BEIJING, Nov. 23 (Xinhua) -- China's Ministry of Transport has recently proposed that the government would support the high-quality development of transportation in Guangdong-Hong Kong-Macao Greater Bay Area, Xinhua-run Economic Information Daily reported on Thursday.
The country aims to build a network for infrastructure connectivity, establish high-quality travel service system, and construct an efficient and economical freight logistics system and a world-class port and airport clusters with international competitiveness in the Greater Bay Area.
China has accelerated the pace for approving the fixed-assets investment projects, especially for infrastructure from the last quarter of this year. So far, China's top economic planner has approved fixed-assets investment projects worth 140 billion yuan, mainly focusing on the fields of transportation and energy sectors.
According to the statistics showed by National Bureau of Statistics, fixed-asset investment, one of the major drivers of China's economy, posted a faster growth of 5.7 percent in the Jan.-Oct. period, up from 5.4 percent in the Jan.-Sept. Period.
In breakdown, investment in infrastructure increased 3.7 percent in the first 10 months, slightly up from 3.3 percent in the Jan.-Sept. period.
According to the report by HSBC, China will increase infrastructure investment by 2 trillion yuan to stabilize the growth rate of fixed-asset investment at around 5 percent by the end of 2019. (Edited by Ma Xin, maxin11@xinhua.org)
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