china's railway system has been unable to shake up interference from the government. the twenty first century business herald report on china's new life to grow it which goes to show i mentioned that he would start operation in december twenty eight the three hundred miles away to put improve the content that should be the over a hundred twenty mph ride we take four hours before the people have taken an hour or more to play the new high speed railway with people cutting costs or passengers. the biggest change that to take it for super cheap enough but forgot to get one to thirty us dollars. the ticket price for second time he'd be a little luck to twenty five us dollars. i didn't say that it costs per passenger mile early but even with that. not only lower the average price for time typing away. it's ultra far left is in europe chinese media report the average cost of time that i can relate to the thirty new center passenger per mile because europe is up thirty nine years after passenger mile. compared to other transportation method. i can do it between the two cities

railway operation. around one hundred million dollars deal to commend it. can i pay for interest on bank loans. last week for the pilot of the china railway corporation i read reported the recently become equal to fifty four under nineteen billion dollars. his brother coming to a ratio of fifty three percent. don't go away because of that money matters which ought to put in china station. phil gettin it on a few years back reaching the billionaire about giving up their fortunes for charity but he was driven out of shanghai based in pretty fast he might've left intact but it became apparent that not that different. a couple recipes to try the super rich meeting her for steve jobs anyway. a trend emerge among china's biggest tech doing it though. there's nothing in the world of winter can be made here. jack mother daughter time the largest e commerce and the ali baba did not think you would like to condemn the company to yell her mother thought it could have gotten killed and one in the top of the country's environmental issues. we did when the lord of the companies in china. back into that designed the cover to which the company pr

one hundred thousand kilometers high speed railway track has reached ten thousand kilometers and more than twelve thousand kilometers on the construction. china now leads the world in high speed railway track when every year it was indeed going to the railway lines in china will reach one hundred and sold it to me tips the highest zero win at work will cover all provincial councils and the cheese was an article to mention you in china will include austin these are true. if using those kinds of glorious pasta and the cia so i'm his mama look at the network which links the high speed trains linking especially north and south and east to west the planned school for four north to south lions and four east to west lines three north to south winds are already operating. bailey making with shanghai beijing and long joanne shanghai's to shenzhen. the baking to hop in line is still under construction. and among the four east west line is only the shot high into ten gurus has opened the waist and two running mates construction difficult trying to sell these lines can only run about one hundred and sixty to two hundred kilometers an hour compared with t

china railway corporation twain quote. if you call him trying to cope up with a better plan for the travel. did more to get the passengers in need and make the best use of valuable transportation resources. i did what the pastor called upon to take a forty hour before departure time. only five percent it upright in the charts. need to get her on the left and twenty four hours before the departure time. the charge twenty percent it upright. and all to get to meet in just one time. the cost of the amazing golfer store a large number to the doctor twice winner of the penalty of scalping have increased the pocono perfect for spring to help or behavior. main interest of the support on the new puppy for spring that will rush one row quo. the student aka hundred and refining the big ticket purchasers are now holding several to get help and get better later. i'm there for other producers. i think every student id numbers only be used by one round trip ticket during the rush and three festival everyone have a ticket however many ne

she said that china's railway system. more from the upcoming chinese new year. for every chinese person to go home on time you have to rely other forms of transportation. two plane belonged to the buffet and chicken and situation. half price trained to result in disaster. more people pulling the train station as a result of that. the more people that cannot go home on time compared to the previous year cover and other financial commentator not money to cover the pork you the article prototyping dot com. not to the provided it can take good care of our workers. people don't know how to research it online they pay the same as those which he could think of the quality of care offered to them that much work keeping it under reasonable to charge him for speeding on a train to think right. not admit that it doesn't fall into the market cannot welcome to the train companies don't either without that china's railway system has nothing to do with market oriented economic and all. without market competition that i need to be done in the relief that therefore do not think

china. today was the expert at the time to hike the railway. the article from the new york times pointed out that it's five years after china's high fever with the smoke and didn't act like many of the passengers of play. i piped the trends are fasting comparable to put the first choice for many chinese people. how the price by thirty to drive people away. that often too high for most people. recently chinese media reported that a new bike and it will be his her train ticket. there'll still be tough to top order train now for high speed one expected to hit the competition between trains and planes. you'll remain perfect reading university spoke highly of the new pricing model for high speed train ticket. an earlier time this year nearly every high speed train running between shanghai and beijing as they compete. sometimes over seventy percent of the flight tickets are made and sold the couple often the railway corporation cut down the number of trade accord will be my campaign for planting offseason. he left popular plight they are usually good

china. highways and railways are being constructed. and it really is this true it is completed. it will be the topeka for someone to test what does it resemble couple from china is in china to europe. it will take a leak and it's quiet at times they didn't ruin it takes fourteen days. if you want to use as maritime route he takes more than twenty five dates. that means. when the zipper on the western europe and the east and china road is completed. all eternity will become a transit character and conduct of the sun's connie will gain from that. this is effective at this this this long distance will become of this divine things but of the total cost. it will bring the look of it and use the decline of christ. and besides that the you have just in. the morning all the airports will be renovated. all the rooms will be well paid and sinker. all the railroad stations and the site services movie. it's in action. had a lot of new and new drugs will be created and it was the movie the loss to duke on neo cons will put up some of beastly its independence quinn was in the center will atten

we opened fifteen hundred kilometers of western europe western china motorway construction of the new railway lines just as god in your article if she will call our underwear. this will solve the problem just got done reading an article looks to the roots the minister of economy and budget training funeral on the side added that the gdp growth was possible things to invest in fixed assets and increased production rates in mechanical engineering in agriculture. he underlined that the main driver of the economy is the service industry. it was sausage patricia is twelve percent in information and communications sector fourteen point two percent growth rates that richest one percent in information and communications sector it is fourteen point two percent growth rates and the strong production growth was in all regions except for for an awful our region the production rate increased by one point four percent. the problems are by point nine percent and was convinced that my point three percent and conclude our region by point two percent the largest growth is observed in six regions hospital in a

china sash is encouraging chinese companies to take part in infrastructure construction in the uk including severely nuclear power plants and high speed railway is why it also promises to further open its market up to foreign investment. china hopes the two sides will work together and develop more economic policies to advance and the drug trade. the two sides have said that the target of one hundred the lead u s dollars worth of trade a twenty fifteen with you. what the companies and our two countries take advantage of china's before in an open up and bring our trip. licensed to a new stage the idea. david cameron has brought album from discount business delegation from various sectors including banking energy infrastructure information technology and healthcare. there were also three hundred chinese delegates from a chinese company. and i hit the summit in vehicles with that interested in wealth generation and generation. my curious and in the uk. china relationship is developing with very excited to be signing agreements with the standardization minister to china today. which is on the me too it makes good business and its method they use

china hasn't changed either pray your path and repeat. nineteen ninety five. every year the central government would provide a bathtub out of money the operation. cover with the extent of the country's railway network the government subsidy to look in the top of the huge loss. in march this year the central government aside from the ministry of railway with the only decoration the separate the top end for the construction and operational. gordon and the railways are expected to decline the indicator the country grow and become more market oriented reforms to just about a regional transportation fees. three times higher than that of using carson wrote. market believes the new price performed with all the time is really more attractive the private capital. finally from the stove and daily life how life will go up due to the tiny covered coffee. now that the daily routine the high end prices will likely get higher because of the puppies me to cool down to the market. the first of the year. the chinese government did not get your free flowing like a toothless project which on average price of the forty got the win for square meter or about six hundred can you tell a square foot the hall to get

connell: in europe and japan and china they are having problems with these high speed trains. high-speed trains are killing the european railway-called slow trains were a wonderful thing and they are dying because of these high-speed rail that only rich people can afford. this is a subsidy for wealthy people.% >> you are finding so many folks originally when they were talking about this they were talking about this train that will said business people back and forth from san francisco to los angeles. that is going nowhere because all the people who say environmentally this is going to be literally a train wreck but the other thing is if you want to get california out of the cars we love them whatever you do with high-speed rail has to be cheaper, faster and more convenient and it is none of those things. the affordability and convenience of airplane travel specifically with southwest airlines mean you can zip around the state for relatively low cost. charles: get those trains to come to our front door as well. i am glad we caught up with you because we have forgotten about it but shouldn't because this could be a huge boondogg

airports and railroads that we have very other countries, china, japan, singapore, you name them, all across europe that much more modern ports and railwaysnd we do. we don't compete. u.s. chamber of commerce says we have lots of trillion dollars of growth because we have not modernized our transportation infrastructure. we do bring more jobs back home from mexico and china. there are a whole lot of things we can do in the economic area. the question is, can you do it with a gridlocked congress? summerville, south carolina, a democratic caller named trudy is waiting to talk to. caller: good morning, happy new year. i am one of those lost children of the american society. my mom and dad, god blessed them, they were from the depression era. my dad was in world war ii. they scrimped and saved and they left me a good sum of money. unfortunately, i can't imagine it would be like to be left in this culture. ever so hard as a graphic designer. we have lost american dream. we went to nafta. we give everything to the poor little chinese people. nothing and for then why we had to get involved in the middle east. ,ere's my angst, dick cheney the gre

china's transportation sector sold off after beijing released the business tax and value added tax for the sector. a lot of these railway stocks and shipping companies took the brunt of the selling. so that's an update of the asian markets. back to you, ross. >> sixuan, thanks for that. catch you a little bit later. >>> meanwhile, on today's show, consumer spending pushed confidence to a six year high. sixuan has been saying companies have been noting a note of caution. >>> the new year could bring another reason to celebrate. the global economy is well on the path to recover. how do we have the move to normalization. we'll have the fund managers at 11:20. the ecb is watching the european banks. it could lead to new competition for u.s. lenders. we'll assess the claims at 11:30. >>> the grand plan is coming together. germany's new government is coming together as they endorse a coalition agreement. we'll look at the key people alongside angela merkel in just a few moments. >>> and to learn more about the german chancellor's third term in office and the impact in the eurozone, find out more, where else? on cnbc.com. you