This undated photo shows a Fuxing CR400BF-GZ bullet train in Heilongjiang province. (YUAN YONG / CHINA DAILY)
BEIJING - China's fixed-asset investment in the transport sector reported robust growth from January to April, official data shows.
The total investment in transport came in at 1 trillion yuan (about $140.8 billion) during the period, rising 13.4 percent from the same period last year, according to the Ministry of Transport.
Specifically, investment in waterway development surged 29.8 percent year-on-year to 56 billion yuan. Investment amounting to approximately 786.1 billion yuan was channeled into road construction, an increase of 14.5 percent year-on-year.
ALSO READ: China's transport investment up 5.8 pct in Jan-Nov
In April alone, transport investment grew by 13.6 percent year-on-year to 315 billion yuan, the data shows.
Copyright 1995 - 2023. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily. Without written authorization from China Daily, such content shall not be republished or used in any form.
![]() |
![]() |
CHINA DAILY HONG KONG NEWS |
OPEN |