China cuts railway outlay to $103B for 2014

Jan 09, 2014 | 08:42 AM |

Tags  China, railway, China Railway, Sheng Guangzu

SHANGHAI — China plans to invest 630 billion yuan ($103 billion) in railways during 2014, according to a Jan. 9 report by the state-owned Xinhua News Agency.

This is down 8.7 percent from 690 billion yuan ($113 billion) spent in 2013.....

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