China’s investment in railway construction up 25.7 percent in H1

Tuesday, 16 July 2013 12:27:53 (GMT+3)   |   Shanghai
       

China's overall fixed asset investments in its railways totaled RMB 215.931 billion ($35 billion) in the first half of the current year, up RMB 38.18 billion or 21.5 percent year on year, according to the figures issued by China Railway Corporation (CR).
In the given period, investment in actual construction of railways in China amounted to RMB 186.972 billion ($30 billion), increasing by 25.7 percent year on year and accounting for 35.96 percent of the annual target for 2013.

According to a previous announcement by China Railway Corporation, China's target for overall fixed asset investment in its railways in 2013 is RMB 650 billion ($105 billion), including investment in actual railway construction amounting to RMB 520 billion ($84 billion).

In June of the current year, investment in actual construction of railways in China totaled RMB 54.688 billion ($8.9 billion), increasing by 26.5 percent year on year and up 18.1 percent compared to May this year.


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