Steady investment and intensive commencement of major projects in the fourth quarter

2022-10-28

Accelerating the construction of major projects is an important support for expanding domestic demand and stabilizing the economic market. In the near future, all regions have made efforts to promote the construction progress of major projects and accelerate the formation of physical workload. At the same time, a number of new projects have been launched, and transportation, water conservancy, and industrial parks have become a major part. According to the big data statistics of China Infrastructure Communications Corporation, from October 1 to October 15, 26 major projects were started nationwide, with a total investment of about 247 billion yuan. On October 24, at the site of the Smart Port Industrial Park Project of China Construction Third Engineering Bureau in Chengdu Tianfu New Area, six tower cranes "came and went", and various construction machines and tools "worked together". The construction scene was orderly. The total investment of the project is about 1.049 billion yuan, with a total construction area of more than 220000 square meters. "At present, the project is in the construction stage of the main structure. The project department optimizes and adjusts the construction deployment, with an average of about 600 workers working on the site every day, striving for the fourth quarter." Wei Lei, the project manager, told the reporter. Recently, all regions have made efforts to promote the construction progress of major projects, and the projects under construction have been accelerated to be completed and put into operation. The reporter learned from the Chengdu directly administered area of Sichuan Tianfu New Area that 71 major projects in the area completed an investment of 16.62 billion yuan in the first three quarters, accounting for 81.9% of the annual investment plan, 6.9 percentage points ahead of schedule. A number of headquarters base projects were invested and constructed in an orderly manner. In terms of transportation, on October 15, the main tower of the Jialing River Bridge on the Han Ba Nan Railway, which runs through the core areas of the Sichuan Shaanxi Revolutionary Base, such as Yilong and Bazhong, was successfully capped; On October 19, the Longquanshan Tunnel 1 of Chengdu Zigong High speed Railway, an important part of the "Beijing Kunming Corridor", was successfully completed... While speeding up the progress of projects under construction, a number of new projects ushered in centralized commencement. Among them, there are railway projects from Xiong'an New Area to Xinzhou High speed Railway, Harbin-Yichun High-speed Railway to Tieli Section, Huayang River Flood Storage and Detention Area Construction Project, Suqian Lianyungang Port Channel Phase II and other water conservancy channels. A number of high-frequency data also show that the construction heat of recent engineering projects is rising. From the perspective of upstream building materials, the data of China Cement Network shows that since the end of September, the national average cement delivery rate index has been at the highest level in the year. From the construction situation, according to the data of China Construction Machinery Industry Association, the excavator sales of 26 host manufacturers included in the statistics in September increased by 5.49% year on year, and the monthly sales growth rate has been positive for three consecutive months. The insiders pointed out that giving full play to the key role of investment, especially promoting the investment of major projects to be implemented as soon as possible, is an important starting point to stimulate employment, expand consumption and boost market confidence, and is also an important measure to strengthen countercyclical and cross cyclical adjustment and maintain the stable operation of the economy in a reasonable range. The driving effect of vigorously promoting project construction on investment and economic growth is emerging. According to the data of the National Bureau of Statistics, in the first three quarters, the national fixed asset investment (excluding farmers) increased by 5.9% year on year, 0.1 percentage point faster than that from January to August, and recovered slightly for two consecutive months. Among them, in the first three quarters, infrastructure investment increased by 8.6% year-on-year, 0.3 percentage points faster than that from January to August, and rebounded for five consecutive months. Wang Qing, chief macro analyst of Oriental Jincheng, said that the growth rate of fixed asset investment in January September was 0. 5% faster than the previous value

Edit:Yi Bing    Responsible editor:Wei Li Bin

Source:Economic Information Daily

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