China approves investment projects worth $13b in August

China's top economic planner approved six fixed-asset investment projects with combined investment totaling 88.2 billion yuan (about $13 billion) in August, official data showed.

The projects were mainly in the transportation and information industries, according to Meng Wei, spokesperson for the National Development and Reform Commission.

Earlier data showed China's fixed-asset investment edged down 0.3 percent year-on-year during the January-August period, with the decline narrowing from the 1.6-percent fall in the first seven months.

Fixed-asset investment includes spending in infrastructure, property, machinery and other physical assets.