Total fixed asset investments (FAI) in transportation in China in the January-May period this year amounted to RMB 1.4 trillion ($0.19 trillion), up 12.7 percent year on year, as announced by China’s Ministry of Transportation (MOT).
In the first five months this year, the FAI in the construction of roads, waterways, inland rivers, and coastal facilities in China amounted to RMB 1.06 trillion ($0.15 trillion), RMB 73.38 billion ($10.2 billion), RMB 38.45 billion ($5.3 billion) and RMB 33.4 billion ($4.6 billion), up 13.2 percent, 30.3 percent, 41.5 percent and 16.8 percent, year on year, respectively.
Total FAI in transportation in China in May totaled 337.3 billion ($46.7 billion), up 10.7 percent year on year.