China’s FAI in highways, waterways up by 3.8pc

BEIJING, Aug 25 (Xinhua): China's fixed-asset investment (FAI) in highways and waterways registered steady growth in the first seven months of this year, official data showed.

Total FAI in highways and waterways reached 1.21 trillion yuan (about 170.98 billion US dollars) during the January-July period, a year-on-year growth of 3.8 per cent, the Ministry of Transport (MOT) said in a report on its website.

Specifically, investment in highways expanded 4 per cent to reach 1.14 trillion yuan, while that of coastal construction recorded the fastest growth rate of 4.4 per cent to 29.29 billion yuan during the period, the MOT said.

The FAI growth rate registered in central regions hit 11.1 per cent year on year for the first seven months, which was much higher than that of western and eastern China.