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China's top economic planner approves investment projects worth $194 billion in 2019

Updated: Jan 19,2020 05:36 PM    Xinhua

BEIJING — China's top economic planner said on Jan 19 that it has approved 157 fixed-asset investment (FAI) projects with combined investment totaling 1.33 trillion yuan (about $194 billion).

A large part of the investment has gone into transportation and energy projects, according to Meng Wei, a spokesperson with the National Development and Reform Commission.

Other projects that attracted the FAI included those from high-tech and water conservation sectors.

China's total FAI expanded steadily in 2019 with investment in high-tech industries leading the growth, official data showed Jan 17.

The country's total FAI increased 5.4 percent year-on-year, according to the National Bureau of Statistics. Investment in high-tech industries registered an outstanding growth of 17.3 percent year-on-year.

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