5 China approves 21 fi xed-asset investment projects

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5 China approves 21 fi xed-asset investment projects

Feb. 17, 2016 (China Daily) -- China's top economic planner approved 21 fi xed-asset investment projects with total investment reaching 54.1 billion yuan ($8.3 billion) in January, an official said on Wednesday. The projects covered water conservancy, transportation, technology and energy, said National Development and Reform Commission spokesperson Zhao Chenxin at a press conference. Those projects will help coordinate regional development as well as strengthen water conservancy and transportation infrastructure, and expand electricity network coverage, Zhao said. The annual growth of China's urban fi xedasset investment, once a key driver of the economy, continued to cool in 2015 to 10 percent year on year, down from 15.7 percent in 2014, according to the off i cial data.