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The National Development Reform Commission, China's top economic planner, said on Friday that it approved 22 fixed-asset investment (FAI) projects in July, valued at 165.5 billion yuan ($24.8 billion), to further drive high-quality economic growth and meet public demands for better infrastructure and livelihod facilities.

These projects are spread mainly across the energy, water conservancy, transport, and high-tech sectors, the NDRC said. In June, the commission approved 11 fixed-asset investment projects, valued at 29.6 billion yuan.

In the January-July period, fixed-asset investment in China grew 8.3 percent year on year to 33.74 trillion yuan, compared with an expansion of 8.6 percent in H1.

FAI includes capital spent on infrastructure, property, machinery and other physical assets.