In the January-August period this year, fixed asset investment (FAI) in roads, and waterways in China totaled RMB 1.42094 trillion ($0.2 trillion), increasing by 3.7 percent year on year, as announced by China’s Ministry of Transportation (MOT).
In particular, in the given period FAI in construction of roads, inland rivers and coastal facilities in China amounted to RMB 1.35 trillion ($0.19 trillion), RMB 36.83 billion ($5.2 billion) and RMB 33.0 billion ($4.7 billion), increasing by 3.8 percent, rising by 0.6 percent and decreasing by 3.3 percent year on year, respectively, while the FAI figures had risen by 4.0 percent, declined by 0.2 percent and increased by 4.4 percent in the first seven months. In the first eight months of 2018, FAI in construction of roads, inland rivers and coastal facilities in China had declined by 1.0 percent, risen by 5.9 percent and decreased by 18.6 percent, year on year, respectively.
Fu Linghui, spokesman for China’s National Bureau of Statistics (NBS), stated regarding the latest data that China has increased its support for infrastructure construction, further increased the issuance of special bonds and brought forward some of the quota for special bonds for next year to the current year, in order to support the growth of infrastructure investments during the remaining period of the year.
Accordingly, there will be solid support for the growth of FAI in roads, railways, waterways and civil aviation in China in the coming period.