China's transport industry remains stable in August

0 Comment(s)Print E-mail Xinhua, October 5, 2019
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The completed fixed-asset investment in China's transport industry reached 1.93 trillion yuan (about US$270 billion) over the first eight months, up 2.5 percent year on year, official statistics showed.

Of the total, 1.42 trillion yuan went to roads and waterways, up 3.7 percent from the same period of last year, according to statistics from the Ministry of Transport.

In general, the country's transport industry remained stable, with fixed-asset investment remaining high in August, said a report of the ministry.

In 36 key cities monitored by the ministry, passenger volume handled by public transport rose by 3.3 percent to 44.38 billion people from January to August. Rail transit posted a year-on-year rise of 13.2 percent with a passenger volume of 15.22 billion people over the same period.

Commercial freight volume jumped by 6 percent to 33.96 billion tonnes from January to August. In August, the number rose by 5.4 percent to 4.75 billion tonnes.

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