The turnover of China's futures market registered 8.93 percent year-on-year growth to hit 619.26 trillion yuan (about 84.54 trillion U.S. dollars) in 2024, data from the China Futures Association showed on Tuesday.
By the end of November 2024, the number of effective customers in the entire market was 2.4898 million, with the total capital reaching 1.73 trillion yuan. The two figures grew by 12.86 percent and 14.97 percent respectively compared to those at the beginning of the year.
By the end of 2024, China had 146 listed futures and options products, with 15 of them being newly listed within the year.
They have covered multiple important economic sectors, such as agricultural products, metals, energies, chemicals and finance.
A diversified and interconnected product ecology is now taking shape at China's futures market, with its ability to serve the real economy improving steadily.
China's futures market sees 8.93 pct y-o-y growth in 2024
China's railway network is expected to manage more than 510 million passenger trips during the upcoming Spring Festival travel rush, according to an official on Wednesday.
At a press conference in Beijing, officials from several departments briefed the overall situation and work arrangement of the 40-day travel rush, which runs from Jan. 14 to Feb. 22 this year.
The travel rush, also known as "Chunyun", is a period of high transportation demand coinciding with China's largest annual holiday, the Spring Festival, a time where many people head home for family reunions while celebrating the Chinese Lunar New Year, which falls on Jan 29 this year.
Zhu Wenzhong, deputy director of China State Railway Group's passenger transport department, said that the number of passengers by train will grow steadily, and is expected to exceed 510 million, with an average of 12.75 million per day, an increase of 5.5 percent from 2024.
The railway system is going to tap on the transportation potential and maximize passenger transportation capacity.
"We will focus on increasing the transport capacity in places with concentrated passenger flows during the Spring Festival travel rush, make overall arrangements for trains in less busier sections, maintain the scale of trains running at normal speeds, as well as continue opening non-profit 'slow trains' and those for rural revitalization, so as to facilitate people's travel. More than 14,000 passenger trains will be arranged daily, with the addition of around 500,000 seats every day. The seating capacity can increase by about four percent year on year, so as to meet the traveling needs of passengers to the best of our capacity," said Zhu.
The railway departments will take measures to ensure the ticketing needs of passengers, especially key groups such as university students and migrant workers. Main railway stations across the country will set up fast lanes, mother-and-baby waiting rooms and medical aid posts.
Moreover, the authorities will also prioritize the transportation of coal used for power generation and heating, along with key supplies like daily necessities, grains and other farm produce, as well as fertilizers.
Inspection and maintenance on key rail equipment have also been conducted in advance, so as to ensure the orderly and smooth railway operation during the Spring Festival travel rush.
China’s railway to handle 510 million passenger trips in 2025 Spring Festival travel rush
