Investment in transport assets will continue
China DailyA 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.