INVESTMENTS in China's rail sector has slowed as Beijing handles excess debt from stimulus measures, showing signs of falling economic growth, according to analysts, reports Hong Kong's South China Morning Post.
According to the National Railway Administration, railway investment this year fell eight per cent from the previous year to CNY203.6 billion (US$31.5 billion). In 2020, China spent CNY781.9 billion on investments, compared to CNY803.9 billion in 2019 and CNY802.8 billion in 2018.
The decrease in railway spending coupled with slowing investments overall and weaker consumer spending are signals that China's economic recovery has slowed, said investment bank Natixis.
SeaNews Turkey
According to the National Railway Administration, railway investment this year fell eight per cent from the previous year to CNY203.6 billion (US$31.5 billion). In 2020, China spent CNY781.9 billion on investments, compared to CNY803.9 billion in 2019 and CNY802.8 billion in 2018.
The decrease in railway spending coupled with slowing investments overall and weaker consumer spending are signals that China's economic recovery has slowed, said investment bank Natixis.
SeaNews Turkey
