The National Development and Reform Commission, China’s top economic planner, said on Thursday that it approved 11 fixed-asset investment (FAI) projects in August.
The projects, with a combined investment value of 100.6 billion yuan (about 15.64 billion U.S. dollars), mainly cover areas including transport and power generation, the commission said.
Data released by the National Bureau of Statistics on Wednesday showed that China’s FAI went up 8.9 percent year on year in the first eight months of this year.
Compared with the 2019 level, the FAI growth came in at 8.2 percent for the period. The average January-August growth rate in the recent two years stood at 4 percent.