China approves 109 fixed-asset investment projects in 2022

A train running along the Hangzhou-Shaoxing -- Taizhou intercity high-speed railway line leaves Taizhou Railway Station in Taizhou, Zhejiang province on the official opening day of the railway line in January 2022. PAN KANJUN BEIJING - China's top economic planner said it approved a total of 109 fixed-asset investment projects in 2022.

The National Development and Reform Commission said that these projects have a combined investment value of 1.48 trillion yuan $218.6 billion and cover areas such as transportation, energy and water conservancy.

China's fixed-asset investment rose by 5.1 percent year-on-year to over 57.21 trillion yuan last year, according to earlier data.

The data showed that investment in infrastructure and manufacturing increased 9.4 percent and 9.1 percent from a year earlier in the year 2022, respectively.

The Export-Import Bank of China China EximBank said it provided greater credit support to shore up the foreign trade industry in 2022.

The outstanding loans in the yuan and other currencies of the lender topped 5 trillion yuan as of the end of last year, up over 12 percent from the beginning of 2022.

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The China Eximbank is a state-owned policy bank that supports China's foreign trade, investment, and international economic cooperation.