In the January-November period this year, fixed asset investment (FAI) in roads, and waterways in China totaled RMB 2.1595 trillion ($0.31 trillion), increasing by 2.9 percent year on year, as announced by China’s Ministry of Transportation (MOT). The pace of growth was 0.5 percentage points below the increase rate for the first ten 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 2.02 trillion ($0.29 trillion), RMB 54.75 billion ($7.8 billion) and RMB 48.27 billion ($6.9 billion), increasing by 1.9 percent, decreasing by 2.5 percent and down 4.5 percent year on year, respectively.
In the first 11 months of 2018, FAI in construction of roads, inland rivers and coastal facilities in China had risen by 0.2 percent, increased by 1.7 percent, and decreased by 18.1 percent, year on year, respectively.