Major project construction is the ballast stone for stable economic operation. At the beginning of the new year, major projects in multiple regions have started construction intensively, and the economy has made a good start throughout the year. Focusing on key areas and key industries, we will sprint at the beginning of the year and gain momentum from the beginning. At the beginning of 2024, various regions are working hard to start construction. On January 2nd, Jiangsu Province held a kickoff meeting for major project construction, with 2710 projects planned to start construction in the first quarter with a budget of over 100 million yuan, an increase of 561 compared to the same period last year. On the same day, the mobilization meeting for the construction of the Hefei Wuhan high-speed railway (Anhui section) and the first batch of major projects in Anhui Province in 2024 was held. There were a total of 460 major projects with a total investment of 489.63 billion yuan, involving multiple industries such as manufacturing, infrastructure, and people's livelihood. Among them, there were 253 emerging industry projects, accounting for 55%. Shaanxi Province plans to commence 572 provincial and municipal key projects in the first quarter, with a total investment of 314.345 billion yuan and an annual planned investment of 103.339 billion yuan. In Guangdong, the first batch of 205 new projects in Shenzhen will commence construction in 2024, distributed in major science and technology and industrial projects, infrastructure projects, livelihood projects, and other fields. In Fujian, Xiamen has started 63 major projects with a total investment of 115.2 billion yuan, covering industries, infrastructure, social undertakings, and other fields. On January 3, 2024, the concentrated commencement ceremony for major projects in Hunan was held simultaneously in Changsha, Yueyang, and Yiyang. The total investment of 11 major projects reached 87.2 billion yuan, mainly concentrated in major industries and infrastructure. Industries are moving towards novelty, and people's livelihoods are moving towards warmth. The common characteristics of major projects in multiple regions are large investment scale, excellent industrial structure, strong driving capacity, and efforts to fill gaps and benefit people's livelihoods. For example, the 50 major projects signed by Yangpu District in Shanghai involve industries such as online new economy, creative design, intelligent manufacturing, artificial intelligence, life and health, green and low-carbon, and technological services. The total investment of Sinopec Yueyang's one million ton ethylene refining integration and refining supporting renovation project is 35.7 billion yuan, making it the largest single investment industrial project in Hunan Province so far, which can drive downstream investment of over 150 billion yuan. Fengtai District, Beijing has focused on benefiting the people and warming their hearts, and has started 13 livelihood improvement projects, including the second phase of Fengtai Integrated Traditional Chinese and Western Medicine Hospital and the People's Congress Affiliated Middle School Park Expo Campus. In recent years, various regions have taken organizing major projects to start construction as an important measure to achieve investment growth and enhance growth momentum. Yang Ping, Director of the Investment Research Institute of the China Academy of Macroeconomics, stated that on the one hand, the concentrated commencement of major projects is conducive to the key role of investment in stabilizing growth. On the other hand, the industry distribution and investment subject composition of major projects with concentrated construction have played a guiding role in expanding effective investment. In addition, in the process of organizing the concentrated commencement of major industrial projects, policy guarantees are indispensable, which will help the government continuously improve its ability to optimize the business environment. From the economic work conferences held in various regions at the end of the year and the beginning of the year, it can be seen that "expanding effective investment" is an important part of deploying and doing a good job in local economic work in 2024, and major projects are an important focus. For example, Sichuan Province proposed to focus on expanding effective investment and promoting the connection of reserve projects