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Nation approves fixed-asset projects

China's top economic regulator approved 16 fixed-asset investment projects with total investment reaching 66.6 billion yuan ($10 billion) in October. The projects were mainly in the energy, transportation and high-tech industries, according to Meng Wei, spokesperson for the National Development and Reform Commission (NDRC). They included a high-efficiency, low-carbon gas turbine testing apparatus project, Meng said. This project will play a significant role in supporting the country's independent development of the aviation, electricity and shipping sectors, Meng added.

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