Top economic planner approves investment projects worth 9.7 bln USD in August

Time:2019-09-19 09:50:58      Source: xinhuanet.com

China's top economic planner approved 9 fixed-asset investment (FAI) projects with combined investment totaling 68.9 billion yuan (about 9.7 billion U.S. dollars) in August, official data showed Wednesday.

The projects were mainly in water conservation and energy industries, according to Meng Wei, spokeswoman with the National Development and Reform Commission.

China's fixed-asset investment growth remained basically stable in the first eight months of the year, expanding 5.5 percent year on year thanks to robust high-tech investment, earlier data showed.

Investment in high-tech manufacturing surged 12 percent, while investment in high-tech services grew 14.9 percent, 7.6 percentage points faster than the average growth in the service industry.

Fixed-asset investment includes spending in infrastructure, property, machinery and other physical assets.

In the first eight months, China's infrastructure investment went up 4.2 percent year on year, quickening 0.4 percentage points from the growth seen in the January-July period.

Index RMB/t DoD Basis Date
Datong 5500 455 0 ex-mine 07-01
Shuozhou 5200 445 0 FOR 07-01
Ordos 5500 420 0 ex-mine 07-01
Yulin 6200 540 0 ex-mine 07-01
Liulin Low-sulphur 565 0 ex-mine 07-01
Gujiao Low-sulphur 1095 0 FOR 07-01
Xingtai Low-sulphur 1210 0 ex-Factory 07-01
Yangquan PCI 795 0 FOR 07-01
Index RMB/t WoW WoW% Date
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