me period. The value-added high-tech sector’s out
put rose by 7.8 percent, higher than the country’s value-added industrial output.
In the first quarter, the NDRC approved 50 fixed asset investment projects, mainly in th
e fields of energy, transportation and high-tech. The total investment hit 370.3 billion yuan ($55.3 billion).
The NDRC reportedly is considering a slew of new measure to boost spending on automob
iles, home appliances and consumer electronics products. People close to the NDRC said it has sent a draft plan to
encourage consumption in the three sectors, according to a report in the National Business Daily.
The news caused shares of home appliance companies traded in Shanghai and Shenzhen to increase
by 1.47 percent on Thursday, according to Shanghai-based information provider Wind Info.