China investment approvals, power use up in Q1


BEIJING: China’s top economic planner approved 16 fixed-asset investment (FAI) projects in the first quarter, with combined investment totaling 45.4 billion yuan (about US$6.96bil or RM28.5bil), official data showed yesterday.

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

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