China's passenger traffic surges 47% in July
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BEIJING -- China handled a total of 910 million passenger trips via commercial transport last month, a surge of 47 percent year-on-year, said the Ministry of Transport.
A total of 8.21 billion passenger trips were made in urban areas in July, an expansion of 14.7 percent year-on-year, data showed.
Fixed-asset investment in transport reached 348.6 billion yuan ($48.55 billion) last month, up 5.3 percent year-on-year, according to the ministry.
In breakdown, fixed-asset investment in railways climbed 8 percent year-on-year to 66.4 billion yuan in July, while that for roads and waterways increased 4.8 percent year-on-year to 271.6 billion yuan. Investment in the civil aviation sector came in at 10.5 billion yuan, up 2.5 percent year-on-year.
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