China steps up railway construction

China has accelerated railway construction to fulfill its annual targets in this area, new data has indicated.  Fixed-asset investment in the sector in the first eight months of 2014 amounted to 405 billion yuan (USD 65.83 billion), up 20 percent from a year ago, showed figures released by the China Railway Corporation (CRC).
The figure suggested China is more than halfway to hitting the expected 2014 railway investment, and marked the most rapid progress in rail in recent years.

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