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China's roads, waterways investment increases in first 10 months

| December 10, 2023

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This aerial photo taken on June 27, 2023 shows roads in Panguan Township, Panzhou City, southwest China's Guizhou Province. In recent years, Guizhou Province has continued to promote the construction of rural roads, boosting local economy. (Xinhua/Tao Liang)

Fixed-asset investment (FAI) in China's road and waterway transport networks expanded in the first 10 months of this year, official data showed.

The combined FAI in roads and waterways stood at 2.57 trillion yuan (about 361.35 billion U.S. dollars), up 4.1 percent year on year, according to the Ministry of Transport.

In breakdown, FAI in roads went up 2.9 percent year on year to 2.4 trillion yuan, while that in waterways jumped 25.8 percent compared with one year earlier to 163.12 billion yuan.

In the January-October period, southwest China's Xizang Autonomous Region led the expansion of road FAI among provincial-level regions with year-on-year growth of 76.4 percent. Waterway FAI rose the most in northeast China's Liaoning Province, reaching 347.7 percent.