Buoyant future for Yangtze shipping
A total of 43 billion yuan ($6.3 billion) will flow into upgrades to the Yangtze River in the next 11 years.
The money will pay for navigation improvements to the busiest waterway in China - work that will be completed by 2020, according to a news release from the river's administration.
The upgrades call for an extension to the river's deepwater navigation course, a widening of parts of the narrow channel in the middle reach and the purchase of maintenance facilities.
Unlike the ocean transportation industry, the inland shipping industry has not seen a slowing in volumes caused by the global economic downturn, said Wang Jianbin, a water transport official with the ministry.