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China’s railway investment loses steam as government turns from debt-fuelled building boom

Summary:
[unable to retrieve full-text content]China’s railway authority will prioritise restructuring its operations to enhance efficiency and revenue this year, rather than continuing to expand track mileage, in the latest example of Beijing moving away from debt-fuelled growth.Annual railway investment, which often reflects government enthusiasm for infrastructure investment, dropped to 781.9 billion yuan (US0.7 billion) last year, falling below 800 billion yuan for the first time since 2013, according to data released at the annual…

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[unable to retrieve full-text content]
China’s railway authority will prioritise restructuring its operations to enhance efficiency and revenue this year, rather than continuing to expand track mileage, in the latest example of Beijing moving away from debt-fuelled growth.Annual railway investment, which often reflects government enthusiasm for infrastructure investment, dropped to 781.9 billion yuan (US$120.7 billion) last year, falling below 800 billion yuan for the first time since 2013, according to data released at the annual…

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