The length of railways in operation in China stood at 16.16 ten thousand kilometers in 2023. From 2013 to 2023, the railway length exhibited a consistent upward trend, growing from 10.31 to 16.16 ten thousand kilometers, which reflects China's substantial investments in expanding its rail infrastructure. The year-on-year growth rates fluctuated, peaking in 2014 at 8.42% and later stabilizing with a 3.46% increase in 2023. The CAGR over the past five years was 4.18%, indicative of continued but moderate expansion.
Future trends to watch for:
- A forecasted CAGR of 2.42% from 2024 to 2028 suggests that growth will persist but at a slower pace compared to the previous decade.
- Strategic focus on enhancing high-speed rail connectivity and digital advancements in rail technology is expected.
- Potential influence of emerging policies aimed at boosting sustainable and eco-friendly transport solutions.