CHINA-INTERNAL: NEW 3-YEAR TRANSPORTATION PLAN

On October 9, China released a new three-year action plan to restructure the transport sector. Briefly, it provides for more investment in railway freight and shipping and less reliance on long-distance road freight.

The goals for 2020 (using 2017 as the base year) are: Increase railway freight volumes by 1.1 billion tons – a 30% jump; Increase waterway freight volumes by 500 million tons – a 7.5% jump; and Ensure that over 50% of newly-added light freight vehicles are new energy or clean energy vehicles. The plan focuses on 15 key provinces – mostly developed regions, including Beijing, Shanghai, Jiangsu, Shandong, and Zhejiang.






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