+
Sheng
Guangzu, Minister
of Railways, announced on December 23 that China plans to invest only CNY 400
billion in railway infrastructure construction in 2012, a significant drop from
the budgeted CNY 700 billion investments in 2011.
+
Statistics
from the Ministry of Railways show that from January to November, fixed asset
investments totaled CNY 491.6 billion, down 28.4% year-on-year. Of this amount,
CNY 396.3 billion was invested into railway infrastructures, a 34.7%
year-on-year decrease.
+
The
Ministry of Railway is experiencing stricter bank lending and diversification
of financing sources will be the primary
goal in future reforms. All indicators point to a slow down of China’s railway
construction.
+
Related
Data: Fixed Asset Investment in Railways
Investment
activities of Chinese railways are slowing down.
For more data on other statistics about Chinese railway system, please visit www.chinascopefinancial.com
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