In the January-July period of the current year, fixed asset investment (FAI) in railways in China totaled RMB 375.0 billion ($54.9 billion), increasing by RMB 175.657 billion ($25.7 billion) compared to RMB 199.343 billion ($29.2 billion) in the January-May period this year, which was down 8.5 percent on year-on-year basis, as announced by China Railway Corporation (CRC). According to Li Liancheng, deputy director of the Institute of Transport Studies at China's National Development and Reform Commission (NDRC), FAI in China’s railways will likely indicate a big rise in the second half of the year.
According to plans, China’s FAI in railways will total RMB 732.0 billion for the full year of 2018. Accordingly, in the August-December period this year, FAI in China's railways will amount to around RMB 357.0 billion ($52.3 billion), averaging around RMB 70.0 billion ($10.3 billion) per month in the period in question.