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China’s slowing railway investment contributing to signs that economic growth is losing steam, analysts say

Summary:
[unable to retrieve full-text content]Investment in China’s unprofitable rail sector has slowed as Beijing clamps down on excess debt, contributing to signs that growth of the world’s second-largest economy has begun to lose steam, according to analysts.But despite Beijing’s debt concerns, it is likely to expand fiscal stimulus in the second half of the year to ensure that growth does not slow too much, they said.China’s railway investment between January and May dipped to 203.6 billion yuan (US.5 billion) – 8 per cent below the…

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[unable to retrieve full-text content]
Investment in China’s unprofitable rail sector has slowed as Beijing clamps down on excess debt, contributing to signs that growth of the world’s second-largest economy has begun to lose steam, according to analysts.But despite Beijing’s debt concerns, it is likely to expand fiscal stimulus in the second half of the year to ensure that growth does not slow too much, they said.China’s railway investment between January and May dipped to 203.6 billion yuan (US$31.5 billion) – 8 per cent below the…

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