In the first half of 2024, investment in China’s transport sector reached 1.7 trillion yuan (US$234.4 billion). In 2023, this amount was 3.9 trillion yuan (about US$548.7 billion), including 764.5 billion yuan (about US$108 billion) for railway infrastructure, up 7.5% compared with 2022.
In the first six months of 2024, China’s railway network handled 32.4 billion interregional trips and transported 8.6 billion tons of cargo, up 7.4% and 4.6%, respectively, compared with the same period last year. The country’s ports handled 160 million TEUs, up 8.5%, and the total volume of export and import cargo increased by 8.8%.
These figures highlight the dynamic growth of China’s transport sector, reflecting a significant increase in investment and growth in both passenger and freight transport, which is helping to strengthen the country’s economic development.