China’s waterway investment surges in early months

China’s waterway network posted a significant 17 per cent year-on-year increase in fixed-asset investment (FAI) in the first two months of this year, as per official data cited by Xinhua on Thursday.

The China’s Ministry of Transport reported that the investment during this period had amounted to 27.33 billion yuan (approximately $3.85 billion).

Leading the surge in waterway FAI among provincial-level regions was Southwest China’s Yunnan Province, which recorded a remarkable year-on-year growth of 277.7 per cent.

This was closely followed by Tianjin Municipality in north China, which posted a yearly increase of 105.4 per cent.

However, the data also highlighted a 6.4 per cent decline in FAI in the country’s road network, which totalled 273.57 billion yuan in the January-February period, compared to the same period last year.

This contrasting trend underscores the shifting focus of infrastructure investment in the country.