Homepage |
首页 新闻动态 法律服务 数据服务 项目服务 投资环境 投资服务机构 经济开发区
Macro-Economy | Business Economy | Industrial Economy | Regional Economy

Home >News >Full article
China approves projects worth $10b in October
2017/11/22 20:03:31 Source:Xinhua

BEIJING — China’s top economic planner approved 16 fixed-asset investment projects with total investment reaching 66.6 billion yuan ($10 billion) in October. The projects were mainly in the energy, transportation and high tech industries, according to Meng Wei, spokesperson with the National Development and Reform Commission (NDRC).

They included a high-efficiency, low-carbon gas turbine testing apparatus project, Meng said.

This project will play a significant role in supporting the country’s independent development of the aviation, electricity and shipping sectors, he added.

Fixed-asset investment is an important driver of economic growth for China, though the country is trying to shift to momentum that relies more on consumption.

Fixed-asset investment grew 7.3 percent year-on-year in the first 10 months of this year, down from 7.5 percent for the January-September period, data from the National Bureau of Statistics showed.

Print Collection Close
 Related News More>>
 Site Map | About Us | Services | Links | Statement

Ministry of Commerce of the People's Republic of China Department of Foreign Investment Administration

Operated by Investment Promotion Agency of MOFCOM

Tel:  (86-10) 64404554

Copyright by Invest in China

Fax: (86-10) 64515317

ICP Record No.: Beijing ICP 06041048-4 E-mail: service@fdi.gov.cn