China's fixed asset investment in the railway sector rose 21.6% year on year to 157.61 billion yuan in the first five months of this year, among which, 117.58 billion yuan of investment is from China Railway Corporation and another 14.69 billion yuan are from local government and other enterprises. This will improve production ability including steel rails,rail fasteners, joint bar,baseplates,rubber pads,etc.
This year, 650 billion yuan is aimed to be allocated to fixed asset investment in the railway sector, including 520 billion yuan for infrastructure construction. |
