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29.12.201602:45:00UTC+00China Set to Build 30,000-Kilometer High-Speed Rail Network

China is planning to have a high-speed rail network that covers beyond 30,000 kilometers (18,650 miles) by 2020, as the country turns to spending on rail infrastructure in order to renew growth in smaller cities. According to the State Council Information Office, the nation will also add 3,000 kilometers to its urban rail transit system.

The high speed rail network includes 80 percent of the large cities across China, the SCIO said. China has previously turned to a private firm for the operation of an inter-city rail service on the mainland. The project is a part of President Xi Jinping's $420 billion spending drive in order to modernize the country's transport network amidst moderate growth in the economy.

China's investment in railways will be no less than 2.8 trillion yuan ($403) billion, according to the National Railway Administration.

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