China's investment in highways, waterways grows in Jan-May

BEIJING -- China's fixed-asset investment in highways and waterways reported growth in the first five months, recovering from a year-on-year decline of 7.8 percent in the January-April period, official data showed.

Total FAI in highways and waterways amounted to 771 billion yuan (about $109 billion) in the first five months this year, edging up 2.3 percent year-on-year, according to the Ministry of Transport.

Specifically, investment in highway construction stood at 718.3 billion yuan, while that of inland rivers reached 21.9 billion yuan during the period, seeing year-on-year growth of 1 percent and 1.9 percent, respectively.

Meanwhile, the FAI in coastal construction was 19.9 billion yuan in the period, ticking up 1.7 percent from the previous year.