China NDRC approves 16 fixed-asset investment projects worth $6.96 billion in Q1

20-Apr-2021 Intellasia | Reuters | 5:02 AM Print This Post

China’s state planner said on Monday that it approved 16 fixed-asset investment projects worth a total of 45.4 billion yuan ($6.96 billion) in the first quarter of this year.

The projects are mainly in the transportation, high technology and energy sectors, Meng Wei, a spokesperson for the National Development and Reform Commission (NDRC), told reporters at a regular briefing.

The NDRC also said that China’s power consumption surged 21.2 percent in the first quarter from a year earlier.

($1 = 6.5252 Chinese yuan renminbi)

https://www.reuters.com/world/asia-pacific/china-ndrc-approves-16-fixed-asset-investment-projects-worth-696 billion-q1-2021-04-19/

 

Category: China

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