China approves investment projects worth $11b in March

Time:2020-04-21 10:16:57      Source:Xinhuanet.com
China's top economic planner approved eight fixed-asset investment projects with combined investment totaling 77.3 billion yuan (about $11 billion) in March, official data showed.
 
The projects were mainly in energy and transportation industries, according to Yuan Da, spokesperson for the National Development and Reform Commission (NDRC).
 
Earlier data showed China's fixed-asset investment declined 16.1 percent year-on-year to 8.41 trillion yuan in the first quarter of 2020 as the novel coronavirus outbreak disrupted economic activities.
 
Fixed-asset investment includes spending in infrastructure, property, machinery and other physical assets.
 
Infrastructure construction has gathered pace across China as the government ramped up funding to spur investment in the sector following basic containment of the epidemic.
Index RMB/t DoD Basis Date
Datong 5500 ex-mine 07-01
Shuozhou 5200 FOR 07-01
Ordos 5500 ex-mine 07-01
Yulin 6200 ex-mine 07-01
Liulin Low-sulphur ex-mine 07-01
Gujiao Low-sulphur FOR 07-01
Xingtai Low-sulphur ex-Factory 07-01
Yangquan PCI FOR 07-01
Index RMB/t WoW WoW% Date
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