunming, with Shanghai and Guangzhou.
International Finance Corporation,a member of the World Bank Group, will increase its venture capital investments in China’s innovative startups sector next year, a senior company executive said.