Railway investment up 1.9% in H1
China’s railway investment increased in the first half of the year and national railway investment is expected to hit a new high in 2017, authorities said on Wednesday. In the first half, fixed asset investment on railways hit 312.5 billion yuan ($45 billion), up 1.9 percent year-on-year, according to the China Railway Corp. “Investment is expected to hit a new high for the whole year, as construction in the second half year will rise as new projects get underway,” said Wang Mengshu of the China Academy of Engineering. Scheduled progress has been made in 27 major projects, including the Beijing-Shenyang passenger line and the Hangzhou-Huangshan high-speed line, CRC said. More lines will be started in the second half, including a high-speed line between Anqing and Jiujiang and a line between Huanggang and Huangmei. report from Macro Polo, an in-house think tank of the Paulson Institute at the University of Chicago, aiming to analyze China’s economy. China became the second-largest source of outward FDI for the first time in 2016, when Chinese companies spent $183 billion in cross-border mergers and acquisitions, according to the World Investment Report 2017 released by the United States Conference on Trade and Development.