China increases investment in road, waterway infrastructure in Q1

China’s investment in road and waterway infrastructure rose in the first quarter of the year (Q1), data from the Ministry of Transport shows.

China’s waterway passenger volume saw a year-on-year decline in the first quarter of 2022, official data shows.

The country’s waterway transport network handled 26.47 million passenger trips during the period, down 20.6 percent year on year, according to the Ministry of Transport.

Northwest China’s Gansu Province saw the sharpest year-on-year slump of 74.7 percent, followed by the provinces of Shanxi and Anhui.

Bucking the downward trend, Hainan Province registered a 77.2 percent year-on-year surge in the period.

In March, 6.67 million waterway passenger trips were made in China.

Fixed-asset investment in road and waterway infrastructure jumped 11.4 percent year on year to 512 billion yuan (78.88 billion U.S. dollars) during the period, according to the ministry.

Northwest China’s Ningxia Hui Autonomous Region reported the fastest growth in this regard, with investment surging 135 percent from the previous year.

Northeast China’s Liaoning Province saw the sharpest decline during the January-March period, with investment plunging 95.8 percent year on year, the data shows.