Home / Video / Breaking News / China Tools: Save | Print | E-mail | Most Read | Comment
China to invest 1 trillion yuan in transportation
Adjust font size:

 

As part of its stimulus package China is planning to invest in basic infrastructure to stimulate growth in the country's transportation sector.

The Ministry of Transport announced on Tuesday that it is planning to spend nearly 1 trillion yuan in fixed asset investment annually over the next 2 years.

The state investment will mainly focus on roads, airports and various basic infrastructure. It's expected that the move will stimulate sector growth and create more jobs.

He Jianzhong, Spokesperson of Ministry of Transport said "The earlier snowstorm, and the Sichuan earthquake have exposed the bottlenecks of the domestic road system. So road construction is one of the top priorities of our post-quake reconstruction work. Around 6 billion yuan will be invested in this area."

1   2    


Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Transportation Ministry to invest 5 trillion yuan
- Transportation seen as weak point for 2014 World Cup
- Datang to invest in No. 1 chip maker
- 'Speed of essence' for stimulus plan
Most popular >>
Chinese elements shine in Int'l Jewellery Fair
Curtain brought down on Beijing Fashion Week Curtain brought down on Beijing Fashion Week
World's longest legs
Next-generation Fighter Plane
Guangzhou Asian Games begins two-year countdown Guangzhou Asian Games begins two-year countdown
Recommended >>
Chinese elements shine in Int´l Jewellery Fair
EU repeals fruit and veg laws
The rise of the shop dummies
World's longest legs
Iran test-fires new missile

Product Directory
China Search
Country Search
Hot Buys