China approves 189 fixed-asset investment projects in 2018

BEIJING - China's top economic planner approved 189 fixed-asset investment projects in 2018, official data showed Tuesday.

The projects were primarily in high-tech, energy, transportation and water conservancy sectors, Meng Wei, spokesperson of the National Development and Reform Commission, told a press conference.

China's fixed-asset investment grew 5.9 percent year-on-year in 2018, 0.5 percentage point faster than that recorded in the first three quarters, according to the National Bureau of Statistics (NBS).

The fixed-asset investment amounted to 63.56 trillion yuan ($9.38 trillion) last year, according to the NBS.

Fixed-asset investment includes capital spent on infrastructure, property, machinery and other physical assets.