Fixed asset investments in Chinese railways indicate a decline

According to data released by China's Ministry of Railways, in the June-August period of the current year fixed asset investments in Chinese railways have weakened each month. Accordingly, in June, July and August the respective fixed asset investments in Chinese railways totaled RMB 58.1 billion ($9.12 billion), RMB 44.3 billion ($6.95 billion) and RMB 35.3 billion ($5.54 billion). In addition, the August figure was down 54.29 percent year on year.
 
Due to capital shortage, in China some construction work on railway lines for passenger traffic has been halted, with some construction work also even being cancelled