China's railway equipment into a new growth point of export to achieve full coverage of 6 continents

Abstract Lu Xun, deputy director of the Foreign Trade Department of the Ministry of Commerce, said on the 5th that in 2014, China participated in 348 overseas railway construction projects, an increase of 113 over the same period last year. China's railway equipment has become a new growth point for foreign trade exports, and has realized the output from simple products to products, engineering, technology,...
Lu Xun, deputy director of the Foreign Trade Department of the Ministry of Commerce, said on the 5th that in 2014, China participated in 348 overseas railway construction projects, an increase of 113 over the same period last year. China's railway equipment has become a new growth point for foreign trade exports, and has achieved a transformation from simple product output to product, engineering, technology and standard all-round output.

On the special briefing held by the Ministry of Commerce on the same day, Lu Luxun said that China's railway construction field has made breakthroughs in foreign contracting projects. In 2014, 348 overseas railway construction projects were participated by Chinese enterprises, an increase of 113 over 2013; the cumulative contract value was 24.7 billion US dollars, a year-on-year increase of more than 3 times, and the completed turnover was 7.6 billion US dollars, an increase of 31.3%.

Statistics from the Ministry of Commerce show that since joining the WTO in 2001, China's railways have achieved rapid development. The export of locomotives from less than 80 million US dollars in 2001 to 3.74 billion US dollars in 2014, with an average annual growth rate of 34.7%, higher than the same period. The national foreign trade export growth rate was 16.5 percentage points. In 2014, the export of motorcycles and vehicles increased by 19.3% over the same period, which is three times that of China's foreign trade export growth in the same period.

Lu Luxun said that China's railway equipment export market from Asia and Africa to Europe and the United States has achieved full coverage on six continents. In 2014, China's railway equipment exports have covered more than 80 countries and regions on six continents. The main export markets are ASEAN, Argentina, Australia, and the United States, which account for more than half of China's total railway equipment exports.

In 2014, the total amount of overseas contracts signed by China South Locomotive and CNR Group exceeded US$6 billion, a year-on-year increase of more than 60%. Among them, CNR and CSR Group won the bid for South Africa’s 2.8 billion US dollars of 591 internal combustion engine electric locomotive vehicles. The largest order for high-speed rail equipment overseas.

In addition, China's high-speed rail technology has also made great progress. According to the statistics of the Ministry of Commerce, in 2014, the mileage of China's railway operations has exceeded 112,000 kilometers, of which the high-speed rail operating mileage exceeds 16,000 kilometers, ranking first in the world.

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Mexico should protect the interests of Chinese companies

Zhou Zhencheng, Commercial Counselor of the Cooperation Department of the Ministry of Commerce, said that as of the end of 2014, nearly 30,000 institutions and enterprises have been established overseas through investment, and the assets formed overseas have been close to the dilemma of the recent high-speed rail project in Mexico. It is 3 trillion US dollars and is now the third largest foreign investor in the world. Therefore, due to the large number of overseas projects in China and the occasional events similar to the Mexican high-speed rail incident, it should be treated with a normal heart.

Zhou Zhencheng also pointed out that the Ministry of Commerce also attached great importance to the case. After the release of the project information from the Mexican high-speed rail, the Ministry of Commerce conducted long-term follow-up of relevant Chinese enterprises, and invested a lot of manpower, material resources and financial resources. "We believe that regardless of the reasons for suspension in Mexico, the costs incurred for Chinese companies and the interests of Chinese companies, local governments should take effective measures to protect them." Zhou Zhencheng said.

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