China’s NDRC: China approves $11.2 billion in fixed-asset investment projects in July

China’s state planner, the National Reform and Development Commission (NDRC) said that it had approved 17 fixed-asset investment projects in July, worth a combined 77.69 billion Yuan ($11.24 billion) in a bid to expedite its plans to invest billions of dollars in infrastructure projects.

This comes after the country’s investment growth slowing to a record low, as reported by the National Bureau of Statistics (NBS) earlier this week.