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China approves 11 fixed-asset investment projects worth $5.5 billion in July

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BEIJING (Reuters) - China's top economic planner, the National Development and Reform Commission (NDRC), said it approved 11 fixed-asset investment projects worth 38.2 billion yuan ($5.50 billion) in July.

The record high power output and consumption in August was related to hot weather, which leads to more power usage and also reflects a recovering economy, Meng Wei, spokeswoman with the NDRC told a news briefing on Monday.

(Reporting by Lusha Zhang and Tony Munroe; Editing by Jacqueline Wong)

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