23 Chinese provinces have so far have announced their 2017 fixed asset investment (FAI) targets. Accordingly, taking into account the provinces that have not yet published their data, the total investment in fixed assets by Chinese provinces this year will be at least RMB 45 trillion ($6.54 trillion).
Apart from the provincial FAI targets, Zhao Chenxin, spokesman for China’s National Development and Reform Commission (NDRC), has stated that in January this year the NDRC approved 18 fixed asset investment projects, with a total investment of RMB 153.9 billion (US$22.38 billion). These projects are concentrated mainly in the the fields of water conservation, transportation and energy.