China’s road, waterway investment slowed in July, road passenger traffic fell over 25% on year
China’s road, waterway investment slowed in July, road passenger traffic fell over 25% on year

China’s road, waterway investment slowed in July, road passenger traffic fell over 25% on year

 

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China’s fixed-asset investment in road and waterway infrastructure reached 259.1 billion yuan in July, an increase of 7.5% from a year earlier, slowing significantly from the 16.3% growth in June, according to data released by the Ministry of Transport on Monday.

Of that, investment in road infrastructure grew by 6.8% to 245.2 billion yuan, decelerating from 16.2% gain in the previous month, showed the data.

Cargo throughput at China’s ports reached 1.34 billion tonnes in July, rising by 5.7% from a year earlier, and container throughput reached 26.36 million TEUs last month, growing 11.2% from a year ago, showed the data.

China’s waterway freight volume reached 738.99 million tonnes last month, rising 7.2% from a year earlier, and road freight volume reached 3.27 billion tonnes, down 3.8% from a year ago, showed the data.

China’s road passenger traffic reached 341.8 million persons in July, a drop of 25.3% from a year earlier, and road passenger turnover reached 25.2 billion passenger-kilometres, slumping 28.9% from a year ago, according to the ministry.

Road freight volume reached 3.27 billion tonnes, down 3.8% from a year earlier, while road cargo turnover reached 595.76 billion tonne-kilometres, up 1.7% on year, it said.

Passenger throughput at China’s ports reached 4.28 million persons in July, sliding 18.6% from a year ago, showed the data.