China approves projects worth over bln in April

Updated 2018-05-16 15:46:05 Xinhua

China's economic planning agency approved 15 fixed-asset investment (FAI) projects with combined investment totaling 51.7 billion yuan (about 8.1 billion U.S. dollars) in April.

The projects were mainly in social service programs and high-tech industries, Meng Wei, spokesperson for the National Development and Reform Commission, told a press briefing on Wednesday.

Data showed that China's FAI rose 7 percent in the first four months of the year, down from 7.5 percent for January-March and marking growth deceleration for two consecutive months.

Infrastructure investment increased 12.4 percent year on year for January-April, slightly down from 13 percent in the first three months.

The government attributed the slowdown to efforts to regulate the public-private partnerships (PPP) program and financing activities of local governments.

At a press conference on Tuesday, Liu Aihua, spokesperson for the National Bureau of Statistics, said infrastructure investment would maintain stable and sustainable growth in the long term as China remains the world's largest developing country and there has been huge potential in expanding infrastructure investment.

FAI includes capital spent on infrastructure, property, machinery, and other physical assets.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 17 2018 02:11:49

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 17 2018 02:11:49

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 17 2018 02:11:49

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords