SHANGHAI, Aug 26 (SMM) – China's fixed-asset investment (FAI) in transport sector grew 4.1% year on year in the first seven months of 2019, slower than an increase of 4.8% registered in January-June, showed data the Ministry of Transport released on its website on August 26.
About 1.64 trillion yuan was invested in railways, highways, shipping and civil aviation in January-July, with those in highways and waterways accounting for 1.21 trillion yuan.
Meanwhile, cargo freight rose 6.1% to 29.21 million mt, while passenger transport volume dipped 1.6% to 10.29 billion passenger trips.
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