Caixin
Aug 17, 2018 07:47 PM
ECONOMY

Infrastructure Approvals Jump in July

Repair work is underway on the expressway in jinan, shandong province, July 02, 2018.
Repair work is underway on the expressway in jinan, shandong province, July 02, 2018.

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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