Fixed asset investment scrutiny to be boosted

The central government is planning to issue documents aimed at supervising all phases of fixed asset investment projects by local governments.

The aim is to further contain risks from public-private-partnership projects and foster economic growth through high-quality investment projects, according to a senior official with the nation's top economic regulator.

Under the government plan, information on local government fixed asset investment will be collected and analyzed, with the main emphasis placed on regulating financing in each phase while implementing the projects, said an official with the National Development and Reform Commission.