The Central People's Government of the People's Republic of China

01/25/2023 | News release | Distributed by Public on 01/25/2023 02:17

China approves 109 fixed-asset investment projects in 2022

BEIJING, Jan. 25 -- China's top economic planner said it approved a total of 109 fixed-asset investment projects in 2022.

These projects, with a combined investment value of 1.48 trillion yuan (about 218.6 billion U.S. dollars), mainly cover areas including transportation, energy and water conservancy, the National Development and Reform Commission said.

Earlier data showed China's fixed-asset investment rose 5.1 percent year on year to over 57.21 trillion yuan in last year.

Investment in infrastructure and manufacturing climbed 9.4 percent and 9.1 percent from a year earlier in 2022, respectively, data showed.