The national railway investment growth rate has slowed down, reaching a historic high last year.

Under the high base conditions that set a record last year, the national railway investment growth rate slowed down as we entered the second quarter of this year. On June 12, China Railway Group announced that from January to May this year, the national railway completed fixed asset investment of 248.5 billion yuan, an increase of 2.6% compared to the same period last year. This growth rate has slowed compared to the previous two years. From January to May of this year, the national railway completed fixed asset investment growth of 5.5%, 5.4%, 5.1%, 3.2%, and 2.6%. It can be seen that as we enter the second quarter, the investment growth rate has decreased significantly. This is related to the record-breaking investment scale set last year. By 2025, the national railway completed fixed asset investment exceeded 900 billion yuan, reaching 901.5 billion yuan, an increase of 6% year-on-year, with 3,109 kilometers of new lines put into operation, including 2,862 kilometers of high-speed rail. The role of railway investment has been fully demonstrated. Overall, during the "14th Five-Year Plan" period, the national railway investment completed 3.98 trillion yuan, which is equivalent to the scale of high investment in the "13th Five-Year Plan" period. During the "14th Five-Year Plan" period, the operating mileage of the national railway increased from 146,300 kilometers to 165,000 kilometers, a growth of 12.8%, and the high-speed rail increased from 37,900 kilometers to 50,400 kilometers, an increase of 32.98%.