China approves $6.9 billion in fixed asset investment projects in October

BEIJING (Reuters) – China’s state planner said on Thursday it approved nine fixed asset investment projects worth 91.8 billion yuan ($13.22 billion) in October.

Facing the weakest economic growth since the global financial crisis, Chinese policymakers are fast-tracking big infrastructure projects, pushing banks to increase lending, and cutting taxes to ease strains on businesses.

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