BEIJING - China's economic planning agency approved 102 fixed-asset investment (FAI) projects with a combined investment totaling 260.3 billion yuan (about $39 billion) in the first half of 2018.
The projects were mainly in high-tech, social service programs and water conservation industries, Yan Pengcheng, spokesperson for the National Development and Reform Commission, told a press briefing on Tuesday.
Data on Monday showed China's FAI grew 6 percent year on year in the first half of this year, 1.5 percentage points lower than that of the first three months.
FAI in high-tech manufacturing displayed strong momentum by growing 13.1 percent year on year, outpacing the country's general FAI growth by 7.1 percentage points.
FAI includes capital spent on infrastructure, property, machinery, and other physical assets.
TEL
010-53692796
Email：zvca@zvca.org
Add：1-4, Ta Yuan Diplomatic Office Building, No. 14 Liang Ma He Nan Lu, Chaoyang District, Beijing 100600, P.R. China
PostCode：100600
Micro-Blog
Copyright ? 2012 China Zhongguancun Private Equity and Venture Capital Association All Rights Reserved. ICP:10025198
