In the first eight months of the current year, China's fixed-asset investments in its transport sector reached RMB 993.451 billion ($161.3 billion), up 12.1 percent year on year, with this growth rate 2.9 percentage points higher than that recorded in the January-July period. The investment figure for August alone was RMB 173.503 billion ($28.2 billion), as announced by China's Ministry of Transport.
Specifically, nearly RMB 899.3 billion ($146 billion) of the investment total for the January-August period was used in the construction of roadways, RMB 30.4 billion ($4.9 billion) was invested in inland waterway construction, RMB 55.6 billion ($9.1 billion) was used in the development of coastal areas, while the remaining RMB 8.1 billion ($1.3 billion) was spent on other construction projects in the transport sector.