China’s Railway Investment Falls for a Third Straight Year

China’s investment in its state railway operations dropped 5.1% in 2022, the third consecutive year of decline, as the country wraps up building the major lines of the world’s largest high-speed railway network.

The fixed-asset investment declined to 710.9 billion yuan ($103.4 billion) last year from 802.9 billion yuan in 2019, according to a Wednesday statement from China State Railway Group Co. Ltd.