Official data showed that China’s fixed-asset investment in the transportation sector expanded to nearly 2.2 trillion yuan (about 339.22 billion US dollars) in the first eight months of the year.
The Chinese Ministry of Transport said that the figure rose by 3.2% from the same period last year.
Specifically, investment in highway construction reached 1.6 trillion yuan, up 6 percent year on year in the January-August period, while investment in the waterway sector rose 18.4 percent year on year to 91.4 billion yuan during the period.
The data showed that in August alone, the country’s fixed asset investment in the transportation sector reached 304.9 billion yuan, down 7.6 percent year on year.
The article, 339 billion dollars, the volume of China’s investment in the field of transportation within 8 months, was written in Al Borsa newspaper.