China has approved a list of investment projects worth a total of 200 billion yuan ($28 billion) planned for next year, a spokesman for China’s State Committee for Development and Reform told Xinhua news agency.
He said there are 647 projects on the list, which covers such areas as construction of urban underground pipelines, programs to support the needy through employment, strengthening emergency water reservoirs, environmental protection and restoration, transportation infrastructure, key public infrastructure including educational, medical and cultural institutions, and key agricultural storage facilities.
The department intends to promote the launch and implementation of the projects as soon as possible and make efforts to make practical progress in their implementation as early as this year, so as to provide strong support for economic growth in the fourth quarter.
In addition, a representative of the state committee noted that there is a strong enough foundation to achieve the country’s 2024 economic growth targets of about 5%.
As reported, China’s GDP grew by 4.8% in January-September. Last year, the economy grew by 5.2%.
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