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16 Nov, 2011

Railway investment falls amid debt pressure – chinadaily.com.cn

China’s railway investment in the first 10 months of this year fell sharply, as the Ministry of Railways (MOR) is facing mounting pressure to pay off creditors.

The ministry announced Tuesday that its fixed asset investments reached 429 billion yuan ($68 billion) in the first 10 months of this year, representing a sharp decrease of 25.2 percent from a year ago.

Its infrastructure investment in the first 10 months reached 367 billion yuan, falling 28 percent year-on-year, according to data released by the ministry.

via Railway investment falls amid debt pressure|Economy|chinadaily.com.cn.