In 2023, China significantly expanded its high-speed rail (HSR) network, adding 2,776 km of new lines, equivalent to Japan's entire HSR system. This expansion brings China's total HSR to 45,000 km, about two-thirds of the global total, with plans to reach 70,000 km by 2035. Additionally, a new high-speed train capable of reaching speeds of 450 km/h is set to reduce travel times between Shanghai and Beijing to just 2.5 hours, expected to be operational in 2025. This development is part of a broader effort supported by over 18 trillion yuan ($2.5 trillion) of fixed-asset investment in the transport sector from 2019-2023, which has also bolstered China's transportation infrastructure to over 6 million kilometers, including 5.44 million km of highways. Moreover, China's express delivery sector handled 132 billion parcels in 2023, generating 1.2 trillion yuan ($167 billion) in revenue, marking a 19.4% and 14.3% year-on-year increase, respectively, and maintaining its global leadership for the 10th consecutive year. Consumer spending also saw a significant uptick, with total sales reaching 47.1 trillion yuan ($6.9 trillion), of which online shopping comprised 15.2 trillion yuan ($2.2 trillion), further cementing China's dominance in the e-commerce space for the 11th consecutive year.
China's consumer spending surged in 2023, with total sales reaching 47.1 trillion yuan ($6.9 trillion). Notably, online shopping accounted for a staggering 15.2 trillion yuan ($2.2 trillion), solidifying China's position as the global leader in e-commerce for the 11th consecutive… https://t.co/pPHpLqComc
China's #ExpressDelivery sector handled a total of 132 billion pieces of parcels in 2023 with a total business revenue of 1.2 trillion yuan ($167 billion), up 19.4% and 14.3% YoY respectively, ranking top globally for the 10th consecutive year: State Post Bureau, Wednesday https://t.co/zJ4SAHPsyI
Backed by over 18 trillion yuan ($2.5 trillion) of fixed-asset investment in the #transport sector from 2019-23, China has successfully built a powerful transportation network spanning a total mileage of over 6 million kilometers including: - 5.44 million km of highways, of… https://t.co/13hODOtuNx
Only 2.5 hrs to travel from China’s Shanghai to Beijing, reducing the travel time by half. With a speed of 450km/h, this high speed train is expected to put into use next year. https://t.co/jvqxg7DlDC
China’s🇨🇳high-speed train with a speed of 450 km/h is coming! It will take only 2.5 hours to travel from Shanghai to Beijing, and it is expected to be put into use in 2025.🚄 https://t.co/LyGR9aGyfx
China opened 2,776 km of new high-speed rail lines in 2023 alone, which is the equivalent of Japan's entire High Speed Rail system. Its total High Speed Rail now stands at 45,000km or 2/3rds of the global total. It intends to reach 70,000 km of HSR by 2035. https://t.co/NE47eTu9rm