China's overall fixed asset investments in its railways totaled RMB 429.269 billion ($70.14 billion) in the first 10 months of the current year, up RMB 4.1 billion or 1.0 percent year on year, according to the figures issued by China Railway Corporation (CR) on November 12.
In the given period, investment in actual construction of railways in China amounted to RMB 383.475 billion ($62.66 billion), increasing by 5.7 percent year on year and accounting for 73.8 percent of the annual target for 2013.
According to China Railway Corporation, China's target for investments in newly-started railway projects in 2013 has increased to RMB 471.3 billion ($77 billion), up from RMB 416 billion ($68 billion).