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China's transport investment reaches nearly 2.2 trln yuan in Jan-Aug

Updated: Oct 3, 2021 Xinhua Print
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Chongqing Xinsheng Port, the first 10,000-metric-ton port in the upper reaches of the Yangtze River, begins operations on Sept 29, 2021. [Photo provided to chinadaily.com.cn]

BEIJING -- China's fixed-asset investment in the transport sector expanded to nearly 2.2 trillion yuan (about $339.22 billion) in the first eight months of the year, official data showed.

The figure was up by 3.2 percent from a year ago in the same period, according to the Ministry of Transport.

Specifically, the investment in highway construction amounted to 1.6 trillion yuan, up 6 percent year on year in the January-August period, while that in the waterway sector soared 18.4 percent year on year to 91.4 billion yuan during the period.

In August alone, the country's fixed-asset investment in the transport sector reached 304.9 billion yuan, down 7.6 percent year on year, the data showed.

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