Off the wire
• Chinese Olympic Committee sets up expert committee including top coaches  • Roundup: S. Korea freezes interest rates at record low despite positive signals  • S.Korean central bank raises 2017 growth outlook to 2.6 pct  • Argentina revamps rail transport with China's help  • 1st LD-Writethru: China's Q1 trade surplus shrinks 35.7 pct  • Tokyo stocks drop in morning as Trump's remarks send yen higher  • New Aussie technology set to be "game-changer" for vital renewable oils: scientists  • Australian state to offer drivers free tea, coffee during Easter holidays to combat fatigue  • Flamengo beat Atletico Paranaense to go top of Copa Libertadores group  • China central bank resumes cash injections into money market  
You are here: 　 Home

China approves projects worth 35 bln USD in Q1: economic planner

Xinhua, April 13, 2017 Adjust font size:

China's top economic planner said Thursday that it had approved 56 fixed-asset investment projects with total investment reaching 240.9 billion yuan (about 35.04 billion U.S. dollars) in the first three months of this year.

"The projects mainly covered water conservation, energy and transportation sectors," said Yan Pengcheng, spokesperson with the National Development and Reform Commission (NDRC).

Water conservation projects took the largest share of the investment, with 99.8 billion yuan going to nine projects, including a flood control project on the Chaohu Lake, the country's fifth largest fresh water lake.

"The NDRC has put more focus on fields such as poverty reduction, agriculture, water conservation and innovation to improve the foundation of sustained economic development," Yan said.

China's fixed-asset investment grew 8.9 percent year on year to 4.1378 trillion yuan in the first two months the year, up from 8.1 percent in 2016, according to the National Bureau of Statistics. Endi