App

China's investment in highways, waterways up 3.8% in Jan-July
Updated: August 25, 2019 07:02 Xinhua

BEIJING — China's fixed-asset investment (FAI) in highways and waterways registered steady growth in the first seven months of this year, official data showed.

Total FAI in highways and waterways reached 1.21 trillion yuan ($170.98 billion) during the January-July period, a year-on-year growth of 3.8 percent, the Ministry of Transport (MOT) said in a report on its website.

Specifically, investment in highways expanded 4 percent to reach 1.14 trillion yuan, while that of coastal construction recorded the fastest growth rate of 4.4 percent to 29.29 billion yuan during the period, the MOT said.

The FAI growth rate registered in central regions hit 11.1 percent year-on-year for the first seven months, which was much higher than that of western and eastern China.

China will expand infrastructure investment in 2019, including 800 billion yuan in railway construction and 1.8 trillion yuan in road construction and waterway projects, according to a government work report.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218