Representatives from the China Railway Corporation and Russian Railway Corporation negotiate railway cooperation. The discussion was held on June 25 in Beijing to address issues such as the construction of China-Mongolia-Russia Economic Corridor and technological innovation revolving railway reform.

 

The collapse of a proposed China-US high-speed rail venture has sparked widespread skepticism about the future prospects of similar projects in overseas markets.

In response to public doubts, the China Railway Corporation, the state-owned enterprise responsible for rail construction, held a news conference on July 5 to give an overview of Chinese projects in overseas markets.
 

Yang Zhongmin, chairman of China Railway International (CRI), said Chinese railways are developing rapidly. By the end of 2015, the length of railways in operation had reached 121,000 kilometers, ranking second in the world, while the length of high-speed rail tracks totals 19,000 kilometers, accounting for 60 percent of the world total.
 

The China Railway Corporation established CRI at the end of 2014 to conduct foreign rail business. At present, the China’s global rail projects can be found in Asia, Europe, North America and Africa. Yang said significant progress has been made in a wide array of overseas projects, including the China-Laos railway, the Jakarta-Bandung high-speed railway in Indonesia, the Hungary-Serbia railway, Moscow-Kazan high-speed railway in Russia, and China-Thailand railway projects.
 

He said top leaders from China and Thailand signed agreements on June 16 in Bangkok and the construction of a high-speed line connecting the two countries is expected to begin some time before the year’s end.
 

According to the China Railway Corporation, it is also working with domestic companies to closely follow railway projects, including construction of the Singapore-Malaysia high-speed railway, China-Mongolia railway and other projects in the United States, the United Kingdom and Morocco.