USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Macro

China approves projects worth $20b in April: Economic planner

Xinhua | Updated: 2017-05-19 09:35

BEIJING - The top economic planner said Thursday that it had approved 12 fixed-asset investment projects with total investment reaching 141.6 billion yuan ($20.56 billion) in April.

The projects were mainly in the areas of energy, water conservation and transportation, according to Meng Wei, spokesperson with the National Development and Reform Commission (NDRC).

Of the 12 projects, five were related to energy, according to Meng, who pointed to one project on the east route of the of China-Russia natural gas pipeline as an example.

The pipeline project, which commenced in 2014, will diversify China's natural gas imports and ensure a steady natural gas supply domestically, said Meng.

Under a 30-year contract, the east route pipeline will export 38 billion cubic meters of natural gas from Russia to China annually from 2018.

China's investment in fixed assets rose 8.9 percent year on year in the first four months of 2017, down from 9.2 percent in the first quarter, data from the National Bureau of Statistics showed.

Most Viewed in 24 Hours
BACK TO THE TOP
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
FOLLOW US