China's transport investment up 9.1 pct in Jan.-July-Xinhua

China's transport investment up 9.1 pct in Jan.-July

Source: Xinhua

Editor: huaxia

2022-08-15 18:43:45

BEIJING, Aug. 15 (Xinhua) -- China's transport sector reported a steady increase in fixed-asset investment in the first seven months of this year, data from the Ministry of Transport showed on Monday.

In the January-July period, fixed-asset investment in the sector amounted to over 1.6 trillion yuan (about 237.4 billion U.S. dollars), up 9.1 percent year on year, the ministry said.

The majority of funds went to road and waterway infrastructure construction, with investment in road construction jumping 9.2 percent year on year to approximately 1.52 trillion yuan.

Investment in waterway construction came in at 878 billion yuan in the first seven months, up 7 percent year on year.