China's railway investment up 10.5% in first 4 months
2024-05-15 10:13:25
Summary：China's railway investment has picked up pace since the beginning of this year, data from the country's r...
China's railway investment has picked up pace since the beginning of this year, data from the country's railway operator showed.
During the January-April period, fixed-asset investment in the country's railway sector reached 184.9 billion yuan ($26 billion), marking a 10.5 percent increase from the same period a year ago, according to China State Railway Group.
The growth rate was higher than the 9.9 percent expansion in the first quarter of 2024.
With the high-quality and efficient manner of building railways, the country is expediting the construction of a modern rail infrastructure system, the company said.
Latest progress in the railway construction include the operation of a new high-speed railway connecting Chizhou and Huangshan in East China's Anhui province, which will help promote local tourism. Multiple projects under construction across the country also made headway steadily last month.
During the January-April period, fixed-asset investment in the country's railway sector reached 184.9 billion yuan ($26 billion), marking a 10.5 percent increase from the same period a year ago, according to China State Railway Group.
The growth rate was higher than the 9.9 percent expansion in the first quarter of 2024.
With the high-quality and efficient manner of building railways, the country is expediting the construction of a modern rail infrastructure system, the company said.
Latest progress in the railway construction include the operation of a new high-speed railway connecting Chizhou and Huangshan in East China's Anhui province, which will help promote local tourism. Multiple projects under construction across the country also made headway steadily last month.