07
Jan
06:56
China's railway fixed asset investment stabilises in 2019
China Railway Corporation (CRC) reports that railway fixed asset investment reached CNY 802.9 billion ($115.37 billion) in 2019, almost unchanged from 2018's CNY 802.8 billion, Kallanish notes.
By the end of 2018, railway fixed asset investment (FAI) had exceeded CNY 800 billion annually for six straight years. However, the 2019 FAI is about CNY 47 billion lower from the CNY 850 billion target set in January 2019. Although China's …
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Anonymous
Very good overview of the weekly steel market.
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