Railway investment growth slowdown

The Ministry of Railways announced Wednesday that fixed-assets investment in railways climbed to 37.63 billion yuan ($6.05 billion) in the first two months of 2013, a jump of 25.7 percent year-on-year. The growth has slowed compared with a growth rate of 70.9 percent year-on-year in January, the ministry said.

The growth of railway infrastructure construction investment also slowed in January and February combined to 20.9 percent year-on-year, reaching 25.14 billion yuan. In January, the growth was 62.3 percent year-on-year.