Member ID:
Stay logged in for 30 days
Pls change your password according to new rules.

login CCFGroup App

Economy | Time: Jan 24 2022 2:37PM  Editor:CCFGroup
China's top economic planner approves 90 fixed-asset projects in 2021
Text size

BEIJING -- China's top economic planner approved a total of 90 fixed-asset investment projects last year, which helped boost growth.

The National Development and Reform Commission approved the projects worth 775.4 billion yuan ($122 billion) in investments last year, mainly in the transport, energy, water conservancy and informatization industries.

In December, the commission approved six fixed-asset investment projects totaling 18.5 billion yuan.

The latest data showed that China's fixed-asset investment went up 4.9 percent year-on-year to over 54.45 trillion yuan in 2021, or up 8 percent from the 2019 level.

The country has the potential and incentive to expand effective investment with strengthened fiscal and monetary support, said Ning Jizhe, deputy head of the commission.

Source: Xinhua

Related Articles
Economy likely to recover after April doldrums
China's economic slowdown is temporary, NBS says
More support for foreign firms coming
US inflation surges 8.3% in April, still near four-decade high
China Caixin services PMI drops to lowest since Mar 2020
Chinese firms enjoy over 1t yuan of tax policy support
China-EU trade rises 12.2% in Q1
China's logistics sector reports growth in first three months
China's industrial capacity utilization rate at 75.8 pct in Q1
China's trade with RCEP members sustains steady growth
Impacts of PSF futures on PSF industrial chain
Operations of China's textile and apparel mills in the ...
Annual report of leading polyester enterprises in 2021
Global organic cotton market analysis
Study on influencing factors of CPL-benzene price difference
China's PX PTA Market Operation in Expansion