Investment in transport assets will continue
1 year, 10 months ago

Investment in transport assets will continue

China Daily  

A Fuxing CR400BF-GZ bullet train runs in Heilongjiang province. Six-percent growth logged last year as expenditure pours into infrastructure China will continue to invest in fixed transportation assets this year to contribute to economic development, the transport minister said on Thursday. "Last year, China's transportation sector saw investments of 3.8 trillion yuan in fixed transportation assets, a year-on-year increase of 6 percent, contributing to economic growth. The investment for transportation infrastructure usually comes with a large amount of expenditures, which can yield quick returns and also drive the development in other sectors, said Xu Chengguang, vice-minister of transport. Last year, investment in railway fixed assets reached 710 billion yuan, about the same as in 2021.

History of this topic

Tailwinds favoring foreign trade enterprises
Trending News
1 week, 1 day ago
China's railway investment up 11.1% in first 11 months
1 week, 6 days ago
Infrastructure project reports steady progress
1 month ago
Infrastructure project reports steady progress
1 month ago
China sees 49.09 bln inter-regional trips in first 3 quarters
1 month, 3 weeks ago
Infrastructure investment to speed ahead in Q3
5 months, 3 weeks ago
Chinese builder scores big in overseas infrastructure
6 months, 2 weeks ago
Shandong's transportation network expands in past decade
2 years, 2 months ago
Tai'an posts stable economic growth
2 years, 5 months ago
Fixed-asset investment increases in Shandong
2 years, 8 months ago
Tai'an GDP hits 276.65 billion yuan in 2020
3 years, 10 months ago
Ningbo achieves progress in transportation construction
4 years ago
Tai'an achieves goals for 13th Five-Year Plan
4 years ago
Strong China-Europe rail links boost cargo traffic amid pandemic
4 years, 4 months ago

Discover Related