China’s railway operator said heavy investment in its railway network will continue in 2019, which experts say will help stabilize investment and counter slowing economic growth.
China spent about 803 billion yuan ($116.8 billion) on railway projects and put 4,683 km of new track into operation in 2018, of which 4,100 km were for high-speed trains.
As of the end of last year, the total length of China’s high-speed railways rose to 29,000 km, more than two-thirds of the world’s total, it said.
With the new high-speed lines to be put in operation this year, China will reach its goal of building a 30,000-km high-speed rail network one year ahead of schedule.
Post time: Jan-08-2019
