| Chinese railways turnover touched 2.44 | | | | that the rail container transport is the |
| Trillion tons-kilometer during the period | | | | future of rail transport. Shunhu added that |
| January 2006 to December 2006. The rise was | | | | the railway shipment is much more safe, |
| 5.9% higher than in the same period of 2005, | | | | speedy, & energy-efficient as compared to |
| stated Wang Yongping, Railway Ministry | | | | shipment by trucks & ships. Wang further |
| spokesman. China's railways transported 1.109 | | | | added that the Chinese railway transportation |
| billion commuters in 2006's first eleven | | | | segment had continued to rise quickly & |
| months, up 8.3 % annually that was 98% of the | | | | the turnover for the year 2006 would be very |
| entire year's transportation goal, Wang said. | | | | high. As per the RNCOS report "China |
| The railway industry is an important part of | | | | Transportation Sector Analysis (2006-2007)", |
| China's comprehensive transportation system. | | | | Railways remain the most popular mode of |
| In past some years, railway mileage & its | | | | transportation for domestic cargo due to low |
| traffic, both have gone up rapidly, however, | | | | cost. On the other hand, roads are popular |
| the share of market of Chinese railways | | | | mode for domestic passengers mainly due to |
| transportation has observed a declining | | | | growth in motorization. For further |
| tendency. Because of limitations of the | | | | information on China transportation sector, |
| system, China's railway sector still remains | | | | read the report "China Transportation Sector |
| behind in areas of investment & | | | | Analysis (2006-2007) published by RNCOS at: |
| financing. This causes construction of | | | | RNCOS is an industry leader in the field of |
| railways that's not able to meet the economy | | | | online business research. We specialize in |
| development demand. Su Shunhu, vice director, | | | | industry research on various business |
| transport division, Railway Ministry, said | | | | verticals. |