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Fixed investment in railways grows

2009-09-22 08:57 BJT

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Investment in China's railways for the first eight months of the year has shot up to nearly double that from the same period last year.

Figures from the Ministry of Railways shows 330 billion yuan being spent from January to August, up from 160 billion yuan in 2008. Meanwhile, other indicators for the rail sector also point to recovery as they approach levels hit before the start of the global financial crisis.

The transport of passengers by railway has also gone up 5.3 percent from the first eight months of 2008, to hit 104 million for the same period this year. While 217 million tons of cargo has been moved. That marks a 2.9 percent year-on-year decline, but at a slower rate of decrease compared with earlier months.

Editor: Xiong Qu | Source: