Guangzhou's urban transit operator expands globally

As of the end of last year, Guangzhou's rail transit industry had exceeded 300 billion yuan ($44.98 billion) in revenues, with a year-on-year growth of 9.6 percent and an average annual compound growth rate of about 10 percent over the past three years. The city's rail transit industry chain includes some 900 enterprises.

Guangzhou Metro has so far implemented 61 overseas projects with a total contract value above 5.2 billion yuan in 22 countries and regions.

"Overseas business will be the second growth curve in our 15th Five-Year Plan's strategic planning," Yao said.