Transport investment spikes as economy normalizes
China's fixed-asset investment in the transport sector rose by 10.5 percent year-on-year in the first eight months of the year as economic activities normalized amid effective epidemic control, according to the Ministry of Transport on Thursday.
In the January-August period, the total fixed-asset investment in the sector posted robust growth and registered nearly 2.13 trillion yuan ($311.6 billion), ministry spokesman Sun Wenjian said at a news conference.
The country's transport investment showed positive, double-digit growth for five consecutive months since April, with investment going up over 20 percent in May, June and July, he said.
As of the end of last month, the construction of 232 key transport projects worth over 10 billion yuan have all been restarted, he said, adding 13 of the 36 new projects have also kicked off construction, including the Beijing section of the Beijing-Xiongan Expressway.
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