(Economic Observer) Intensive construction of major projects has started in many places in China to start the "accelerated running" mode of infrastructure construction

　　China News Agency, Beijing, February 5th, title: Major projects have started intensive construction, and many places in China have started infrastructure "speeding up" mode

　　Author Liu Wenwen

　　Just after the Spring Festival holiday, China's provinces have started their economic "competition" non-stop.

Intensively promote the start of construction of major projects in many places, start the "accelerated run" mode of infrastructure construction, and strive to make a good start for the economy in the Year of the Rabbit.

　　Intensive start of major projects

　　Many places have launched major projects and started construction, setting off an upsurge in infrastructure construction.

　　A few days ago, the first batch of 50 major projects with a total investment of about 48.6 billion yuan (RMB, the same below) started construction in Beijing this year.

According to the Beijing Municipal Development and Reform Commission, the intensive start of construction this time highlights the leadership of major projects. Among them, there are 12 projects with an investment of more than 1 billion yuan, with a total investment of more than 42 billion yuan.

While doing a good job in starting these 50 major projects, Beijing will continue to promote the start of construction of 160 major urban projects on a quarterly basis this year.

　　The project site in Xiong'an New District, Hebei Province is now a bustling and busy scene.

Recently, Xiong'an New District held a concentrated start-up activity for key projects in the first quarter, involving a total of 43 projects with a total investment of 41.6 billion yuan, covering infrastructure, public services, smart cities and other fields.

Among them, there are 2 projects with an investment of more than 10 billion yuan, 4 projects with an investment of more than 1 billion yuan, and 17 projects with an investment of more than 100 million yuan.

　　Wang Yanwei, director of the Reform and Development Bureau of Xiong'an New Area and director of the Investment Promotion Service Center, revealed that in 2023, Xiong'an New Area will arrange 270 projects with a total investment of 664.1 billion yuan and an annual investment of more than 200 billion yuan.

　　In addition, Guangdong Province will arrange 1,530 provincial key projects this year, with a total investment of about 8.4 trillion yuan.

In the first quarter, Shaanxi Province started construction of 795 key provincial and municipal projects, with a total investment of 564.6 billion yuan.

In the first quarter, Yunnan Province plans to start 675 projects with a total investment of 197.3 billion yuan.

　　Fully deploy new infrastructure

　　Many places regard the layout of new infrastructure as the top priority.

Sun Can, a researcher at Chuancai Securities, said that judging from the list of investment projects in various places, the layout of new infrastructure such as "counting from east to west", UHV, new energy, 5G base stations, data centers, and digital economy has accelerated.

　　For example, Hubei Province proposed to accelerate the promotion of 25 major projects such as the central hub node of "East Counting and West Computing" and Zhongjin Wuhan Data Valley, and build more than 20,000 5G macro base stations.

　　The "2023 Henan Provincial Digital Economy Development Work Plan" recently issued by Henan Province proposes that the annual investment in new infrastructure construction will be 50 billion yuan to build a 5G high-quality network. The total number of 5G base stations will exceed 180,000, and the number of data center racks will exceed 90,000. The number of terminal users of the Internet of Things in the province exceeded 100 million.

　　Today, the construction of the Guiyang Big Data Technology Innovation City Digital Intelligence Center project located in Gui'an New District, Guiyang City, Guizhou Province is in full swing.

The Digital Intelligence Center project is located in the core area of ​​Guiyang Big Data Science and Technology Innovation City. The project strives to complete the main construction in the first half of this year and ensure that the project will be put into use on time at the end of the year.

　　At the same time, multiple departments have issued policies to support new infrastructure.

The National Development and Reform Commission of China stated that this year it will further strengthen its support for the construction of new infrastructure, and guide and support social capital to increase investment in related fields.

Specifically, at the national level, a batch of investments within the central budget will be issued to support the construction of major projects in the field of new infrastructure; at the local level, local governments will be supported to increase investment in new infrastructure construction through local government special bonds and broaden the areas of support and scope of application.

　　In addition, the Ministry of Industry and Information Technology of China also stated that it will introduce policies and measures to promote the coordinated development of new information infrastructure construction, accelerate the construction of 5G and gigabit optical networks, start the construction of "broadband frontiers", and comprehensively promote the research and development of 6G technology.

　　Acceleration of infrastructure investment growth is expected

　　Many experts are optimistic about the development prospects of infrastructure, and said that current infrastructure investment is still an important starting point to promote economic growth.

　　Li Chao, chief economist of Zheshang Securities, believes that major projects can still play a role in supporting economic growth, and high-efficiency infrastructure projects such as 5G base stations, new power systems, urban rail transit and other new infrastructure are the core.

　　According to Bai Jingyu, director of the Innovation-Driven Development Center of the National Development and Reform Commission, during the "14th Five-Year Plan" and even a longer period of time in the future, China's new infrastructure construction investment prospects will continue to improve, and there is great potential to promote new infrastructure construction.

　　The research team of CICC predicts that infrastructure investment will maintain a medium-to-high growth rate of 8%-10% this year, and the physical workload will be better than last year.

Considering the acceleration of infrastructure construction in the first quarter of this year, the growth rate of infrastructure investment is expected to reach 10%.

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