FAI in roads and waterways in China up 11.8 percent in Jan-Oct

Monday, 30 November 2020 12:23:20 (GMT+3)   |   Shanghai
       

In the January-October period this year, fixed asset investment (FAI) in roads, and waterways in China totaled RMB 2.15 trillion ($0.33 trillion), increasing by 11.8 percent year on year, 1.0 percentage point slower than the growth seen in the first nine months of the current year, as announced by China’s Ministry of Transportation (MOT). Meanwhile, FAI in roads and waterways in China in the January-October period was 19.4 percent higher than the overall target of RMB 1.8 trillion for the whole year.

In particular, in the given period FAI in construction of roads, inland rivers and coastal facilities in China amounted to RMB 2.03 trillion ($0.31 trillion), RMB 52.9 billion ($8.1 billion) and RMB 50.84 billion ($7.7 billion), increasing by 12.0 percent, 11.3 percent and 20.6 percent year on year, respectively.

In the January-October period this year, FAI in transportation reached RMB 2.8466 trillion ($0.43 trillion), up 8.9 percent year on year.

$1 = RMB 6.5782


Similar articles

China’s FAI increases by 4.2 percent in January-February

19 Mar | Steel News

China’s real estate investments decline by 9.0 percent in Jan-Feb

19 Mar | Steel News

FAI in railway amounts to RMB 65.2 billion in January-February, up 9.5%

11 Mar | Steel News

FAI in China’s railways up 11.6 percent in January

22 Feb | Steel News

China’s real estate investments down 9.6% in 2023, almost similar to fall in 2022

17 Jan | Steel News

China’s FAI increases by three percent in 2023

17 Jan | Steel News

China’s Longxin Iron & Steel to replace electric arc and ladle refining furnaces

10 Jan | Steel News

FAI in China’s railways amounts to RMB 764.5 billion in 2023

09 Jan | Steel News

FAI in China’s railways will reach RMB 760 billion in 2023

28 Dec | Steel News

Valin Xiangtan Iron and Steel plans to increase capital in Valin Xiangtan Iron and Steel (Singapore) Co.

20 Dec | Steel News