According to China’s Ministry of Railways, in October this year railway infrastructure investment in China totaled RMB 69.77 billion, up 240.8 percent compared to RMB 20.47 billion in the same month last year. The month-on-month comparison indicated an increase of 8.5 percent.
While China’s railway infrastructure investment target is RMB 496 billion for 2012, it is anticipated that the investment figure will rise to RMB 516 billion for 2013.