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CNS: China Considers High Speed Railway a Strategic Industry

China News Service (CNS) reported that Deputy Prime Minister Zhang Dejiang, who is also a member of the Politburo of the CCP Central Committee, recently spoke at the opening ceremony of the World High Speed Railway Conference, saying that China considers the high speed railway industry a strategic emerging industry. The government is giving this industry a high priority. In his speech, Zhang positioned safety as the top focus. He also emphasized “independent innovation” and developing China-owned intellectual property. Zhang called for action on the “Go Out” strategy in this industry as well. This is the first time that the three-day World High Speed Railway Conference was held outside of Europe. The Conference was hosted jointly by the Chinese Ministry of Railways and the International Union of Railways (UIC, Union Internationale des Chemins de Fer).

Source: China News Service, December 8, 2010