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Govt OKs 11 fixed-asset investment projects worth $5.5b
Updated: Aug 17, 2020
By Ouyang Shijia
chinadaily.com.cn
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China's top economic regulator, the National Development and Reform Commission, said it approved 11 fixed-asset investment projects worth 38.2 billion yuan ($5.5 billion) in July, mainly in the transportation and high-tech sectors.
That compared with its June approval for 11.4 billion yuan worth of projects, Meng Wei, a spokeswoman for the NDRC, said during a press conference held in Beijing on Monday.
With the orderly resumption of work and production, China's economy was gradually returning back to normal, Meng added.
