BUSINESS China approves 109 fixed-asset investment projects in 2022

BUSINESS

China approves 109 fixed-asset investment projects in 2022

Xinhua

12:43, January 25, 2023

BEIJING, Jan. 25 (Xinhua) - China's top economic planner said it approved a total of 109 fixed-asset investment projects in 2022.

Aerial photo taken on Sept. 20, 2022 shows the construction site of an e-commerce logistics zone project in the Nanning International Railway Port in Nanning, capital of south China's Guangxi Zhuang Autonomous Region. (Photo: Xinhua)

These projects, with a combined investment value of 1.48 trillion yuan (about 218.6 billion U.S. dollars), mainly cover areas including transportation, energy and water conservancy, the National Development and Reform Commission said.

Earlier data showed China's fixed-asset investment rose 5.1 percent year on year to over 57.21 trillion yuan in last year.

Investment in infrastructure and manufacturing climbed 9.4 percent and 9.1 percent from a year earlier in 2022, respectively, data showed.

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