CHINA China approves investment projects worth 69 bln USD in H1


China approves investment projects worth 69 bln USD in H1


13:08, July 16, 2019

BEIJING, July 16 (Xinhua) - China's top economic planner approved 94 fixed-asset investment (FAI) projects with combined investment totaling 471.5 billion yuan (about 69 billion US dollars) in the first half of the year, official data showed Tuesday.


File photo: VCG

The projects were mainly in energy, transportation and high-tech industries, according to Meng Wei, spokeswoman with the National Development and Reform Commission.

China's FAI remained basically stable in the first six months of the year thanks to robust high-tech investment.

The FAI grew 5.8 percent year on year in H1, 0.2 percentage points faster than the growth in the first five months, data showed on Monday.

Investment in high-tech manufacturing surged 10.4 percent, 4.6 percentage points faster than total investment growth, while investment in high-tech services also registered faster-than-average growth of 13.5 percent.

FAI includes capital spent on infrastructure, property, machinery and other physical assets.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue