Railway investment rises to $46.1b in H1

Fixed-asset investment in railways rose by 1.2 percent on a yearly basis to 325.8 billion yuan ($46.12 billion) in China during the first six months of this year despite the adverse effect of the COVID-19 epidemic, according to China State Railway Group Co Ltd. Investment in railway infrastructure rose 3.7 percent on a yearly basis to 245.1 billion yuan, with 1,178 km of railways newly put into operation as of July 1. Railway investment fell by 21 percent on a yearly basis during the first quarter to 79.9 billion yuan due to the epidemic fallout, the company said.

Warehouse storage sector fares well

China's warehouse storage sector continued to recover in June amid the gradual recovery in market demand, industrial data showed. An index tracking the sector's development climbed by 0.3 percentage point on a monthly basis to 50.7 percent in June, according to the China Federation of Logistics and Purchasing.

Xinhua