Skip to Content Facebook Feature Image

China's fixed-asset investment in transport sector reaches around 1.65 tln yuan

China

China

China

China's fixed-asset investment in transport sector reaches around 1.65 tln yuan

2025-07-26 06:25 Last Updated At:07:47

China's fixed-asset investment in the transport sector remained at a high level in the first half of this year, reaching around 1.65 trillion yuan (about 230 billion U.S. dollars), facilitating passenger travels and cargo shipments, according to data released by the Ministry of Transport on Friday.

The massive investments, alongside the accelerated construction of multiple major transport infrastructure projects across China, have enabled the country to build a comprehensive, multidimensional transport network linking all of its major cities, promoting more efficient movement of people and goods.

During the first half of the year, cross-regional passenger trips in China reached 33.76 billion, up 4.2 percent year on year, reflecting a strong passenger travel demand. Freight volume also showed steady growth, with business-related freight volume reaching 28.03 billion tonnes from January to June, marking a 3.9 percent increase compared with the same period last year.

China's ports have been actively expanding their global shipping networks this year, contributing to steady growth in overall port throughput. In the first half of 2025, total cargo throughput at Chinese ports reached 8.9 billion tonnes, up 4 percent year on year. Container throughput climbed to 170 million twenty-foot equivalent units (TEUs), marking a 6.9 percent rise year over year, with domestic and foreign trade container volumes growing by 4 percent and 8.9 percent, respectively.

China's fixed-asset investment in transport sector reaches around 1.65 tln yuan

China's fixed-asset investment in transport sector reaches around 1.65 tln yuan

The multilateral system is "under attack" amid global turmoil, President of the 80th UN General Assembly Annalena Baerbock warned in her remarks on Wednesday.

In her briefing on the priorities for the resumed 80th Session of the General Assembly, the UNGA president noted that the current multilateral system does not collapse all in a sudden, but "crumbles piece by piece" in divisions, compromises, and lack of political commitment.

The president called all the UN member states to defend the UN Charter and international law and promote cross-regional cooperation.

She also urged to push forward the work of the UNGA on certain critical issues with a strong majority, rather than an absolute consensus among all member states. Such act is not a failure of multilateralism, but "an affirmation of it," she said.

The foundational principles of the institution should not be eroded by appeasement, she said, calling the member states to show courage, leadership, and responsibility at the UN's "critical make-or-break moment."

"The UN needs you. Your support, your leadership, your principle, stand, your cross-regional cooperation, if we are to preserve and modernize this institution, if we are to make it, rather than break it," she said.

UNGA President warns global multilateral system "under attack"

UNGA President warns global multilateral system "under attack"

Recommended Articles