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French.china.org.cn | Updated on 17-11-2018
China's main economic planner in October approved nine real estate investment projects with a combined value of 91.8 billion yuan (about $ 13.2 billion), according to recent data.
The projects are mainly in the transport and energy sectors, said Meng Wei, spokesperson for the National Commission for Development and Reform.
Investments in fixed capital, one of the major drivers of the national economy, recorded an accelerated 5.7% growth in January-October, compared with 5.4% between January and September, according to reports. data from the State Bureau of Statistics.
In particular, infrastructure investment increased by 3.7% in the first ten months, compared with an increase of 3.3% in the first nine months.
Fixed capital investments include capital invested in infrastructure, property, equipment and other physical assets.
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