On uptrend: Shipping containers next to gantry cranes at the Yangshan Deepwater Port in Shanghai. China’s port’s cargo throughput has achieved positive growth for 10 consecutive months since April. — Bloomberg
BEIJING: Although passenger trips dropped in January amid effective measures to contain Covid-19, China’s transport sector has seen a good start to the year, with a huge growth in investment and freight volume compared with last year, posting double-digit growth over 2019, the Ministry of Transport said.
In January, the country invested 191 billion yuan (US$29.5bil) in fixed assets in the transport sector, a rise of 42.1% compared with last year, and an increase of 13.8% compared with 2019, said Sun Wenjian, spokesman for the Ministry of Transport.
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