China’s FAI in transportation totals RMB 348.6 billion in July, up 5.3%

Total fixed asset investments (FAI) in transportation in July this year totaled RMB 348.6 billion ($48.4 billion), up 5.3 percent year on year, as announced by China’s Ministry of Transportation (MOT).

Total fixed asset investments (FAI) in roads and waterways in China in July amounted to RMB 271.6 billion ($37.7 billion), up 4.8 percent year on year, while in railway totaled RMB 66.4 billion ($9.2 billion), up 8 percent year on year.