Global EditionASIA 中文双语Français
Home / Business / Macro

China's top economic planner approves investment projects worth $194b in 2019

Xinhua | Updated: 2020-01-19 15:56
Builders work at a property construction site in Huai'an, Jiangsu province. [Photo by Zhou Changguo/For China Daily]

BEIJING - China's top economic planner said Sunday that it has approved 157 fixed-asset investment (FAI) projects with combined investment totaling 1.33 trillion yuan ($194 billion).

A large part of the investment has gone into transportation and energy projects, according to Meng Wei, a spokesperson with the National Development and Reform Commission.

Other projects that attracted the FAI included those from high-tech and water conservation sectors.

China's total FAI expanded steadily in 2019 with investment in high-tech industries leading the growth, official data showed Friday.

The country's total FAI increased 5.4 percent year-on-year, according to the National Bureau of Statistics. Investment in high-tech industries registered an outstanding growth of 17.3 percent year-on-year.

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