China approves investment projects worth US$6.96bil in Q1


A worker welds wheels at a factory in Hangzhou in China's eastern Zhejiang province on April 16, 2021. - AFP

BEIJING, April 19 (Xinhua): China's top economic planner approved 16 fixed-asset investment (FAI) projects in the first quarter, with combined investment totaling 45.4 billion yuan (US$6.96 billion), official data showed Monday.

The projects were mainly in the transport, energy and high-tech industries, according to the National Development and Reform Commission.

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