Home Asia News China approves US$13b value of fixed-asset investments | Enterprise-Autopresse.eu

China approves US$13b value of fixed-asset investments | Enterprise-Autopresse.eu

China approves US$13b value of fixed-asset investments | Enterprise-Autopresse.eu

China approves US$13b value of fixed-asset investments | Enterprise

2020-09-16 15:48:53

Wednesday, September 16, 2020, 23:11

PDF View

Revert

PDF View

China approves US$13b value of fixed-asset investments

By Autopresse.eu

Wednesday, September 16, 2020, 23:11
By Autopresse.eu

Technicians verify transformers at {an electrical} gear firm in Haian, Jiangsu province. (ZHAI HUIYONG / CHINA DAILY)

BEIJING – China’s state planner mentioned on Wednesday it had accredited six fixed-asset funding tasks throughout the nation value a mixed 88.2 billion yuan (US$13.03 billion) in August.

Meng Wei, a spokeswoman for the Nationwide Improvement and Reform Fee, disclosed the figures in a press briefing the place she additionally gave some mounted asset funding information for the western area.

ALSO READ: Knowledge factors to stronger restoration

Investment within the areas of Xinjiang and Tibet specifically grew 25.5 % and 12.7 % respectively over that interval, mentioned a spokeswoman

Mounted asset funding in China’s western area grew 2.1 % within the first seven months of the yr, she mentioned, including that native governments there must be strictly on guard towards debt dangers.

Funding within the areas of Xinjiang and Tibet specifically grew 25.5 % and 12.7 % respectively over that interval, mentioned the spokeswoman.

READ MORE: China’s retail gross sales document first growth

That in comparison with a 1.6 % decline in mounted asset funding nationwide within the first seven months of 2020.

Leave a Reply

Your email address will not be published.