Spending on Rail Lines, Trains to Hit 3.8 Tln Yuan over Next Five Years

(Beijing) – China plans to spend 3.8 trillion yuan in railroad infrastructure during the 2016-20 period, an official document viewed by Caixin shows.

The National Railway Administration document that Caixin viewed on December 31 says the government plans to spend 3 trillion yuan on building railroads and 800 billion yuan on updating current trains over five years.