(Source: CCTV-2 Financial Channel "CCTV Financial Review" 2024-12-27)

On December 27, 2024, the State Council Information Office held a series of press conferences on "China's High-Quality Economic Development Achievements". The relevant person in charge of the Ministry of Transport introduced the achievements of the transportation industry this year. It is expected that the investment in transportation fixed assets will be approximately 3.8 trillion yuan throughout the year. The construction of major transportation projects has been accelerated. The Shenzhen-Zhongshan Channel and the Huangmao Sea Cross-sea Channel have been opened to traffic, adding new and fast channels to the "one-hour living circle" of the Guangdong-Hong Kong-Macao Greater Bay Area. The national railway operating mileage is about 162,000 kilometers, of which about 47,000 kilometers are high-speed railways. What new achievements has the transportation industry made this year in terms of highway and railway construction? What role does it play in stabilizing growth and benefiting people’s livelihood? What vigorous new vitality has been unleashed by "Mobile China"? It is estimated that the reduction of logistics costs for the whole society is expected to reach 300 billion yuan in 2025. How to deepen the implementation and strengthen the real economy? Focusing on these topics, CCTV-2 Financial Channel’s “CCTV Financial Review” column invited w88 casinoVice Dean of the w88 casino of International Economics and w88Professor Yang Hangjun explains。

Professor Yang Hangjunsaid that in 2024, my country’s transportation industry will deliver outstanding results. Investment in transportation fixed assets remained at a high level, with approximately 3.8 trillion yuan of investment completed throughout the year. The construction of the national comprehensive three-dimensional transportation network has been steadily advanced, and our country's comprehensive three-dimensional transportation network has reached a new level, with a mileage of 6 million kilometers. The National Comprehensive Freight Hub has implemented in-depth efforts to supplement and strengthen the chain, reduce costs and improve quality and efficiency of transportation w88 sports betting, and new productive forces such as drones, unmanned ships, and unmanned vehicles have become "new forces" in development. The high-quality development of transportation strongly supports the construction of a new development pattern, promotes China's economy to show new vitality, and society to show a new atmosphere. In 2024, my country's passenger and freight volume will maintain growth. It is expected that the cross-regional personnel movement will be approximately 64.5 billion, a year-on-year increase of approximately 5.2%; the operating freight volume will be approximately 56.5 billion tons, a year-on-year increase of approximately 3.5%. The cross-regional movement of people during the Spring Festival in 2024 will reach 8.4 billion, and the number of people traveling during the seven-day National Day holiday will reach 2 billion. This strong travel demand has injected strong impetus into my country's transportation development and economic development.

Professor Yang Hangjun：First, about 50,000 kilometers of new highways will be opened to traffic in 2024, of which more than 8,000 kilometers will be newly reconstructed and expanded highways. It is particularly worth mentioning that on June 30, 2024, the Shenzhen-Zhongshan Corridor, a super-large transportation project that took seven years to build, was officially opened to traffic and trial operation. The drive from Shenzhen to Zhongshan was shortened from 2 hours to 30 minutes, which greatly facilitated the transportation of people between the two places, promoted the economic integration of the two places, and assisted the integrated development of the Guangdong-Hong Kong-Macao Greater Bay Area.Secondly, Railway is the "main artery" of the national economy, and its status and role in my country's economic and social development is of vital importance. So far, my country's railway operating mileage exceeds 160,000 kilometers, of which about 47,000 kilometers are high-speed railways. Recently, high-speed railways have been intensively constructed or opened. For example, on December 16, the Wuwei-Zhangye section of the Lanzhou-Zhangjiakou High-speed Railway officially started construction. After completion and opening to traffic, the northwest region will add a high-speed rail channel connecting the central and eastern regions; on December 26, the Shanghai-Huzhou high-speed railway via Suzhou was officially opened for operation, adding a new artery to the "Yangtze River Delta on the track." Another thing I have to mention is the China-Europe freight train. On November 15, 2024, the cumulative number of China-Europe freight trains exceeded 100,000, delivering more than 11 million TEUs of goods with a value of more than 420 billion US dollars. Up to now, China-Europe trains have reached 227 cities in 25 European countries. Connecting more than 100 cities in 11 Asian countries, it injects new momentum into the joint construction of the “Belt and Road” with high-quality services.Again, In 2024, my country's civil aviation passenger traffic exceeded 700 million, reaching a record high. In particular, domestic passenger traffic has far exceeded the pre-epidemic level. International passenger traffic is also recovering at an accelerated pace. When it comes to civil aviation, I have to say that this year’s hot word is “low-altitude economy.” It can be said that this year is the first year of low-altitude economy. The low-altitude economy was written into the 2024 my country Government Work Report and the decision of the Third Plenary Session of the 20th Central Committee of the Communist Party of China. The low-altitude economy has become a national strategy. More than 30 provinces and cities across the country have basically issued low-altitude economic development plans. It has many applications, such as low-altitude w88 sports betting, low-altitude agriculture and forestry, low-altitude urban transportation, low-altitude medical care, etc. Among them, drones will deliver approximately 2.7 million items in 2024. Finally, my country is expected to complete port cargo throughput of approximately 17.5 billion tons in 2024, a year-on-year increase of approximately 3.4%. Container rail-water intermodal transport volume reached approximately 11.5 million TEUs, a year-on-year increase of approximately 15%. It is particularly worth emphasizing that in 2024, my country will build a number of smart, green, safe, independent and controllable automated terminals. Ten years ago, my country's automated terminals were almost 100% dependent on foreign software and hardware. However, the newly built automated terminals this year have become completely independent and controllable, and the software and hardware can be 100% relied on by themselves.

Professor Yang Hangjunstated that in November this year, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the "Action Plan for Effectively Reducing w88 sports betting Costs for the Whole Society". It is estimated that the reduction of w88 sports betting costs for the whole society is expected to reach 300 billion yuan in 2025, and by 2027, it is expected to reduce the w88 sports betting costs for the whole society to 1 trillion yuan. To achieve this goal, time is tight and the task is heavy, so efforts can be made from the following aspects.

First, we need to promote reforms in key areas of transportation.As for railways, it is necessary to formulate and implement a reform plan for the railway freight market to promote the transformation of railway freight to railway w88 sports betting. For example, rail freight prices can be flexibly adjusted. At present, railway freight prices are relatively rigid and do not change with changes in market demand and supply. However, as our high-speed rail network continues to develop rapidly, more and more ordinary railway transport capacity is released. The railway department needs to designate a market-oriented price mechanism to better match railway freight demand and supply, thereby better serving the real economy and reducing social w88 sports betting costs. Regarding highways, comprehensive policies will be implemented to solve the problems of "small, fragmented and weak" road freight operating entities, develop large-scale road freight enterprises with large-scale operations and modern management, and comprehensively improve the degree of organization and efficiency of road transportation. There are still many small w88 sports betting companies in the current w88 sports betting market. A w88 sports betting company can be established with "one desk and one car". Small enterprises have poor resource integration capabilities and consume a large amount of social resources.

Second, it is necessary to promote the integrated development of industrial and supply chains.Accelerate the construction of modern supply chain system. Promote large-scale industrial and commercial enterprises to improve their w88 sports betting management level and socialization level, scientifically build a supply chain system integrating procurement, inventory, production, sales, and reverse recycling, implement refined management, and speed up inventory turnover. Strengthen the integration and innovation of the manufacturing supply chain, encourage large manufacturing companies and w88 sports betting companies to establish long-term strategic partnerships, optimize w88 sports betting processes, jointly build facilities and equipment, connect information systems, and promote the application of comprehensive supply chain solutions. Implement precision w88 sports betting projects for bulk commodities. Promote bulk commodity production and processing enterprises to integrate internal w88 sports betting needs, optimize w88 sports betting routes, and actively develop specialized carriers. For example, there are many petroleum refineries in Shandong. After the crude oil purchased from abroad arrives at the port, it is directly transported to the refinery through dedicated pipelines, which greatly saves transportation costs and improves transportation efficiency. Promote the improvement of quality and efficiency of international supply chains. Support qualified regions in building international w88 sports betting hubs. Smooth international w88 sports betting such as bulk commodities, new energy vehicles, and cold chains. Encourage large-scale industrial and commercial enterprises and key w88 sports betting enterprises to deepen international w88 sports betting cooperation, jointly build and share overseas warehousing and other infrastructure, and improve comprehensive service capabilities such as storage, transportation, circulation and processing.

Third, improve the national w88 sports betting hub and channel network.Integrate and improve the functions of w88 sports betting hub facilities. Make overall plans and build w88 sports betting hubs, effectively connect the national backbone w88 sports betting network and important resource w88 sports betting channels, and build a modern w88 sports betting operation system of "channel + hub + network". Support relevant cities to explore the collaborative development model of "industrial clusters + w88 sports betting hubs". Vigorously develop the airport economy and port economy, and build several national w88 sports betting hub economic zones based on existing national w88 sports betting hubs. Accelerate the improvement of the multimodal transport system. Establish and improve relevant systems for multimodal transport operators, improve business rules, and promote standardized multimodal transport documents. Cultivate multimodal transport operating entities, develop container road-rail and rail-water intermodal transport, accelerate the promotion of the one-unit and one-container system, and innovate to create stable and branded multimodal transport products.

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