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
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China economy
China is struggling to maintain momentum in its railway infrastructure programme, after a decade-long building spree. Photo: Xinhua
The US-China trade war has thrown a spotlight on the slowdown seen in the semiconductor industry. Photo: Xinhua
Trade war alone did not cause the slump in Asia’s export hubs, but Donald Trump ‘blocking’ recovery
- Tariff war between the world’s two largest economies has rippled through the semiconductor industry tied to the global roll out of 5G
- Singapore, South Korea and Taiwan have seen sharp drops in growth this year due to declining electronic exports
Topic |
US-China trade war
The US-China trade war has thrown a spotlight on the slowdown seen in the semiconductor industry. Photo: Xinhua