China ups investment in road, waterway infrastructure

0 Comment(s)Print E-mail Xinhua, March 20, 2022
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In this aerial photo, vehicles heading to Shanghai run on an expressway in Wuxi city, eastern China's Jiangsu province, Feb. 6, 2022. [Photo/Xinhua]

China increased investment in road and waterway infrastructure in the first two months of the year, according to data from the Ministry of Transport.

Fixed-asset investment in road and waterway infrastructure jumped 14.8% year on year to 273.1 billion yuan (about US$43.1 billion) from January to February.

Southwest China's Guizhou Province reported the fastest growth in this regard, with investment more than doubling from a year ago to 20.67 billion yuan in the first two months.

North China's Tianjin Municipality saw the sharpest decline during the period, with the investment plunging 76.2% year on year, data showed.

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