China's fixed-asset transport investment hits 712.5b yuan in Q1

BEIJING - Fixed-asset investment in China's transport sector maintained a high scale in the first quarter (Q1) of 2024, an official with the Ministry of Transport said.

Total fixed-asset investment in the sector reached 712.5 billion yuan ($100.3 billion) during this period, according to the official.

Of the 102 key projects mapped out for China during the 14th Five-Year Plan (2021-2025) period, more than 260 transport-related projects are either underway or have been completed, involving total investment of 1.3 trillion yuan.

Fixed-asset investment in the transport sector has provided a strong guarantee for the country's economic recovery, the official stated.