2023-06-18 07:09:00
BEIJING, June 18 (Xinhua) — China’s top economic planner has approved 70 fixed asset investment (IAF) projects in the first five months of the year, with a combined investment total of 667, 2 billion yuan (regarding 93.59 billion dollars), according to official data.
The projects were mainly in the high-tech, energy and transportation industries, according to the National Development and Reform Commission.
In May alone, fourteen IAF projects worth 288.8 billion yuan were approved, the data showed.
Investments in fixed assets, one of the driving forces of China’s economy, rose 4 percent in the January-May period, according to data from the State Bureau of Statistics. END
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