China plans to spend $503 billion to expand its railway system by 2020 as it turns to investments in infrastructure to bolster growth and improve connectivity across the country, Bloomberg News reported.
The high-speed rail network will span more than 18,650 miles under the proposal, which is about 6.5 times the length of a road trip between New York and Los Angeles, and will cover 80% of major cities in China, the report said.
