Economy

Major projects of central enterprises are intensively underway, with more physical work being put into steady growth

2025-03-20   

Since the beginning of the year, central enterprises have actively increased their effective investment efforts, and multiple major projects have started construction one after another, injecting strong impetus into the high-quality development of the Chinese economy. On March 17th, the Huanghua Port Coal Phase V Project of the National Energy Group Port Company started construction comprehensively. After completion, the storage capacity of Huanghua Port will increase by 540000 tons, the annual coal throughput capacity will increase by 53.1 million tons, and the coal transportation capacity will increase from 210 million tons per year to 260 million tons. As the farthest offshore wind power project in China, the Jiangsu Dafeng 800 MW offshore wind power project of China Three Gorges Corporation, located in the northeast sea area of Dafeng District, Yancheng City, has been fully launched for construction. In Xinjiang, the 1 million kW/4 million kWh independent energy storage project of China Huadian Corporation Urumqi Photovoltaic Base and the 1 million kW/4 million kWh independent energy storage project of China Huadian Corporation Kashgar area have also started construction simultaneously recently... "Effective investment focuses on effectiveness, that is, investment that can bring high-quality output and high-level performance. Central enterprises increasing effective investment can not only drive investment demand in the process of investment formation, but also continuously generate new productive consumption demand after investment formation, while providing incremental supply of high-quality products and services for society," Liu Xingguo, a special senior researcher of the China Enterprise Federation, said in an interview with reporters. Central enterprises have planned and implemented a series of strong traction measures Major projects with long-term benefits will provide strong support for China to expand domestic demand. The 2025 Government Work Report lists "vigorously boosting consumption, improving investment efficiency, and expanding domestic demand in all aspects" as the top ten tasks of government work in 2025, and explicitly proposes to "provide greater support for the 'dual' construction 'in actively expanding effective investment. On March 17th, the Party Committee of the State owned Assets Supervision and Administration Commission of the State Council held an expanded meeting, emphasizing the need to better leverage the important role of central enterprises in promoting sustained economic recovery and improvement, guide enterprises to formulate scientific, reasonable, and challenging business goals, and make every effort to stabilize growth; Promote enterprises to expand effective investment, focus on the "dual" and "two new" layout of a batch of strong traction and long-term beneficial major projects, and quickly form physical workloads; Establish a sound treasury system and safeguard the bottom line of risks. Zhu Changming, partner of Sunshine Times Law Firm and head of the State owned Enterprise Mixed Reform Center, stated in an interview with reporters that scientific, reasonable, and challenging business goals are a concrete manifestation of the overall tone of "seeking progress while maintaining stability" for state-owned and central enterprises. Scientific and reasonable requirements require enterprises to set goals based on actual capabilities, industry cycles, and market environments to avoid risk accumulation due to detachment from reality; Challenging requirements should stimulate the endogenous motivation of enterprises and break through development bottlenecks, avoiding sticking to old ways and suppressing innovation momentum, and missing development opportunities. The reporter learned from multiple central enterprises that increasing effective investment and upgrading equipment has become one of their key tasks for 2025. The relevant person in charge of China General Technology (Group) Holding Co., Ltd. stated that by 2025, the company will cherish policy opportunities such as "dual" and "two new" and actively develop the silver economy. In the field of machine tools, the company will further promote the optimization and adjustment of product structure, accelerate the implementation of technological transformation and equipment updates, and continuously improve the level of high-end, intelligent, and green development. China Communications Construction Group Co., Ltd. stated that in 2025, the company will promote the landing of more high-quality orders, closely monitor the business increment of urban renewal, water conservancy and water network, environmental protection, urban underground comprehensive pipe gallery, etc., focus on the "dual" and "two new" construction project list, increase market development efforts, strive for more policy and financial support, and release the policy superposition effect. To further ensure the quality and efficiency of new investments in 2025, China Machinery Industry Group Co., Ltd. has clarified that by 2025, the company will effectively focus on advanced equipment manufacturing business and better play its role in promoting the construction of a strong manufacturing country; Effectively carry out engineering contracting and supply chain business, and better play its role in maintaining the security and stability of the industrial and supply chains; Efforts should be made to cultivate strategic emerging industries and better leverage their role in developing new quality productive forces. Zhu Changming stated that with a batch of major projects that are strongly driven and beneficial to the long term starting construction by central enterprises, in the short term, the multiplier effect it brings will contribute to the stable growth of the Chinese economy; In the medium to long term, it is conducive to promoting high-quality structural adjustment of the Chinese economy. (New Society)

Edit:Yao jue Responsible editor:Xie Tunan

Source:Securities Daily

Special statement: if the pictures and texts reproduced or quoted on this site infringe your legitimate rights and interests, please contact this site, and this site will correct and delete them in time. For copyright issues and website cooperation, please contact through outlook new era email:lwxsd@liaowanghn.com

Recommended Reading Change it

Links