BEIJING – Provincial projects worth more than 1 trillion yuan ($149.25 billion) were launched this week as China strives to boost growth, Shanghai Securities News reported Friday.
The projects are mostly infrastructure-related, with the southwest province of Sichuan introducing nine highway projects worth 128.8 billion yuan.
The Inner Mongolia autonomous region in the north unveiled 366 projects worth 739.6 billion yuan, including infrastructure, industrial parks and city planning.
The projects were unveiled as the National Development and Reform Commission (NDRC), China’s top planner, urged faster approval procedures and vigorous implementation of projects under the country’s 13th Five-Year Plan.
China’s economy grew 6.7 percent in the second quarter of the year, the lowest quarterly growth since the global financial crisis in early 2009, but still within the government’s target range of 6.5-7 percent for 2016.
A slew of data released this month – from industrial output to retail sales – showed rebounding economic activity in August, boosted by government infrastructure spending and property sales.
Infrastructure investment is a key engine in China’s economy, contributing 29.4 percent to total investment growth in 2015.
Definition and examples
-Strives to boost growth ខិតខំដើម្បីជំរុញកំណើន
-Be mostly infrastructure-related ពាក់ព័ន្ធភាគច្រើនទៅនឹងហេដ្ឋារចនាសម្ព័ន្ធ
-Inner Mongolia autonomous region តំបន់ស្វយ័តម៉ុងហ្គោលី
-Vigorous implementation of projects ការអនុវត្តន៍គម្រោងខ្លាំងក្លា
-Global financial crisis វិបត្តិហិរញ្ញវត្ថុពិភពលោក
-Government’s target range គោលដៅរបស់រដ្ឋាភិបាល
-Rebounding economic activity សកម្មភាពសេដ្ឋកិច្ចដែលស្ទុះងើបឡើងវិញ
Prepared and Translated by Sin Sidara
ហាមយកព័ត៌មាន ឬ អត្ថបទ នៃគេហទំព័ររបស់យើង ទៅចុះផ្សាយបន្តដោយគ្មានការអនុញ្ញាត។ បើមិនដូច្នោះទេ យើងនឹងចាត់វិធានការទៅតាមផ្លូវច្បាប់ ! The news or texts of our website are not allowed to republish without permission, otherwise we will take legal action on !