Even though China’s economic growth is slowing down, the country increased its investment in railways in 2015, reported state news agency Xinhua.

Workers lay tracks at the construction site of Hangzhou-Changsha high-speed railway in Zhuji City east China’s Zhejiang Province

This year, China spent 820 billion yuan ($126 billion) on rail projects and put more than 9,000 kilometers of new track into operation, meeting its annual targets of 800 billion yuan investment and 8,000 kilometers of new lines, according to China Railway Corporation.

With a newly completed high-speed railway track in the southern Hainan Province, China now has 19,000 kilometers of high-speed rail.

Even as the country endures continues deceleration of growth in its investment in fixed assets, railway construction projects have experience fast growth. In the first 11 months of 2015, fixed-asset investment grew 10.2% year over year, down from 13.9% growth seen at the beginning of this year.

For the first half of the 2015, China reported that gross domestic product had grown 7%, but in the third quarter, economic growth slowed to 6.9%. For 2016, China expects GDP to grow 6.5%.

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1 Comment

  1. Thanks for the review all my life right from my childhood age. When my parents asked me, what I want to become in life, what I want to study. I said construction that I want to be building things like road, houses, railway tracks and all. When I saw this article it reminds me of those times when I am saying I want to go to construction. You did a nice work writing such a touching article,
    Thanks so much.

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