Global EditionASIA 中文双语Français
Home / Business / Macro

China approves fixed-asset investment projects worth $55.3 billion

Xinhua | Updated: 2019-04-20 17:19
The country's fixed-asset investment rose 6.3 percent year-on-year in Q1. [Photo/Xinhua]

BEIJING -- China's top economic planner approved 50 fixed-asset investment projects worth 370.3 billion yuan (about $55.3 billion) in the first quarter of 2019, official data showed.

These projects are mainly in the energy, transportation and high-tech industries, according to the National Development and Reform Commission (NDRC).

Among them, the Yongqing-Shanghai section of the China-Russia east-route natural gas pipeline project will play an important role in optimizing energy structure, improving gas supply along the route and helping the local economy and environment, according to NDRC spokesperson Yuan Da.

The country's fixed-asset investment rose 6.3 percent year-on-year in Q1, 0.2 percentage points faster than the first two months, according to the National Bureau of Statistics.

Fixed-asset investment includes capital spent on infrastructure, property, machinery and other physical assets.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349