BEIJING – China’s top economic planner said Sunday that it has approved 157 fixed-asset investment (FAI) projects with combined investment totaling 1.33 trillion yuan ($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 Friday.
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.