China’s fixed asset investments in the transport sector increased by 9.1% year-on-year in the first half of this year, according to data released by the Ministry of transport.
Xinhua reported that the total investment in fixed assets in the sector was 1.8 trillion yuan (about 252.04 billion U.S. dollars) during the said period, according to the Ministry of transport.
Specifically, investment in road construction increased by 8.9% year-on-year to 1.4 trillion yuan. Investments worth 93.6 billion yuan were directed to the development of waterways, an increase of 26.7% compared to the same period last year.
During the second quarter of this year, fixed asset investment in China’s transportation sector increased by 6.5% over the previous year, according to the data.
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