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.