(MENAFN)Official statistics revealed on Tuesday, May 18, China's top financial schemer accepted 12 fixed-asset investment (FAI) schemes in April, with joint investment reaching 87.3 billion yuan (about USD13.56 billion).
According to the National Development and Reform Commission, the schemes were mostly in the transport and informatization sectors.
China's FAI augmented 19.9 percent year on year to 14.38 trillion yuan in the first four months of this year, with continued developments in investment structure, according to the National Bureau of Statistics.
The double-digit development was driven by a low relative base early in 2020, when coronavirus paralyzed financial activities in China. Compared with the 2019 level, FAI expansion hit 8 percent during the January-April period.
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