As part of its stimulus package China is planning to invest in basic infrastructure to stimulate growth in the country's transportation sector.
The Ministry of Transport announced on Tuesday that it is planning to spend nearly 1 trillion yuan in fixed asset investment annually over the next 2 years.
The state investment will mainly focus on roads, airports and various basic infrastructure. It's expected that the move will stimulate sector growth and create more jobs.
He Jianzhong, Spokesperson of Ministry of Transport said "The earlier snowstorm, and the Sichuan earthquake have exposed the bottlenecks of the domestic road system. So road construction is one of the top priorities of our post-quake reconstruction work. Around 6 billion yuan will be invested in this area."
