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Published: 16:24, May 23, 2022
China's road, waterway infra investments up in first 4 months
By Xinhua
Published:16:24, May 23, 2022 By Xinhua

A train running along the Hangzhou-Shaoxing-Taizhou intercity high-speed railway departs from Taizhou Railway Station in Taizhou, Zhejiang province, on the official opening day of the rail line in January. (PAN KANJUN / FOR CHINA DAILY)

BEIJING - China's investment in road and waterway infrastructure saw steady expansion in the first four months of the year, data from the Ministry of Transport shows.

In breakdown, China's fixed-asset investment in road construction climbed 7.7 percent year-on-year, while that for waterway infrastructure edged up 0.8 percent from the same period last year

Fixed-asset investment in road and waterway infrastructure rose 7.3 percent year-on-year to 729.5 billion yuan (about $107.51 billion) during the period, according to the ministry.

In breakdown, the country's fixed-asset investment in road construction climbed 7.7 percent year-on-year, while that for waterway infrastructure edged up 0.8 percent from the same period last year.

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North China's Inner Mongolia autonomous region reported the fastest growth in this regard, with investment surging 107.1 percent from the previous year.

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Northeast China's Liaoning province saw the sharpest decline during the January-April period, with investment plunging 81.2 percent year-on-year, the data shows. 


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