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16.07.2019, 06:39

China's first-half fixed-asset investment projects rise 81% y/y - NDRC

China's fixed-asset investment project approval in the first six months increased 81% by value compared with a year earlier as Beijing ramped up infrastructure spending to help support a slowing economy.

The National Development and Reform Commission (NDRC) approved 94 fixed-asset investment projects in January-June worth a total of 471.5 billion yuan, Meng Wei, spokeswoman at the state planner, told.

That was an increase of 211.2 billion yuan of projects approved compared with the first six months of 2018, when 102 projects worth 260.3 billion yuan were approved.

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