China’s fixed asset investment in railways hit 371.3 billion yuan (about 51.9 billion U.S. dollars) in the first seven months of 2023, representing a 7 percent increase compared to the same period last year, data from the China State Railway Group Co., Ltd. showed.
The company revealed that in the previous month, the completion of renovation projects on some railways has both eased travel for passengers and boosted transport capacity and efficiency, particularly in the country’s western region.
For instance, the upgrade project for the Xining-Golmud section of the Qinghai-Tibet Railway allowed 160 km/h bullet trains to operate, easing passengers’ travel to Golmud and Delingha.—Xinhua
