China has given the green light for infrastructure projects worth almost CNY250 billion (HK$317 billion) as part of its bid to boost its economic growth despite the slowdown it is experiencing, according to a top economic planner.

The National Development and Reform Commission announced via its official website that it has given its stamp of approval for six railway and subway projects. Included in the project is a subway system construction in Chengdu worth CNY46.7 billion, South China Morning Post (SCMP) reported.

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Another railway project worth CNY60 billion is also included in the approved deal to link the cities of Qingdao and Jinan. In addition, China will build two new railways worth CNY42.5 billion to connect Inner Mongolia to the Beijing-Shenyang railway, SCMP detailed.

Out of the six infrastructure projects, five of them were granted approval in January and February. The last one was approved just this month, the commission said.

The approval of the six projects comes as China's fiscal spending in April increased by 33.2 percent. Based on data released by the Ministry of Finance last week, this is a big jump from the 4.4 percent increase observed in the month before that.

Wang Jun, a senior economist affiliated with Beijing think tank China Centre for International Economic Exchanges, revealed that a Politburo meeting in April focused on coming up with steps to stabilize China's growth.

"Increased fiscal spending and recent monetary policy measures are likely to lead to growth stabilisation in the third quarter," Wang explained.

The Chinese economy experienced a 7 percent slowdown during the first quarter of 2015 amid a lower demand both in local and abroad. The central bank proceeded to cut interest for the second time on May 10.

In addition, banks were ordered to lend money to local government projects involving housing, subways, and other infrastructure.

During a State Council meeting, Chinese Premier Li Keqiang said the government needs to stop blocking funding for these projects. Mainland media quoted Li saying there are a lot of approved projects that have not yet been started because they are still waiting for the funding.

Tagsinfrastructure, railway, subway, Mongolia