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China’s transport investment falls in April

Abstract : China's fixed-asset investment in the transport sector dropped 5 percent year on year in April, showed official data released Thursday.

Aerial photo taken on Jan. 28, 2021 shows a section of the Lhasa-Nagqu high-grade highway (R) and the Qinghai-Tibet railway in southwest China’s Tibet Autonomous Region. (Xinhua/Jigme Dorje)

BEIJING, May 27 (Xinhua) — China’s fixed-asset investment in the transport sector dropped 5 percent year on year in April, showed official data released Thursday.

The transport sector’s fixed-asset investment totaled 285 billion yuan (about 44.51 billion U.S. dollars) last month, according to the Ministry of Transport.

Attributing the decline to a relatively high base in April 2020, the ministry said that the April investment figure represented a 13.2-percent increase from the same period in 2019.

Specifically, the investment in highway and waterway constructions amounted to 220.4 billion yuan in April, down 1.2 percent year on year and rising 21.7 percent from the 2019 level. ■

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s transport investment falls in April

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