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

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

Zhou Xin

Zhou Xin co-leads the political economy team at the Post. He mainly covers economic stories but also writes about Chinese politics and diplomacy. He has previously worked for Reuters and Bloomberg in Beijing.