China railways fast-tracks massive 124 billion yuan in December

The mainland massively accelerated its rail spending in December, enabling the nation to meet its ambitious target of 630 billion yuan (HK$778 billion) of capital expenditure on railways last year. Rail spending has recovered from a severe cutback after the arrest of former railways minister Liu Zhijun for alleged corruption in February 2011 and the fatal high-speed-train crash in July 2011.

via Business feed http://www.scmp.com/business/china-business/article/1133972/china-railways-fast-tracks-massive-124-billion-yuan-december