Chinese railway plans to increase USD 8.8 billion in Q1 2013

China’s Railway Corporation announced to extend its total investment of USD 8.8 billion on railway in Q1 of 2013.

Meanwhile, the company will try to focus on the renovation, deviating from its concentration on new railway construction.

Currently, the most major rail makers in China were operating their mills at full capacity as demand had continued to improve since last 2012.

In the meantime, China’s heavy rail production output up by 54.8% YoY to 616,000 tonne in the first two months this year. The company is likely to see the improvement of new plans this year.