China’s transport investment up 6.3% in first three quarters

October 28, 2022 21:13 Xinhua

BEIJING — China‘s transport sector continued to see steady growth in fixed-asset investment in the first three quarters of this year, data from the Ministry of Transport showed on Oct 28.

During the period, fixed-asset investment in the sector totaled 2.7 trillion yuan (about $376.58 billion), up 6.3 percent year-on-year, according to the ministry.

In the third quarter, the investment rose 5.7 percent over one year earlier, with a pace of 0.8 percentage points faster than the second quarter.

Between January and September, investment in road construction climbed 10 percent year-on-year to about 2.06 trillion yuan.

Investment in waterway construction reached 112.4 billion yuan in the same period, up 6.4 percent year-on-year.