This undated photo shows a Fuxing CR400BF-GZ bullet train in Heilongjiang province. (YUAN YONG / CHINA DAILY)
BEIJING – China's fixed-asset investment in the transport sector reported robust growth from January to April, official data shows.
The total investment in transport came in at 1 trillion yuan (about $140.8 billion) during the period, rising 13.4 percent from the same period last year, according to the Ministry of Transport.
Specifically, investment in waterway development surged 29.8 percent year-on-year to 56 billion yuan. Investment amounting to approximately 786.1 billion yuan was channeled into road construction, an increase of 14.5 percent year-on-year.
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In April alone, transport investment grew by 13.6 percent year-on-year to 315 billion yuan, the data shows.