NDRC nod for 96 FAIs valued at US$69b
Print Edition
CHINA’S top economic planner approved 96 fixed-asset investment projects valued at 461.6 billion yuan (US$69 billion) in the first six months of 2016, an official said yesterday.
In June, the National Development and Reform Commission approved 23 projects involving 151.1 billion yuan, which cover transport, high technology and water conservation, said spokesman Zhao Chenxin at a press conference.
China’s fixed-asset investment grew 9.6 percent year on year in the first five months, 0.9 percentage points lower than that recorded in the first four months of 2016, according to data released by the National Bureau of Statistics.
The investment structure has improved with more money spent in the high-tech and service sectors, while less money went into industries with high energy consumption or excessive capacity, according to the bureau.
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