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China Railway Equipment Industry Report 2009
The latest railway equipment procurement plan made in 2008 stipulated RMB500 billion for 2009 to 2012 and RMB125 billion for each year from 2009 to 2012.
Since 4Q 2008, railway sector has played an important role in stimulating domestic demand by railway construction in accordance with the deployment of the central government. It completed the investment of RMB416.847 billion in 2008, up 61.5% from the same period of last year. In 2009, China's railway construction projects are scheduled to invest RMB600 billion. In the previous 8 months, the accomplished investment was up to RMB332.434 billion, with an increase of 95.8% against the same period of last year.
The latest railway equipment procurement plan made in 2008 stipulated RMB500 billion for 2009 to 2012 and RMB125 billion for each year from 2009 to 2012. Considering the development of passenger and freight transport as well as the production of new railways, China plans to spend RMB300 billion on locomotives in 2009 and 2010. The market of railway locomotives will be sized by RMB200 billion.
Starting from 2003, railway equipment investment will stabilize at a high level. High-speed EMUs, high power locomotives and metro rail vehicles have the most significant growth prospect.
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