China doesn t think small but big In the case of rail transportation thinking big refers to a high speed railroad network traversing the country over a 35 000 kilometer 22 000 mile distance a project that was put on a fast track as well Plan ning began in 2004 and the first high speed trains hit the tracks in 2008 In 2020 China is ranked in the top spot worldwide and planning to lay an ad ditional 13 000 kilometers 8 000 miles of tracks by 2035 These are dizzying statistics and dimen sions even when just reading about them Obviously a territorial state like China is hardly comparable to the European union of countries both politically and geographically The financial dimensions are different as well The Middle King dom invests enormous amounts of money in the ex pansion of its China State Railway Group in short CR CR has a debt of 650 billion euros Greece s na tional debt is only half as high For Transport Min ister Li Xiaopeng such numbers are no reason for hitting the brakes because the transportation in frastructure drives economic growth and provides the basis for a more comfortable society he says For Schaeffler s Industrial Division the Chinese rail road market is a growth engine as well In August the Group signed a cooperation agreement with the China Academy of Railway Sciences CARS Through this cooperation Schaeffler plans to adapt its rail products more precisely to the Chinese mar ket and grow its market share The agreement in cludes the establishment of a joint venture between Schaeffler and CARS for the development of railroad bearings the reconditioning and assembly or axle box bearings and the development and production of condition monitoring systems for bogies By Volker Paulun China Railway is planning the deployment of self driving trains at speeds of 350 km h 217 mph by 2022 67 Outlook

Vorschau Schaeffler tomorrow 02-2020 EN Seite 67
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