25 August 2019

Road investment up 95% at 151.2 bln yuan in Jan-Feb, paper says

China’s fixed asset investment in roads in the first two months of 2014 surged 95 percent to 151.2 billion yuan (US$24.47 billion) from a year earlier, the Economic Information Daily reported Tuesday, citing data from the Ministry of Transport. Investment in January grew 27 percent to 50.8 billion yuan, while that for February was up 164 percent at 100.4 billion. However, there is growing concern that toll road operation has incurred an outstanding debt balance of 2.31 trillion yuan, the report said.

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