Travellers are advised to check-in for their rail journey at least 45 minutes before departure and must pass through both Hong Kong and Mainland China clearance procedures. Boarding gates for the High Speed Rail close five minutes prior to the train’s scheduled departure time.Passengers are permitted a maximum luggage allowance of 130 centimetres (approximately the size of a 24-inch suitcase). In particular, each adult passenger should not carry more than 20 kilograms of luggage and each child passenger should not carry more than 10 kilograms of luggage.Tickets for the High Speed Rail network are available online, from ticketing agents and through a tele-ticketing hotline. For more information, see www.highspeed.mtr.com.hk/Go back to the enewsletter Go back to the enewsletterHong Kong’s first high-speed railway, the Guangzhou-Shenzhen-Hong Kong High Speed Rail (Hong Kong Section), has commenced operation, offering a new means of travelling quickly and conveniently between Hong Kong and cities across Mainland China. In particular, the MTR Vibrant Express puts Hong Kong in easy reach of nine neighbouring cities in Guangdong Province and heralds a major boost to tourism in the Greater Bay Area.The 26-kilometre rail link connects Hong Kong for the first time to Mainland China’s vast high-speed rail network, the world’s most extensive. Travellers will be able to ride from Hong Kong to 44 destinations in Mainland China without changing trains, making the city an ideal starting-point for multi-destination journeys through China. With frequent direct high-speed trains linking Hong Kong to Shenzhen and Guangzhou in as little as 48 minutes, travelling within the Greater Bay Area will be faster and more convenient than ever before.“The brand new cross-boundary railway service offers fast, convenient and comfortable connections to the Mainland of China. Passengers can complete both Hong Kong and Mainland clearance procedures in one place at Hong Kong West Kowloon Station and then board trains to 44 Mainland destinations directly without interchange, providing them with a good travel choice for leisure or business,” said Professor Frederick Ma, Chairman of MTR Corporation, the company that operates the MTR Vibrant Express.The train has a maximum speed of 200km/hr in the Hong Kong section and up to 350km/hr in the China Mainland.The line offers Second class, First class, Premium class and Business class levels of travel, with Premium class and Business class only available on some Mainland trains.The Hong Kong section of the High Speed Rail network runs from West Kowloon Station, one of the world’s largest underground high-speed railway stations and a new must-see landmark for visitors to the city. The station’s design has already garnered a number of international design awards including one at the World Architecture Festival Awards, known as the “Oscars of architecture”. Visitors can enjoy views of iconic Victoria Harbour by walking along the Sky Corridor on the station’s rooftop.
Twitter ← Previous Next → Reddit Bloomberg News advertisement Facebook What you need to know about passing the family cottage to the next generation Share this storyChina offers to ramp up U.S. imports for six years to eliminate trade imbalance, sources say Tumblr Pinterest Google+ LinkedIn Comment China has offered to go on a six-year buying spree to ramp up imports from the U.S., in a move that would reconfigure the relationship between the world’s two largest economies, according to officials familiar with the negotiations.By increasing goods imports from the U.S. by a combined value of more than US$1 trillion over that period, China would seek to reduce its trade surplus — which last year stood at US$323 billion — to zero by 2024, one of the people said. The officials asked not to be named as the discussions aren’t public.The offer, made during talks in Beijing earlier this month, was met with skepticism by U.S. negotiators who nonetheless asked the Chinese to do even better, demanding that the imbalance be cleared in the next two years, the people said.Economists who’ve studied the trade relationship argue it would be hard to eliminate the gap, which they say is sustained in large part by U.S. demand for Chinese products.U.S. stocks extended gains and the dollar rose following the news. The S&P 500 Index rallied, climbing 1.2 per cent by 11:31 a.m. and heading for its fourth weekly increase, while the dollar traded at session highs.Trade OffersIt’s not the first time China has made an offer to reduce the deficit as a way of trying to break the deadlock between the sides which has darkened the global economic outlook and roiled financial markets since last year. In May, Trump scrapped a framework for a deal negotiated by Treasury Secretary Steven Mnuchin that would have seen China “significantly” increase purchases of U.S. goods.By agreeing to buy more goods from the U.S., China may just shift its trade surplus toward other trading partners, said Tom Orlik, the chief economist for Bloomberg Economics.“If China switches its imports from other countries to the U.S. — less Brazilian soybeans, more U.S. soybeans — that might help deal with their bilateral problem with the U.S., but at the expense of worsening imbalances with other countries,” he said.Additionally, the types of products that China offers to buy more of could matter more than the overall target for a dollar amount, Orlik said. Airplanes, soybeans and automobiles were among China’s top U.S. imports last year.“Over the years, China has used the offer of purchasing more technologies with national security applications as a gambit in trade negotiations,” said Orlik. “That’s always been unacceptable to the U.S. because of the strategic costs.”Decisions PendingNo decisions were finalized in the latest Beijing talks and discussions are set to continue at the end of January, when Chinese Vice Premier Liu He is scheduled to travel to Washington.The U.S. will miss an opportunity for discussions with its trading partners after President Donald Trump canceled his trip and the U.S. delegation’s visit to the World Economic Forum in Davos next week amid the partial government shutdown.While no official plans were disclosed for U.S.-China negotiations at Davos, Chinese Vice President Wang Qishan is due to attend the gathering.There’s no clear sign that such an offer would now have a greater chance of success or even if it is practically feasible. U.S. negotiators are also focused on matters including China’s alleged intellectual-property malpractices and state support of industry, disputes that are much harder to bridge. The Americans’ major sticking points were more prominent issues than China’s import plans during the latest round of talks in Beijing, one of the people said.Import ValuesThe offer implies raising the annual import total from US$155 billion to around US$200 billion in 2019 and in increasing steps thereafter, reaching an annual total of about US$600 billion by 2024, one of the people said.The Commerce Ministry in Beijing didn’t immediately respond to request for comment on the negotiation details. The office of the U.S. Trade Representative didn’t immediately respond to a request for comment.Bloomberg.com By raising annual goods imports from the U.S. by a combined value of more than $1 trillion, China would seek to reduce its trade surplus, which last year stood at $323 billion, to zero by 2024, one of the people told Bloomberg.Getty Images Email More 19 Comments Join the conversation → Sponsored By: January 18, 201912:47 PM EST Filed under News Economy China offers to ramp up U.S. imports for six years to eliminate trade imbalance, sources say By buying a $1 trillion more of U.S. goods a year, China could reduce trade surplus to zero by 2024, Bloomberg told Recommended For YouMexico’s peso dips on Pemex plan; Latam stocks riseUAW head to GM: we invested in you, now invest in usTSX lower as slide in Turquoise Hill dents materialsMSCI Schedules Investor Conference Call to Review Second Quarter 2019 ResultsRussia eyes 2035 grain crop boom with $70 bln investment plan Featured Stories
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