China expects 2018 industrial output to grow, transport infrastructure to be similar
The nation’s industrial output is also expected to rise about 6.5 percent this year, which would be the first gain in the growth rate since 2010, the Ministry of Industry and Information Technology said in a statement on its microblog.
China will invest a similar amount next year on transportation infrastructure as it did in 2017, with projects to include 5,000 km of new expressways.
The planned investments, which also include renovation of 216,000 km of roads and increasing volumes at China’s container ports by more than 15 percent, were outlined at a Ministry of Transport conference, the People’s Daily newspaper reported.
The transport ministry also said at the conference it would look to speed up the construction of logistics hubs and inland waterways, build more roads to reach rural areas, and look to push ahead of schedule projects such as the integration of Beijing, Hebei and Tianjin by improving road and rail links. ■