In the January-July period this year, fixed asset investment (FAI) in roads, and waterways in China totaled RMB 1.6 trillion ($0.24 trillion), increasing by 9.1 percent year on year, as announced by China’s Ministry of Transportation (MOT).
In particular, in the given period FAI in construction of roads, waterway construction, inland rivers and coastal facilities in China amounted to RMB 1.52 trillion ($0.22 trillion), RMB 87.85 billion ($12.9 billion), RMB 40.68 billion ($6.0 billion) and RMB 46.44 billion ($6.8 billion), increasing by 9.2 percent, 7.0 percent, 4.8 percent and 8.3 percent, year on year, respectively.
$1 = RMB 6.7863