China's passenger, cargo transportation surges in April

BEIJING - China's transportation sector had stable performance in April, with passenger numbers and cargo volume both increasing from a year earlier, official data showed on Thursday.

The number of trips by rail, road and water reached 3.37 billion last month, up 5.1 percent from April 2013, said Li Yang, spokesman for the Ministry of Transport.

The volume of freight transported by train, road, and water hit 3.83 billion tons, up 7.4 percent year on year, Li said at a press conference.

Fixed-asset investment in the railway, highway and waterway sectors reached 150.1 billion yuan ($24.3 billion) in April, down 1.2 percent year on year, which was dragged down by waning railway investment. Fixed-asset investment in railways dropped 16.9 percent year on year to 36.5 billion yuan in April, Li added.

However, fixed-asset investment in the railway, highway and waterway sectors rose 6.6 percent from a year ago to 428.3 billion yuan in the first four months of 2014.

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