China’s railway investment to exceed $121b in 2017

China’s railway investment to exceed $121b in 2017

This year’s fixed investment in the railway sector might exceed 800 billion yuan ($121.04 billion), a target set by China Railway at the beginning of 2017, Economic Information Daily reported Wednesday, citing unnamed industry source.

The source attributed his prediction to current construction progress and the fact that generally the fourth quarter is a peak season for railway building.

In the…

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