China approves over 400 bn yuan worth of fixed asset investment projects in H1

By: |
Beijing | Published: July 18, 2017 8:34:22 AM

China's National Development and Reform Commission, the country's top economic planner, said on Tuesday it approved 463.8 billion yuan ($68.58 billion) worth of fixed-asset investment projects in the first half of 2017.

china, china economy, china news, china latest news, china investmentIn June alone, it approved projects worth 29.6 billion yuan, a commission spokesman said in a regular briefing in Beijing. (Reuters)

China’s National Development and Reform Commission, the country’s top economic planner, said on Tuesday it approved 463.8 billion yuan ($68.58 billion) worth of fixed-asset investment projects in the first half of 2017. In June alone, it approved projects worth 29.6 billion yuan, a commission spokesman said in a regular briefing in Beijing. In the first half of last year, China approved projects worth 461.6 billion yuan.

China’s economy grew a better-than-expected 6.9 percent in the second quarter from a year earlier, the National Bureau of Statistics said on Monday, leaving headroom for policymakers to home in on goals to defuse financial risks.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition