Railway industry benefits from high investment growth related sub-industries

(Chase Securities Shaojiang) The first four months of this year, the railway construction completed the total investment in fixed assets of 118.04 billion yuan, an increase of 127.9%, of which the capital accumulation of total investment of 103.42 billion yuan, a significant increase of 167% over the same period last year.　　At present, the central funds have all been put into place, focusing on speeding up the railway passenger dedicated line, the coal transportation Channel and the West area as the main land development area, promoting the developed and perfect railway network to be completed as soon as possible. At present, Beijing-Shanghai, Wuguang, Zheng-XI, Kazakhstan and other lines of the world attention of the railway passenger dedicated line construction progress in full swing. This year, the Ministry of Railways planned to complete the investment of infrastructure and locomotive and vehicle purchase 700 billion yuan, completed the railway construction investment of 330 billion yuan in 2008, the large increase in fixed assets investment in railways will inevitably lead to a sharp rise in demand for railway equipment, and the construction machinery industry, which is closely related to railway construction, To maintain these two sub industries overweight rating. (EAS securities Shaojiang)