Jan-Sep railway fixed assets investment meet 78.2% of annual target

Published: Nov 5, 2018 14:38

Save

In Sep, China invested 110 billion yuan in railway fixed assets

SHANGHAI, Nov 5 (SMM) – In January-September, China's fixed asset investment in railways completed 78.2% of its annual targets and stood at 572.3 billion yuan, according to a guideline released by State Council on October 31.

In September, China invested 110 billion yuan in railway fixed assets, showed data from the guideline.

While China had planned to invest 732 billion yuan in railway fixed assets in 2018, actual investments are likely to exceed that targets and stand above 800 billion yuan, analyst believed.

"The country should further improve infrastructure and public services, raise infrastructure quality and make better use of the key role of effective investment in optimizing supply structure," according to the guideline on the government's website.

Market commentary

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Oil Prices Rise for Consecutive Days as Middle East Tensions Escalate; Silver Moves Sideways Ahead of CPI [SMM Daily Review]

[SMM Daily Review: Oil Prices Rise amid Escalating Middle East Tensions, Silver Moves Sideways ahead of CPI] SMM, September 9: Escalating Middle East conflicts pushed oil prices higher. Central bank gold purchases provided medium and long-term support, while silver prices moved sideways in the short term. Offers in the spot market remained firm, with transactions concentrated at slight premiums. Market attention is on Friday's CPI data for guidance.

1 hour ago

2 hours ago

[SMM Precious Metals Express]

ARM released its latest annual results. Core earnings rose 19% year-on-year to ZAR 3.2 billion, net cash increased by 54% to ZAR 10.2 billion, and the group declared a final dividend of ZAR 7 per share. The group’s cash generation capacity improved markedly. Tsundzukani Mhlanga, CFO of ARM, noted that cash inflows reached ZAR 4.2 billion in the reporting period, a sharp jump from only ZAR 45 million in the prior year. Phillip Tobias, CEO of ARM, also announced that the board has approved a ZAR 15.2 billion investment to develop the Bokoni PGM project. Hosting South Africa’s second-largest PGM resource base, the project is expected to have a payback period of around 6.3 years and serves as a key growth asset for the group’s PGM business.

2 hours ago

17 hours ago

[SMM Precious Metals Express]

South Africa’s PGM mine supply posted a seemingly robust recovery in the first half of this year. However, the latest assessment from Heraeus Precious Metals warns that this should not be interpreted as the start of a long‑term production growth cycle for South Africa’s PGM sector. According to the production index from Statistics South Africa, domestic PGM mine output rose roughly 12% year‑on‑year in H1 2026. Mine productivity increased by merely around 1.5% over the same period, indicating that the bulk of output growth stemmed from the low base caused by heavy rainfall and floods in H1 2025 rather than structural productivity improvements at mines.

17 hours ago