FAI in China's railways increases by 15 percent in January-April

Thursday, 23 May 2019 11:27:18 (GMT+3)   |   Shanghai

In the January-April period of the current year, fixed asset investment (FAI) in railways in China totaled RMB 160.0 billion ($23.3 billion), up 15.0 percent year on year, which was 5.0 percentage points higher compared to the growth recorded in the January-March period this year, as announced by China Railway Corporation (CRC), China’s state-owned national railway operator.

At the beginning of this year, CRC announced that in 2019 it planned to complete FAI in China’s railways worth RMB 800.0 billion. 

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