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Economy

China's investment in highways, waterways up 3.4 pct in Jan-Oct

November 25, 2019


Abstract : China's fixed-asset investment (FAI) in highways and waterways registered steady growth in the first 10 months of the year, official data showed.

BEIJING, Nov. 23 (Xinhua) -- China's fixed-asset investment (FAI) in highways and waterways registered steady growth in the first 10 months of the year, official data showed.

Total FAI in highways and waterways reached 1.92 trillion yuan (about 273 billion U.S. dollars) during the January-October period, a year-on-year growth of 3.4 percent, according to statistics from the Ministry of Transport.

Specifically, investment in inland rivers expanded 1.3 percent to reach 47.51 billion yuan, while that of highway construction recorded a growth rate of 2.6 percent to 1.81 trillion yuan during the period.

The FAI growth rate registered in central regions hit 10.4 percent year on year for the first 10 months, which was much higher than that of western and eastern China.

China plans to expand infrastructure investment in 2019, with 800 billion yuan going to railway construction and 1.8 trillion yuan going to road construction and waterway projects.

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Keyword: China economy fixed-asset investment infrastructure construction

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