MNI BRIEF: China Rail Investment Accelerates In August

China’s nationwide railway fixed-asset investment totalled CNY504.1 billion from January to August, an increase of 5.6% year-on-year, faster than the 5.5% rise in H1, China State Railway Group announced on Tuesday. 

This has effectively played a role in driving overall social investment and has injected new momentum into comprehensively expanding domestic demand, the group added. 

China’s total fixed-asset investment growth decelerated to 0.5% y/y in the Jan–Aug period from the previous 1.6%, marking the slowest pace since Aug 2020, National Bureau of Statistics data showed Monday.

China’s latest round of consumption stimulus will emphasise boosting services, with local governments taking the lead as near-term, advisors told MNI. (See MNI: China To Bolster Service Consumption)