Xinhua, Beijing :
China’s fixed-asset investment (FAI) in transport posted steady growth in the first three quarters of this year, in line with government plans, the country’s transport ministry said.
FAI increased 1.4 percent year-on-year to reach 2.28 trillion yuan (about 328 billion U.S. dollars) in the period, Wu Chungeng, spokesperson of the Ministry of Transport (MOT), told a press conference.
Investment in the country’s roads and waterways reached 1.65 trillion yuan in the first three quarters, bringing in over 90 percent of the annual target.
MOF data shows that FAI on expressways had expanded 12 percent year on year to 702.6 billion yuan within the first nine months.
China’s fixed-asset investment (FAI) in transport posted steady growth in the first three quarters of this year, in line with government plans, the country’s transport ministry said.
FAI increased 1.4 percent year-on-year to reach 2.28 trillion yuan (about 328 billion U.S. dollars) in the period, Wu Chungeng, spokesperson of the Ministry of Transport (MOT), told a press conference.
Investment in the country’s roads and waterways reached 1.65 trillion yuan in the first three quarters, bringing in over 90 percent of the annual target.
MOF data shows that FAI on expressways had expanded 12 percent year on year to 702.6 billion yuan within the first nine months.
