Overall fixed asset investment in China’s railways up 7% in 2012

China’s overall fixed asset investments in its railways totaled RMB 630.98 billion ($110.6 billion) in 2012, up seven percent compared to RMB 589.73 billion ($93.9 billion) in 2011, according to the figures issued by China’s Ministry of Railways on January 21.

 

Last year, investment in actual construction of railways in China amounted to RMB 518.51 billion ($82.6 billion), increasing by 12.7 percent year on year. In 2011, investment in actual construction of railways in China had totaled RMB 460.12 billion ($73.3 billion).