China is struggling to maintain momentum in its railway infrastructure programme, after a decade-long building spree. Photo: Xinhua

China’s railway spending plummets as Beijing struggles to sustain momentum

  • Railway spending in August plunged 27.1 per cent following a decade-long building spree which has given China two-thirds of the world’s high-speed rail tracks
  • Railway fixed-asset investment was 449.6 billion yuan (US$63 billion) in the first eight months of 2019, a modest 2.5 per cent fall from the same period last year
Topic |   China economy
China is struggling to maintain momentum in its railway infrastructure programme, after a decade-long building spree. Photo: Xinhua
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