Chinese transport investment remains stable in H1 2018

6th Aug 2018

China’s transport investment remained stable in the H1 of the year due to continued government efforts to improve infrastructure. More than CNY 1.3 trillion was pumped into transport projects in January-June period, largely stable compared with a year ago, according to data provided by the Ministry of Transport.

Investment in expressways, which totalled CNY 430 billion, grew vigorously at 12.8 percent YoY. The construction of rural roads saw nearly 200 billion yuan of investment, up 1.8 percent.

Infrastructure investment is significant to people’s livelihoods and steady economic growth. The country plans to spend at least CNY 2.6 trillion on transport infrastructure this year, with goals to further expand rail and road networks.

By 2020, China aims to have a modern transportation system that is safe, convenient, efficient and green.

Source: XINHUA