Via Yahoo Finance

BEIJING (Reuters) – China’s top economic planner, the National Development and Reform Commission (NDRC), said it approved 54 fixed-asset investment projects worth 494.4 billion yuan (£56.2 billion) in the first half of 2020, with eight of them worth 11.4 billion yuan approved in June.

Some domestic industries have not returned to normal, while some companies are still struggling and employment pressure is huge, said an official at the NDRC addressing a press conference on Friday.

Consumer inflation is expected to ease in the second half, the official said.

(Reporting by Stella Qiu and Gabriel Crossley; Editing by Shri Navaratnam)

READ ALSO  Economic recovery slows down as new restrictions bite, data shows