BEIJING, May 6 (Xinhua) -- China has accelerated the investment in major projects with the remission of the COVID-19 epidemic, and a batch of new industries and new types of business featuring digital economy have become focus of the investment, reported Economic Information Daily Wednesday.
Central China's Hunan Province has recently started construction of 800-odd major projects which total an investment of more than 360 billion yuan and may create nearly 400,000 jobs.
Hubei, another province in central China which has been severely hit by the epidemic, also rolled out measures to quicken major project construction.
Currently, over 900 new projects each with an investment exceeding 100 million yuan have started construction across the province, and nearly 600 of them are major industrial projects.
Beijing, Shanghai, Hebei, Henan, Guizhou and Fujian are also speeding up investment in major projects.
Digital economy has been highlighted among the major project construction. More than half of the latest round of major projects under construction in Hunan involve emerging industries represented by the digital economy.
According to the latest major project construction plan issued recently by east China's Anhui Province, emphasis will be put on strategic emerging industries and information infrastructure, among other fields.
The province will carry out 2500-plus related projects each with an investment of above 100 million yuan, and plans to invest over 450 billion yuan annually in related fields.
Driven by strong policy support, China's digital economy has ushered in fast development. Data showed that in the first quarter this year, the added value of China's information transmission, software and information technology service industries increased by 13.2 percent year on year.
Besides, the mobile internet traffic grew by 39.3 percent from 129.1 percent of the same period of last year, the retail sales of physical goods nationwide increased by 5.9 percent, and the output of integrated circuits and electronic components all witnessed a growth of 16-odd percent.
The added value of high-tech manufacturing in March rose by 8.9 percent.
According to insiders, China will further strengthen policy support for major project construction and digital economy, including traditional and new infrastructure construction, with financial support and other policies to be implemented at a faster speed. (Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)
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