china: China's investment in infrastructure and basic industries has kept growing over the past years, according to Global Times China. Investment in the transportation industry grew at an average annual rate of 16.7 percent from 1996 to 2018, according to the report. Analysts say that fixed investment is the basis for development and the high growth rate shows China's sound foundation and huge potential for economic growth and sustainability, as the figure provides important clues as to the economy's capacity to produce more goods and services. China's infrastructure grew out of nothing from 70 years ago, and now leads the world in infrastructure investment, with the nickname 'infrastructure maniac,' Zhao Xijun, vice director of the School of Finance at Renmin University told the Global Times on Tuesday. In terms of information transmission, the total length of optical cable lines in China ranked first in the world by the end of 2018, which shows the outstanding effect of investment in the information industry, according to the report. China has formed a comprehensive transportation network including railways, roads, water transport and air transport.
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