Report: China's railway investment to exceed target in 2018

SHANGHAI, Aug 3 (SMM) – China's fixed asset investment in railways will exceed targets and stand above 800 billion yuan in 2018, according to an official from China Railway. 

More investment in domestic locomotive vehicles and hastened construction in infrastructure contributed to the increase, the official said. 

China had planned to invest 732 billion yuan in railway fixed assets in 2018, with 702 billion yuan for railway construction, the lowest target since 2014. China invested 801 billion yuan in fixed assets for railways in 2017, SMM learned.