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Economy

China ups investment in road, waterway infrastructure

March 21, 2022


Abstract : China increased investment in road and waterway infrastructure in the first two months of the year, according to data from the Ministry of Transport.

Aerial photo taken on Dec. 3, 2021 shows rural roads and the Guilin-Liucheng Expressway in Rongan County, south China's Guangxi Zhuang Autonomous Region. (Xinhua/Huang Xiaobang)

BEIJING, March 19 (Xinhua) -- China increased investment in road and waterway infrastructure in the first two months of the year, according to data from the Ministry of Transport.

Fixed-asset investment in road and waterway infrastructure jumped 14.8 percent year on year to 273.1 billion yuan (about 43.1 billion U.S. dollars) from January to February.

Southwest China's Guizhou Province reported the fastest growth in this regard, with investment more than doubling from a year ago to 20.67 billion yuan in the first two months.

North China's Tianjin Municipality saw the sharpest decline during the period, with the investment plunging 76.2 percent year on year, data showed.

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Keyword: infrastructure investment

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