In the January-October period this year, fixed asset investment (FAI) in roads, and waterways in China totaled RMB 1.92314 trillion ($0.27 trillion), increasing by 3.4 percent year on year, as announced by China’s Ministry of Transportation (MOT). The pace of growth was just 0.1 percentage point below the increase rate for the first nine months of the year.
In particular, in the given period FAI in construction of roads, inland rivers and coastal facilities in China amounted to RMB 1.81 trillion ($0.26 trillion), RMB 47.51 billion ($6.7 billion) and RMB 42.14 billion ($6 billion), increasing by 2.6 percent, rising by 1.3 percent and decreasing by 5.9 percent year on year, respectively.
In the first ten months of 2018, FAI in construction of roads, inland rivers and coastal facilities in China had declined by 0.1 percent, risen by 4.0 percent and decreased by 20.2 percent, year on year, respectively.