Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Economy

HOME > Economy


China speeds up railway investment in first 8 months

September 12, 2018


Abstract : China accelerated investment in railway construction in the first eight months of 2018, data from the country's railway operator showed Tuesday.

全国铁路

BEIJING, Sept. 12 (Xinhua) -- China accelerated investment in railway construction in the first eight months of 2018, data from the country's railway operator showed Tuesday.

Railway investment in the January-August period reached 461.2 billion yuan (67.2 billion U.S. dollars), the China Railway Corporation (CRC) said.

The amount accounts for 63 percent of the total railway investment planned for the whole year, up from 56.8 percent for the same period of last year, according to the CRC.

Authorities have approved 23 new railway projects scheduled to be launched this year, with a combined investment of 403.3 billion yuan.

Altogether 960 km of new rail lines were put into operation in the first eight months, and 911 km of them were high-speed railways, according to the CRC.

China has pledged to improve infrastructure and accelerate approval of projects to stabilize investment and support economic growth.

Infrastructure investment in China slowed in the January-July period due to a higher comparative base from last year, the government's efforts to regulate public-private partnership projects and higher environmental standards.


Related Coverage

Focus

Think Tank

  • China's rural land reform will go much deeper this y...

    February 21, 2019

    As stated by the Document, "laws, regulations and policy measures need to be...

  • How will Brexit crisis affect China-UK economic ties...

    February 20, 2019

    It is crucial for China to understand that the first forces active in the Br...

  • Why China remains a magnet for foreign investment?

    February 20, 2019

    With all of these new initiatives in the works, it's fair to say that China ...

  • Greater Bay Area a center of innovation

    February 20, 2019

    The successful establishment of the Greater Bay Area as a center of scientif...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial