Business / Economy

NDRC approves 218 fixed asset investment projects worth $285b

By Sun Chengdong ( Updated: 2015-10-15 13:50

During the first nine months of 2015, NDRC approved 218 fixed asset investment projects valued at 1.81 trillion yuan ($285.3 billion), said Li Pumin, chief secretary of National Development and Reform Commission (NDRC), at a news conference on Thursday.

Among these projects 53 were agricultural irrigation projects valued at 398.2 billion yuan; 84 transportation infrastructure projects valued at 990.6 billion yuan; 33 high tech projects valued at 20.8 billion yuan; 25 energy projects valued at 236.6 billion yuan; 23 public welfare projects valued at 166.9 billion yuan.

Those projects will provide new stimulants for economy and sustain economic growth in long term, said Li.

In order to facilitate country's urbanization effort, NDRC initiated series of medium- and small-cities pilot reform. Those trails aim to bring more urban population to medium- and small-cities and help labor intensive industries and public welfare projects migrate to those cities, said Li.

China will continue its effort to fight price monopoly, stabilize economy, push State-owned enterprises reform and improve investment environment, added Li .

Hot Topics

Editor's Picks