BEIJING, April 9 (Xinhua) – Construction on some major projects has started intensively across China in recent months, the Xinhua-run Shanghai Securities News reported.
According to the report, the total investment of projects under construction in Fujian, Shaanxi and Sichuan have exceeded 1 trillion yuan.
By the end of March, construction on about 2,288 major projects have started across Shaanxi provinces, with the annual planned investment of 320.5 billion yuan.
Construction has began on about 253 major projects worth 300.1 billion yuan in Fujian during March 27-29, while about 1,703 projects have started construction in Sichuan on March 27, with a total investment of 875 billion yuan.
Among them, major infrastructure projects are still an important part. China has started construction on multiple transport infrastructure projects in succession, including Chengdu-Zigong high-speed railway.
The growth of infrastructure investment was expected to accelerate in March and will further gain momentum in the second quarter of this year, said Liu Xuezhi, a senior researcher at the Bank of Communications, adding that infrastructure investment will become a key driver of the country’s overall investment, with its growth expected to rebound to about 10 percent this year. (Edited by Yang Yifan, yangyifan@xinhua.org)
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