China’s road and waterway investment down nearly 10pc to US$21.1 billion
|September 2, 2012||Posted by Ocean Shipping Communication China under Road News||
CHINA recorded year-on-year fall again after June of 0.9 per cent in the investment on road and waterway fixed assets, to CNY134.2 billion (US$21.1 billion) in July.
Investment on road facilities increased 0.7 per cent to CNY119.5 billion. Investment growth was 0.3 per cent faster than in June.
Investment in east China increased 17.6 per cent to CNY53.4 billion. Central China’s investment dropped 21 per cent to CNY29.9 billion. Western region’s amounted to CNY50.9 billion, down 2.4 per cent.
From January to July, the investment totalled to CNY683.2 billion, down 5.2 per cent year on year. The growth was 20.7 per cent slower than one year ago.
Investment on road facilities declined 6.2 per cent to CNY592.8 billion. River transportation facility investment grew 20.8 per cent to CNY25.1 billion. Sea transportation facility facilities climbed 0.7 per cent to CNY53.3 billion.
In the seven months, investment in the east fled 3.8 per cent to CNY248.1 billion. Central region’s declined 14.3 per cent to CNY152 billion. Western region’s went 0.8 per cent down to CNY283.1 billion.