December 26 – Highway passenger traffic in China totaled 2.79 billion people in November and 29.99 billion people between January and November, up 9.5% and 7.8% respectively from the same periods a year ago, according to the Ministry of Transportation.
December 23 – China plans to invest ¥500 billion in railways in 2012, including the construction of 6,366km of new tracks, the Ministry of Railways said. This year's investment is projected to total between ¥450 billion and ¥500 billion, falling short of the original ¥600 billion target.
December 16 – Investment in China's railroad network jumped 42% from a month earlier to ¥29 billion in November, according to the Ministry of Railways. Between January and November, the amount slid 28.4% to ¥491.6 billion.
December 6 – China's rail passenger traffic totaled 1.72 billion people and rail cargo traffic totaled 3.59 billion tons in the first 11 months of 2011, up 10.9% and 8% respectively from the same period a year ago, according to the Ministry of Railways.
December 2 – Chinese cities are expected to pump ¥1.2 trillion into constructing 1,400km of new subway tracks by the end of 2015, according to the National Development and Reform Commission. The total length of the country's rapid transit rail system will reach 1,600km in 28 cities by the end of this year.
November 16 – Fixed-asset investment in China's railroads fell 25.2% year on year to ¥428.99 billion in the first 10 months, according to the Ministry of Railways. The decrease was due largely to the government suspending some projects after the deadly high speed train crash in July.
November 8 – Annual investment in China's rapidly expanding railroad system will be scaled back to ¥500 billion in the next four years after a deadly high speed train crash in July, the China Securities Journal reported, citing people familiar with the matter. Investment in rail projects declined 19.3% year on year to ¥395.4 billion in the first nine months of this year. More than ¥840 billion was invested last year.
November 2 – The Ministry of Railways has been given ¥200 billion in government funds and bank loans to proceed with its projects nationwide, Xinhua News Agency reported. China suspended construction on over 10,000km of railroad after a deadly train crash in July.
$1 = ¥6.3