Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Railway spending soars nearly 38%
Adjust font size:

China's railway investment soared 37.5 percent from January to July. The numbers are attributed to a building boom of high-speed lines and the country's desire to link together poor regions.

The investment reached 133.78 billion yuan (US$19.6 billion), the Ministry of Railways said yesterday. More people than ever are using railways. In the first seven months of the year trains carried 855.3 million passengers, up 12.6 percent from the same period last year. Cargo volume was 1.94 billion tons, up 6.8 percent from 2007.

(Shanghai Daily September 9, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Railway capacity lags behind coal demand
- Railway cargo transport up 6.8%
- High speed railway moves 20,000 passengers daily
- China opens 1st high speed railway
Most Viewed >>
- SAFE takes US$6.7b stake in British firms
- China to step up trade with Pacific island countries
- Banks urged to lend for economic growth
- Changchun once more the focus of NE Asia
- Exchangeable bonds allowed to ease stock oversupply
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?