Skip to content
Subscriber Only

China’s Rail Construction Investment Drops 26% After Crash

China’s rail construction investment slumped 26 percent last month after a deadly high-speed train collision prompted officials to suspend approvals for new projects and impose more safety checks.

Spending on building railroads in July amounted to 41.2 billion yuan ($6.4 billion), compared with 55.8 billion yuan a year earlier, based on Ministry of Railways data released Aug. 15. It was the biggest drop in eight months.