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Wednesday, September 16, 2020, 23:11
China approves US$13b worth of fixed-asset investments
By Reuters
Wednesday, September 16, 2020, 23:11 By Reuters

Technicians check transformers at an electrical equipment company in Haian, Jiangsu province. (ZHAI HUIYONG / CHINA DAILY)

BEIJING - China’s state planner said on Wednesday it had approved six fixed-asset investment projects across the country worth a combined 88.2 billion yuan (US$13.03 billion) in August.

Meng Wei, a spokeswoman for the National Development and Reform Commission, disclosed the figures in a press briefing where she also gave some fixed asset investment data for the western region.

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Investment in the regions of Xinjiang and Tibet in particular grew 25.5 percent and 12.7 percent respectively over that period, said a spokeswoman

Fixed asset investment in China’s western region grew 2.1 percent in the first seven months of the year, she said, adding that local governments there should be strictly on guard against debt risks.

Investment in the regions of Xinjiang and Tibet in particular grew 25.5 percent and 12.7 percent respectively over that period, said the spokeswoman.

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That compared to a 1.6 percent decline in fixed asset investment nationwide in the first seven months of 2020.


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