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China greenlights 15 fixed-asset investment projects in Oct.

Xinhua, November 11, 2016 Adjust font size:

China's top economic planner approved 15 fixed-asset investment projects with total investment reaching 218.8 billion yuan (32.2 billion U.S. dollars) in October, official data showed Friday.

The projects covered transportation, high tech and energy, said Li Pumin, secretary general of the National Development and Reform Commission (NDRC), during a press conference.

The projects will help regional economic growth, upgrade industrial structure and ensure energy security, said Li.

China's fixed-asset investment in the first nine months grew 8.2 percent year on year, slightly up from the 8.1 percent registered during the January-August period, according to data released by the National Bureau of Statistics (NBS).

The investment structure was improved with more money spent on high-tech and service sectors, while less money went into industries with high energy consumption or excessive capacity, according to the NBS. Endi