The National Development and Reform Commission (NDRC) are expected to oversee the projects.
The news agency said that the move was indicative of Chinese officials" concern that the country's intended shift to an economy driven by domestic consumption has not yet gained enough momentum to sustain economic growth.
Sources referenced in the article categorized the move as an effort to redress the country's current weak output.
China's GDP grew in 2013 by 7.7 percent, as estimated by the World Bank, which matched the rate of growth for 2012. However, this figure is lower than those for 2011 and 2010 when China's economy expanded at 9.3 and 10.4 percent respectively.
According to the World Bank, China's GDP in 2013 amounted to $9.24 trillion, which made it the second most powerful economy behind the United States whose GDP in the same year stood at $16.77 trillion.
