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

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.