'China approves $113 bn for infra projects'
The projects included 16 railways and five airports, with the aim of propping up a decline in real estate investment
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China approved more than $100 billion worth of infrastructure projects in late October and early November, state media said on Saturday, in a bid to bolster slowing growth in the world's second largest economy.
China's top economic planning body, the National Development and Reform Commission (NDRC), approved 21 infrastructure investment projects between October 16 and November 5 with a total investment value of 693.3 billion yuan ($113.24 billion), the official Xinhua news agency said on Saturday, citing state radio.
The projects included 16 railways and five airports, with the aim of propping up a decline in real estate investment, Xinhua said.
China's top economic planning body, the National Development and Reform Commission (NDRC), approved 21 infrastructure investment projects between October 16 and November 5 with a total investment value of 693.3 billion yuan ($113.24 billion), the official Xinhua news agency said on Saturday, citing state radio.
The projects included 16 railways and five airports, with the aim of propping up a decline in real estate investment, Xinhua said.
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First Published: Nov 08 2014 | 9:13 PM IST