Published: 13:43, January 25, 2023 | Updated: 14:10, January 25, 2023
Nod for China's 109 fixed-asset investment projects in 2022
By Xinhua

A train running along the Hangzhou-Shaoxing-Taizhou intercity high-speed railway departs from Taizhou Railway Station in Taizhou, Zhejiang province, on the official opening day of the rail line in January 2022. (PAN KANJUN / FOR CHINA DAILY)

BEIJING - China's top economic planner said it approved a total of 109 fixed-asset investment projects in 2022.

These projects, with a combined investment value of 1.48 trillion yuan ($218.6 billion), mainly cover areas including transportation, energy and water conservancy, the National Development and Reform Commission said.

Earlier data showed China's fixed-asset investment rose 5.1 percent year-on-year to over 57.21 trillion yuan in last year.

Investment in infrastructure and manufacturing climbed 9.4 percent and 9.1 percent from a year earlier in 2022, respectively, data showed.

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Investment in infrastructure and manufacturing climbed 9.4 percent and 9.1 percent from a year earlier in 2022, respectively, data showed

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

By the end of 2022, the bank's outstanding loans to the foreign trade industry was 2.87 trillion yuan, up 470 billion yuan from the beginning of the year.

The outstanding loans in 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-funded and state-owned policy bank supporting China's foreign trade, investment, and international economic cooperation.