Beijing is developing a new generation of trains capable of reaching 400 kilometers per hour, China Daily reported. The high-speed trains will be part of the so-called Belt and Road Initiative to boost economic ties with other countries.

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"We will apply new materials in the research and production of the future high-speed trains, such as carbon fiber and aluminum alloy, which will help to reduce weight and enhance energy efficiency,” said Qiao Feng, a senior engineer at the CRRC Changchun Railway Vehicles, a subsidiary of China Railway Rolling Stock Corporation.

He added the new trains would be able to reduce energy consumption per passenger by ten percent. They are expected to promote regional connectivity and create new businesses for China and overseas economies.

The high-speed railway will help many densely populated countries change their commuter transportation, said rail transportation researcher at the National Development and Reform Commission, Feng Hao.

"Because many markets along the Belt and Road Initiative, especially in Central Asia, Southeast Asia, the Middle East and Eastern Europe, are planning to build high-speed rail lines or to upgrade their existing systems, they are eager to gain technological support from China to assist in daily operations, maintenance and staff training," he said.

China has the world’s largest high-speed rail network with more than 20,000 kilometers and expects to more than double that to 45,000 km by 2030.

According to the Chinese National Railway Administration, the country has passenger train services running at operational speeds of 200 – 250 km/h and has the technology to produce trains with a top speed of 350 km/h.

China tests two 420 kmph bullet trains at once https://t.co/5WZs2R6xxtpic.twitter.com/ZROdGU6blC — RT (@RT_com) July 15, 2016

It is actively developing high-speed train technology and last year set a new speed record with a train reaching 840 km/h on a test run. Two trains, known as Golden Phoenix and Dolphin Blue zipped past each other with only 1.6 meters of space between them.

Beijing recently unveiled plans to build the world’s deepest and largest high-speed railway station as part of its preparations for hosting the 2022 Winter Olympics.

It is also developing a new generation of trains for Russia's Moscow-Kazan high-speed railway. China plans to provide a $6 billion loan for the route which in future may become a part of a $100 billion high-speed rail line connecting the two countries.