China's Ministry of Railways has stated that in the current year investment in railway construction in China is expected to reach RMB 496 billion ($78.36 billion), increasing by RMB 90 billion ($14.22 billion) compared to the RMB 406 billion ($64.14 billion) budgeted at the beginning of this year. As reported by SteelOrbis, the Ministry of Railways lately announced that investment in construction of railways in China in the January-August period of the current year totaled RMB 227.77 billion ($35.94 billion), decreasing by RMB 88.70 billion ($13.68 billion) year on year. Accordingly, the major part of China's railway construction investment for the current year is expected to be implemented in the remaining part of the year and so a boom in railway construction activity may be witnessed in China up to the end of the year.