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China approves 109 fixed-asset investment projects in 2022

Xinhua | Updated: 2023-01-26 00:02

An employee works at a plant in Xiaoshan district of Hangzhou, Zhejiang province, on June 27. [Photo/Xinhua]

BEIJING - China's top economic planner said it approved a total of 109 fixed-asset investment projects in 2022.

These projects, with a combined investment value of 1.48 trillion yuan ($218.6 billion), mainly cover areas including transportation, energy and water conservancy, the National Development and Reform Commission said.

Earlier data showed China's fixed-asset investment rose 5.1 percent year-on-year to over 57.21 trillion yuan in last year.

Investment in infrastructure and manufacturing climbed 9.4 percent and 9.1 percent from a year earlier in 2022, respectively, data showed.

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