Welcome to english.eastday.com.Today is
Follow us @
Contribute to us!

Latest

Shanghai

Business

Culture

China

World

Pictures

Topics

Life

Services

Home >> auto >> Article
China's top economic planner approves investment projects worth $194b in 2019
From:ChinaDaily   |  2020-01-19 15:56

BEIJING - China's top economic planner said Sunday that it has approved 157 fixed-asset investment (FAI) projects with combined investment totaling 1.33 trillion yuan ($194 billion).

A large part of the investment has gone into transportation and energy projects, according to Meng Wei, a spokesperson with the National Development and Reform Commission.

Other projects that attracted the FAI included those from high-tech and water conservation sectors.

China's total FAI expanded steadily in 2019 with investment in high-tech industries leading the growth, official data showed Friday.

The country's total FAI increased 5.4 percent year-on-year, according to the National Bureau of Statistics. Investment in high-tech industries registered an outstanding growth of 17.3 percent year-on-year.

Share