On February 24th, the Shandong Provincial Conference on Promoting Project Expansion, Investment and Stable Growth, and the on-site promotion conference for the construction of major projects for high-quality development in the spring of 2025 were held in Jinan. There are 1006 major projects under concentrated construction in Shandong, with a total investment of 1042.7 billion yuan. In fact, in recent times, various regions across the country have been promoting the commencement of major projects in the first quarter, making every effort to expand effective investment and promote high-quality development. According to the reporter's review, major project commencement activities for the first quarter have been held in many places such as Sichuan, Zhejiang, Jiangxi, Guizhou, and Shandong, striving to start projects early and achieve early results. Zhang Yiqun, Director of the Jilin Provincial Institute of Fiscal Science, stated in an interview with reporters that this year, various regions are seizing the opportunity period, planning various major construction project designs in advance, continuously increasing the issuance of local government special bonds, accelerating the progress of investment in physical quantity conversion, striving to achieve a good start to the economy for the whole year, continuing the good trend of economic stabilization in the fourth quarter of last year, and laying a solid foundation for better boosting China's economic development confidence and achieving the annual economic growth target. The reporter found that the large investment volume and high technological content of major projects in various regions have become a highlight after sorting out the situation of local projects. For example, on February 5th, Jiangxi Province held a conference on the joint construction of major projects at the provincial, municipal, and county levels in the first quarter and the promotion of major projects in 2025. A total of 1534 major projects with a total investment of 660 billion yuan were jointly launched. From the perspective of project volume, there are 5 major projects with a total investment of over 5 billion yuan and 119 projects with a total investment of 1 billion to 5 billion yuan among the major projects that have started this joint construction. For example, on February 13th, the on-site promotion activity for major projects in the first quarter of 2025 in Sichuan Province was held. A total of 2956 major projects from the province participated in this on-site promotion activity, with a total investment of 1.1318 trillion yuan. Liu Xiangdong, Deputy Director of the Economic Research Department of the China Center for International Economic Exchange, told reporters that currently, China is promoting comprehensive expansion of domestic demand, implementing more proactive fiscal policies, accelerating the landing of key projects, and creating tangible workloads, which are of great significance for boosting domestic demand. In addition to large investment amounts, major projects in various regions also exhibit high technological content. For example, the major projects under concentrated construction in Shandong Province cover new generation information technology, high-end equipment, and other fields; On February 8th, Zhejiang Province held a concentrated construction activity for major projects in the first quarter of 2025. A total of 150 projects participated in this concentrated construction activity, with a total investment of 352.05 billion yuan and an annual investment of 36.4 billion yuan. A total of 55 new quality productivity projects have been arranged, accounting for 37%. This year, major project investments in various regions are shifting from traditional infrastructure construction projects to infrastructure empowerment, digital economy, low altitude economy, low-carbon economy, smart economy, etc. The pace of basic investment driven by new quality productivity is accelerating, and the endogenous driving force of the Chinese economy is being fully stimulated with technological progress Zhang Yiqun said. Expanding effective investment according to local conditions is noteworthy, as the presence of private investment frequently appears. Among the major projects promoted by Sichuan Province, private capital has performed outstandingly, with a total investment of 549.8 billion yuan in 1149 private investment projects, accounting for 48.6% of the total investment; In the projects that have started construction in Shandong Province, the number and investment amount of private enterprise projects both exceed half. To safeguard the construction of major projects, relevant support policies are constantly being introduced. For example, on February 23, the Opinions of the Central Committee of the Communist Party of China and the State Council on Further Deepening Rural Reform and Firmly Promoting the Comprehensive Revitalization of Rural Areas was released and proposed to increase the support of the central budget investment, ultra long term special treasury bond and special bonds of local governments for the construction of major projects in the agricultural and rural areas. Regarding the issues that should be paid attention to in major project investments in various regions, Liu Xiangdong believes that it is necessary to comprehensively consider the effectiveness of investment, coordinate the optimization effect of investment on the supply structure, avoid the formation of backward production capacity or overcapacity, and ensure that key project investments are implemented effectively, thereby enhancing the momentum of economic and social development. Xiao Benhua, Vice Dean of the Free Trade Zone Research Institute at Shanghai Lixin University of Accounting and Finance, stated in an interview with reporters that each region should choose key investment areas according to local conditions, expand effective investment, strengthen inter regional coordination, and avoid disorderly competition and duplicate investment. At the same time, we need to continue optimizing the business environment and leverage the important role of social capital in key project investments. In Zhang Yiqun's opinion, major project investments should pay attention to project management and ensure that every fund is effectively utilized. At the same time, it is necessary to comprehensively strengthen the supervision of project finance and accounting, and severely crack down on various illegal and disciplinary behaviors. In addition, it is necessary to improve the performance review of financial investment in the early stage, strive to achieve a balance between economic and social benefits, and make major investment projects the source of economic growth. (New Society)