China state planner says approved 8 fixed-asset investment projects worth 11.4bn yuan in June

And says approved 54 fixed-asset investment projects worth 494.4 bln yuan in H1

The National Development and Reform Commission of the People's Republic of China (NDRC) is the 'state planner'.

Also from the NDRC:

  • China's June power consumption +6.1% y/y

NDRC note that traditional sectors, with heavy reliance on power use, are slowing

  • compared with high-end equipment manufacturing becoming a new engine of growth.

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