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China’s transport investment surges in January

Abstract : China's fixed-asset investment in the transport sector registered a rapid increase in January from a year earlier, an official said Friday.

BEIJING, Feb. 26 (Xinhua) — China’s fixed-asset investment in the transport sector registered a rapid increase in January from a year earlier, an official said Friday.

In January, the sector’s total fixed-asset investment soared 42.1 percent year on year to 191.2 billion yuan (about 29.5 billion U.S. dollars), Sun Wenjian, a spokesperson with the Ministry of Transport, told a press conference.

The figure climbed 13.8 percent from January 2019, Sun said.

Most of the transport investment went to road and waterway construction, which surged 52.3 percent from a year ago to 143.4 billion yuan in January, Sun added. Enditem

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Source: China’s transport investment surges in January

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