Trade Resources Industry Views Total Fixed Asset Investments in China Came to RMB 1.4274 Trillion

Total Fixed Asset Investments in China Came to RMB 1.4274 Trillion

In the first three quarters of the current year, total fixed asset investments in rail, road and water transport in China came to RMB 1.4274 trillion ($234.5 billion), up 8.4 percent year on year, as announced by China's Ministry of Transport.

Specifically, investment in railway construction in the given period amounted to RMB 369.7 billion ($60.7 billion), up 7.4 percent year on year, while investment in construction for roads and water transport reached RMB 939.7 billion ($154.4 billion) and RMB 104.7 billion ($17.2 billion), up 10.1 percent and 2.3 percent year on year, respectively.

In the first three quarters, China's shipments by rail, road and water transport totaled 32.38 billion mt, up by 9.8 percent year on year.

During the given period , the total cargo throughput of large and medium-sized ports in China increased by 10.3 percent year on year to 7.95 billion mt. In particular, the cargo throughput for foreign trade was up 9.9 percent year on year, and that for domestic trade was up 10.4 percent year on year.Meanwhile, in the first nine months, the coal throughput of large and medium-sized ports in China was up 9.7 percent compared to the same period in 2012 to 1.42 billion mt, while the metallic ore throughput of large and medium-sized ports was up 11 percent year on year to 1.11 billion mt.

Source: http://www.steelorbis.com/steel-news/latest-news/chinas-fixed-asset-investments-in-transport-up-84-in-jan_sept-790496.htm
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China's Fixed Asset Investments in Transport up 8.4% in Jan-Sept