Major project construction 'sprints towards the fourth quarter' to boost annual economic growth
2025-10-15
Since entering the fourth quarter, major project construction across the country has accelerated. On October 13th, Fuzhou held a video conference for the commencement of major projects in the fourth quarter of 2025. A total of 188 major projects have been launched in the city, with a total investment of 136.3 billion yuan, covering areas such as industrial development, social livelihood, and infrastructure. On October 11th, the Jiangsu Provincial Government held a conference to promote the construction of major projects throughout the province, emphasizing the need to advance project construction as quickly as possible, generate more physical workload for ongoing projects, strive to start reserve projects ahead of schedule, and accelerate the production and efficiency of completed projects. On October 10th, Guangxi held a centralized on-site meeting for major transportation infrastructure projects in the entire region in 2025. Seven projects with a total investment of over 71 billion yuan were launched simultaneously, covering areas such as water transportation channels and highways. It can be seen that after entering the fourth quarter, major projects in various regions are accelerating construction and intensifying construction, showing a "sprint" momentum. Whether it is the "filling gaps" in infrastructure or the "expanding production capacity" of emerging industries, the pace of major project construction is accelerating comprehensively, injecting solid impetus into the annual economic growth. Deploying major project construction in multiple regions to 'sprint towards the fourth quarter' is an important measure to promote economic development, improve social livelihoods, and enhance regional competitiveness. ”Zhu Hualei, Senior Investment Advisor of Shaanxi Jufeng Investment Information Co., Ltd., stated in an interview with reporters. Liu Xiangdong, Deputy Director of the Research and Information Department of the China International Economic Exchange Center, also told reporters that increasing the construction of major projects can effectively expand investment and have an immediate effect on stabilizing economic growth, based on a good preliminary demonstration of the project. At the same time, it can drive the increase of employment opportunities, and with the implementation of policies and measures such as work for relief, it can also play a good role in promoting residents' employment and income growth. The construction of major projects has a significant driving effect on economic development. In the short term, it can directly drive large-scale investment, quickly activate the economic cycle, and accumulate momentum for economic growth immediately by creating a large number of job opportunities and stimulating demand in the upstream and downstream of the industrial chain (such as steel, cement, logistics, etc.). ”Fu Yifu, a special researcher at Su Shang Bank, stated in an interview with reporters that in the medium to long term, major projects are a key force in promoting industrial upgrading, promoting industrial cluster development, and optimizing industrial structure, providing lasting support for high-quality economic development. The construction of major projects also relies on sufficient financial support. On September 29th, Li Chao, Deputy Director and spokesperson of the Policy Research Office of the National Development and Reform Commission, introduced at a press conference that the scale of new policy based financial instruments is 500 billion yuan, all of which will be used to supplement project capital. The National Development and Reform Commission is working with relevant parties to accelerate the allocation of funds for new policy based financial instruments to specific projects. In the future, it will urge localities to accelerate the construction of projects, form more physical workloads as soon as possible, promote the expansion of effective investment, and promote stable and healthy economic development. All new policy financial instruments are used to supplement project capital, which helps to solve the problem of insufficient capital for major projects, enhance project financing capabilities, and leverage more social capital to participate in major project construction. ”Zhu Hualei said. (New Society)
Edit:Yao jue Responsible editor:Xie Tunan
Source:Securities Daily
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