Fixed-asset investment in railways surges in January

China's railway industry saw a significant rise in fixed asset and infrastructure investment during January. Data from the Ministry of Railways showed fixed-asset investment worth 20.99 billion yuan ($3.36 billion) was agreed, up 70.9 percent on the same period last year, while infrastructure investment rose 62.3 percent to 14.18 billion yuan from a year earlier. Railway fixed-asset investment generally includes infrastructure investment, updating and alteration of facilities, and buying locomotives.

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