China's transport investment surges in January
Xinhua | Updated: 2021-02-26 15:01
BEIJING -- China's fixed-asset investment in the transport sector registered a rapid increase in January from a year earlier, an official said Friday.
In January, the sector's total fixed-asset investment soared 42.1 percent year-on-year to 191.2 billion yuan ($29.5 billion), Sun Wenjian, a spokesperson with the Ministry of Transport, told a press conference.
The figure climbed 13.8 percent from January 2019, Sun said.
Most of the transport investment went to road and waterway construction, which surged 52.3 percent from a year ago to 143.4 billion yuan in January, Sun added.
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