ZCZC
BCN-16
CHINA-INVESTMENT-HIGHWAY-WATERWAY
China’s investment in highways, waterways up 3.8 pct in Jan.-July
BEIJING, Aug. 25, 2019 (BSS/Xinhua) – 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 (about
170.98 billion U.S. dollars) 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.
BSS/XINHUA/HR/1300