China NDRC approves 16 fixed-asset investment projects worth $6.96 billion in first quarter

April 18, 2021 10:39 PM EDT

FILE PHOTO: A general view shows traffic during evening rush hour at the central business district (CBD) in Beijing, China, January 15, 2021. Picture taken January 15, 2021. REUTERS/Tingshu Wang


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BEIJING (Reuters) - China's state planner said on Monday that it approved 16 fixed-asset investment projects worth a total of 45.4 billion yuan ($6.96 billion) in the first quarter of this year.

The projects are mainly in the transportation, high technology and energy sectors, Meng Wei, a spokesperson for the National Development and Reform Commission (NDRC), told reporters at a regular briefing.

The NDRC also said that China's power consumption surged 21.2% in the first quarter from a year earlier.

($1 = 6.5252 Chinese yuan renminbi)

(Reporting by Liangping Gao and Ryan Woo; Editing by Christopher Cushing)



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