China planner approved 91 fixed-asset investment projects worth total of CNY 700bn in H1 | Forexlive

Statement from an official of the National Development and Reform Commission of the People’s Republic of China (NDRC),m the ‘state planner’:

• approved 91 fixed-asset investment projects worth total of CNY 700bn in H1
• persistent economic recovery faces risks and challenges, including insufficient demand, sluggish momentum and weak confidence e

• Purchasing power and expectations of consumption still weak,
  infrastructure and consumption environment should be improved

• Will stabilise jobs,
  in particular, improve youth employment, and boost income

• There is space for further improvement in the infrastructure and consumption environment

• China will draft policies to stimulate consumption and make great efforts to stabilize major purchases such as automobiles and electronics