China NDRC approves 16 fixed-asset investment projects worth $6.96bln in Q1

The projects are mainly in the transportation, high technology and energy sectors

  
Image used for illustrative purpose. Commuter traffic flows from a skyline of apartment buildings on June 30, 2015 in Chengdu, China. First inhabited more than 4 thousand years ago, Chengdu now has more than 14 million people living in its metropolitan area. It is China's 5th most populous city and the provincial capital of Sichuan Province in southwest China.

Image used for illustrative purpose. Commuter traffic flows from a skyline of apartment buildings on June 30, 2015 in Chengdu, China. First inhabited more than 4 thousand years ago, Chengdu now has more than 14 million people living in its metropolitan area. It is China's 5th most populous city and the provincial capital of Sichuan Province in southwest China.

Getty Images/John Moore

BEIJING - 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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