China’s NDRC: Policies to stabilize growth will take effect mostly in Q4

China's state planner, the National Development and Reform Commission (NDRC), announced on Wednesday that it approved 97 fixed-asset investment projects worth a total of 1.4 trillion yuan from January to October.

Additional takeaways

Approved 8 fixed-asset investment projects worth a total of 9 billion yuan in Oct.

Policies to stabilize growth will take effect mostly in Q4.

Will actively expand effective investment, speed up consumption recovery in key sectors.

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