China to invest 800b yuan in railway network in 2016: report
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Shanghai
CHINA will invest 800 billion yuan (S$175 billion) in fixed assets in 2016 as part of ongoing efforts to expand its railway network, the official Shanghai Securities News reported on Monday.
State-owned China Railway Corp expects to boost passenger traffic by 10 per cent and freight volume by 2 per cent in 2016, the paper quoted the firm's general manager Sheng Guangzu as saying at a conference on Sunday.
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