Meng Wei, spokesperson for China’s National Development and Reform Commission (NDRC), has stated that in the January-May period the NDRC approved 70 fixed asset investment projects with an overall investment of RMB 667.2 billion ($93.3 billion), mainly covering the areas of high technology, energy and transportation.
In May alone, China approved 14 fixed asset investment projects with an overall investment of RMB 288.8 billion ($40.4 billion), mainly covering the fields of energy and transportation.