BEIJING — China's fixed-asset investment in the transport sector dropped 5 percent year-on-year in April, showed official data released on May 27.
The transport sector's fixed-asset investment totaled 285 billion yuan (about $44.51 billion) last month, according to the Ministry of Transport.
Attributing the decline to a relatively high base in April 2020, the ministry said that the April investment figure represented a 13.2-percent increase from the same period in 2019.
Specifically, the investment in highway and waterway constructions amounted to 220.4 billion yuan in April, down 1.2 percent year-on-year and rising 21.7 percent from the 2019 level.