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China’s Railway Construction Robust in 2015 despite Economic Slowdown

According to Xinhua reporting on China Railway Corporation figures, China surpassed its 2015 target of 8,000 km of new railway, putting more than 9,000 km of rail into operation last year. A second target, to invest RMB800 billion (C$171 billion) into rail, was also surpassed, with RMB820 billion flowing into rail investments in 2015. China’s high-speed rail lines now total 19,000 km, at a time when year-on-year investment into fixed assets declined from 13.9% at the start of 2015 to 10.2% by November.

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