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China approves 56 fixed-asset investment projects in Jan-April

Updated: May 19, 2023 Xinhua Print
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A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service]

BEIJING - China's top economic planner approved 56 fixed-asset investment (FAI) projects in the first four months of the year, with combined investment totaling 378.4 billion yuan ($54.25 billion), official data showed Wednesday.

The projects were mainly in the high-tech, energy and water conservancy industries, according to the National Development and Reform Commission.

In April alone, 14 FAI projects worth 98 billion yuan were approved, the data revealed.

Fixed-asset investment, one of the drivers of China's economy, went up 4.7 percent in the January to April period, according to data from the National Bureau of Statistics.

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