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China has approved urban rail projects worth 298.35 billion yuan (.3 billion) for Shanghai, the National Development and Reform Commission said in a statement on Wednesday.
China has made a lot of progress in terms of people's life quality since the 18th National Congress of the Communist Party of China held in 2012, NBS data showed.
China has followed a development path similar to that of Japan and South Korea. For all three, exports and imports played a key role during their early, fast-growth periods. Exports were a critical source of demand for their newly developing industries.
China has faced heavy capital outflow pressure in recent years, with its foreign exchange reserves falling to about trillion at the end of 2016 from nearly trillion in 2014. As the country's economic fundamentals improve and its management of cross-border capital flow has strengthened in recent months, the situation has stabilized, with foreign exchange reserves rising for five consecutive months by June.
China currently has 3 GW of installed off shore capacity, and the country plans to invest 0 billion in offshore wind energy projects over the next few years.
来源：资阳报