Global EditionASIA 中文双语Français
Business
Home / Business / Industries

China's transport investment posts robust growth in Q1

Xinhua | Updated: 2022-04-26 15:36
Share
Share - WeChat
Containers await shipping at a port in Xiamen, Fujian province. [Photo by WANG XIEYUN/CHINA DAILY]

BEIJING - China's transport sector notched an increase in fixed-asset investment in the first quarter of the year (Q1), the Ministry of Transport said Tuesday.

In the January-March period, fixed-asset investment in the sector amounted to 636 billion yuan ($96.97 billion), up 9.8 percent year-on-year, according to the ministry.

The growth rate climbed 1 percentage point from the fourth quarter in 2021, providing effective support for stabilizing the macroeconomy, said Wang Songbo, an official with the ministry, at a press conference.

The majority of the funds went to road and waterway infrastructure construction, with investment in road construction rising 11.8 percent year-on-year to 481 billion yuan in the period.

Investment in waterway construction came in at 31 billion yuan in Q1, up 5.4 percent.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE