Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China reports rising investment and falling costs in transport

July 24, 2019


Abstract : China's transport sector saw rising investment and shrinking costs in the first half, a government ministry spokesman said Tuesday.

BEIJING, July 23 (Xinhua) -- China's transport sector saw rising investment and shrinking costs in the first half, a government ministry spokesman said Tuesday.

A total of 1.37 trillion yuan (about 199.68 billion U.S. dollars) was invested in railways, highways, shipping and civil aviation in the first six months of the year, up 4.8 percent from the same period last year, said Sun Wenjian, the spokesman for the the Ministry of Transport, at a press conference.

Logistics costs and other related expenses, however, shrank by about 63.37 billion yuan in the Jan.-June period.

In terms of passenger transport, 8.75 billion passenger trips were completed, down 1.8 percent over the same period last year.

In terms of freight transportation, 24.58 billion tonnes of commercial freight were handled, up 5.9 percent. Included were 27.8 billion pieces of parcels delivered by express delivery, up 26 percent. Railway freight volume, for instance, rose 100 million tonnes year on year.

China rebuilt and renovated 135,000 kilometers of rural roads in H1, equivalent to 67.7 percent of its annual target, according to the spokesman.

Scan the QR code and push it to your mobile phone

Keyword: investment transport

Reading:

Economic transformation strengthens China's influence on world economy

China's Shanghai to start 220 projects with inv't of RMB200 bln in H2, mayor

STAR shines on first day of trading

Over 5,945 firms set up in Chongqing FTZ in H1

Foreign-funded banks expected to get A-class lead underwriter qualification for debt financing tools

Most Read

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial