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China approves 218 projects worth 1.8 trln yuan

The National Development and Reform Commission, has approved 218 fixed-asset projects worth 1.8 trillion yuan, or $285.3 billion, in the first nine months of this year. The approvals included infrastructure, energy and high-technology projects.

China has increased efforts to shore up its economy in recent months, ranging from fast-tracking infrastructure investments to cutting down-payments for some first-time home buyers, whilst pushing ahead with financial reforms.