China's first half fixed-asset investment projects rise 81% year-on-year to 472 billion yuan
Reuters
Published Jul 15, 2019 10:41PM ET
BEIJING (Reuters) - 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 ($68.60 billion), Meng Wei, spokeswoman at the state planner, told reporters on Tuesday.
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.
The NDRC did not give any figures for June this year.
According to Reuters calculations, 15 projects worth a total of 32.8 billion yuan were approved last month. That compares with 20 projects worth 51.6 billion yuan in May.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.