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China approves US$11.2b in fixed-asset investment projects in July

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China's state planner said on Thursday it had approved 17 fixed-asset investment projects in July, worth a combined 77.69 billion yuan (S$15.5 billion).

[BEIJING] China's state planner said on Thursday it had approved 17 fixed-asset investment projects in July, worth a combined 77.69 billion yuan (S$15.5 billion).

The Chinese government is expediting plans to invest billions of dollars in infrastructure projects as its economy shows signs of cooling further, with investment growth slowing to a record low and consumers becoming more cautious.

REUTERS

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