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China's railway fixed-asset investment exceeds 410 bln yuan from January to July

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      China

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      China's railway fixed-asset investment exceeds 410 bln yuan from January to July

      2024-08-09 21:45 Last Updated At:08-10 16:37

      China's national railway fixed-asset investment reached 410.2 billion yuan (approximately 57.21 billion U.S. dollars) from January to July 2024, marking a year-on-year growth of 10.5 percent, according to the China State Railway Group.

      In July, key railway construction projects continued to make steady progress. The Rizhao-Lankao High-Speed Railway was fully completed and put into operation, significantly reducing travel time between Shandong and the Central Plains urban agglomerations.

      Several railway projects, including the Xuancheng-Jixi High-Speed Railway, the Huinong-Yinchuan section of the Baotou-Yinchuan High-Speed Railway, and the Zhenjiangguan-Huangshengguan section of the Chengdu-Xining Railway, began joint testing and commissioning in July.

      Hangzhou-Wenzhou High-Speed Railway started trial operations in July.

      "China State Railway Group will focus on enhancing railway network connectivity. We will accelerate the construction of major projects such as the Chongqing-Kunming High-Speed Railway, the Shanghai-Chongqing-Chengdu Riverside High-Speed Railway, and the Huangtong-Baise Railway. These efforts aim to continuously improve the interconnectivity of railway infrastructure, providing strong support for the high-quality development of the national economy and society," said Deng Lihong, deputy director of the Development Strategy and Planning Division of the group.

      China's railway fixed-asset investment reaches 410 bln yuan from January to July

      China's railway fixed-asset investment reaches 410 bln yuan from January to July

      Next Article

      Food prices soar after Israel halts aid deliveries into Gaza

      2025-05-02 12:29 Last Updated At:12:37

      Food prices surged after Israel reimposed a full blockade on the Gaza Strip on March 2, plunging the region into a dire food crisis.

      Now, all humanitarian aid has been barred from entering the enclave.

      The World Food Program has reported that food prices in Gaza have surged by 1,400 percent this year.

      Even the most basic vegetables have become unaffordable for ordinary families, as residents are starving on a scale beyond imagination.

      Amid the rubble in western Gaza City, a makeshift market has formed.

      Yet vegetables, once a common sight, are now sold by only a few vendors.

      "One potato costs five shekels (about 1.38 U.S. dollars), sometimes even more. The same goes for cucumbers and tomatoes. Prices are skyrocketing as the border crossings are closed and supplies can't get in," said Mohammad Yazji, a vegetable vendor at the market.

      Yazji sets up his stall early each day, but receives few customers.

      For him, these expensive vegetables aren't food. They're the only hope of making enough money to feed his family.

      According to a report by the UN Food and Agriculture Organization, Gaza's agricultural system has almost collapsed, with nearly 70 percent of farmland destroyed, over 70 percent of fruit trees burned, 95 percent of cattle and at least half of the sheep dead, and farming infrastructure severely damaged.

      Local food production has plummeted, leaving residents heavily dependent on imported food - an option no longer viable under the continuing blockade.

      As a result, the local pricing system has completely broken down.

      "Prices keep rising. There's no flour, no food to live on. The price of flour has become exorbitant. A bag of flour (30 kilograms) costs 500 to 600 U.S. dollars now. People have no cash. They can't afford any food. The only way out is to end the war on Gaza. It has inflicted too much pain on too many people," said Yazji.

      Food prices soar after Israel halts aid deliveries into Gaza

      Food prices soar after Israel halts aid deliveries into Gaza

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