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Big surge in fixed-asset investment projects

By Ouyang Shijia | chinadaily.com.cn | Updated: 2020-09-16 13:43

Aerial photo shows the South main tower (left) of Quanzhou Bay cross-sea bridge of the Fuzhou-Xiamen high-speed railway in Southeast China's Fujian province, on Sept 15, 2020.[Photo/Xinhua]

China's top economic regulator, the National Development and Reform Commission, said it approved six fixed-asset investment projects worth 88.2 billion yuan ($13 billion) in August, mainly in the transportation and informatization fields.

That compared with its July approval for 38.2 billion yuan worth of projects, Meng Wei, a spokeswoman for the NDRC, told reporters in a briefing in Beijing on Wednesday.

In the next step, the country will continue to expand effective investment on new infrastructures and new-type urbanization and key projects for national development and further encourage private sector participation in investment projects, Meng added.

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