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Economy

China approves investment projects worth over 2 bln USD in September

October 26, 2020


Abstract : China's top economic planner approved eight fixed-asset investment projects with their combined investment totaling 17.2 billion yuan (about 2.58 billion U.S. dollars) in September.

BEIJING, Oct. 24 (Xinhua) -- China's top economic planner approved eight fixed-asset investment projects with their combined investment totaling 17.2 billion yuan (about 2.58 billion U.S. dollars) in September.

The projects were mainly in the transportation and energy sectors, according to Meng Wei, spokesperson for the National Development and Reform Commission.

Earlier data showed China's fixed-asset investment went up 0.8 percent year on year in the first three quarters of 2020.

The fixed-asset investment includes spending on infrastructure, property, machinery and other physical assets. Enditem

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Keyword: projects

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