Infrastructure Approvals Jump in July
The government is following through on its pledge to prop up China’s cooling economy by approving a slew of new infrastructure projects after several months of slowing investment.
The National Development and Reform Commission (NDRC), China’s state economic planner, in July approved 17 fixed-asset investment projects, which includes construction, machinery and equipment, with a combined value of 77.69 billion ($11.27 billion), it said on its website (link in Chinese). It did not give a specific list of projects that had been approved, but said they included the energy, transportation and water conservation sectors.
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