Seeing 'things' leads to' people '. Major construction projects are accelerating at the beginning of the year
2026-01-06
From consumer infrastructure such as parking lots and charging stations, to urban renewal projects such as underground pipelines, around New Year's Day 2026, a number of key engineering projects in various areas will be accelerated to better serve people and improve investment efficiency by directing investment towards "goods". At the beginning of the new year, the construction of the first batch of residential resettlement housing projects for safe haven relocation in Deqin County, Diqing Tibetan Autonomous Prefecture, Yunnan Province is underway intensively, with plans to meet the basic conditions for safe haven relocation in the county before the end of 2026. There are 165 geological hazards in Deqin County at an altitude of 3400 meters, posing a threat to people's lives, health, and property safety. The overall relocation project of the county carries the people's expectations for a happy life. In Tianshui, Gansu Province, the comprehensive renovation project of the underground pipeline network in Chengji New City area of Maiji District has recently completed the switch of heat sources. Residents in this area will achieve stable heating, and the long-standing problem of pipeline network overheating and heat leakage that has plagued the public will be eradicated. Improving urban safety resilience and service efficiency is not only related to improving people's livelihoods, but also to improving investment efficiency. Behind it is a deep consideration of "adhering to the close combination of investment in goods and investment in people". Since 2025, the downward pressure on investment in China has increased. During the 15th Five Year Plan period, the task of transforming old and new driving forces in the investment field is arduous, and maintaining investment growth faces certain challenges. However, it should be noted that China still has many shortcomings and weaknesses in areas such as technological innovation, industrial upgrading, infrastructure, and improving people's livelihoods, and there is still ample room for expanding effective investment. The Central Economic Work Conference emphasized that in 2026, it is necessary to adhere to the close combination of investment in goods and investment in people, and called for promoting investment to stop falling and stabilize. Under the new and higher requirements, focusing on filling gaps, benefiting people's livelihoods, and increasing momentum, new development practices are constantly explored to promote the increasing multiplier effect of combining investment in goods and investment in people. In Qingdao, Shandong Province, three public parking lots have been built in the historic urban area of the North District, with 380 new parking spaces added. The underground space has been utilized to construct equipment rooms and the rooftop space has been used to create a community sports and leisure square, effectively alleviating regional parking conflicts and upgrading surrounding community public service facilities. Around the New Year, a batch of consumer infrastructure projects such as charging stations and urban renewal projects such as underground pipelines are also accelerating in many places, focusing on improving the adaptability of infrastructure and public service facilities layout to changes in population structure, and continuously improving the comprehensive economic, social, ecological, safety and other benefits of investment. Adhering to the close integration of investment in goods and investment in people in the field of people's livelihood can quickly form physical workloads, drive upstream and downstream production and investment in related industries, promote the formation of a virtuous cycle of 'investment employment consumption', and stabilize the economic fundamentals. At the same time, it also helps to solve the urgent and difficult problems of the masses, stabilize social expectations, unleash consumption potential, and provide demand support for investment. ”Wu Youhong, Director of the Investment System and Policy Research Office at the Investment Research Institute of the China Macroeconomic Research Institute, said. While stabilizing the investment base in traditional fields, local governments are also focusing on developing new quality productive forces according to local conditions, actively optimizing investment structures, and cultivating new driving forces for investment growth. On the eve of New Year's Day, the construction site of the Dazu Anlai (Ji'an) Semiconductor Device Special Equipment Manufacturing Project in Jizhou District, Ji'an City, Jiangxi Province, successfully completed the topping out of the main structure of Building 1. As a provincial key project, the Dazu Anlai project will further improve the local semiconductor industry chain after it is put into operation. On the first working day of the new year, 18 urban industrial projects and technology innovation industry projects were launched in Yangpu District, Shanghai. Projects such as the Shanghai Brain Intelligence Future Industry Agglomeration Zone are focusing on laying out in advance the future industrial tracks of artificial intelligence and brain intelligence. In 2026, we will accurately align with national policy guidance and focus on accelerating the construction of projects in the areas of industrial upgrading, infrastructure, and people's livelihood to fill gaps. ”Kang Huigang, Deputy Director of the Development and Reform Commission of Jizhou District, Ji'an City, Jiangxi Province, said. In terms of financial support, various types of funds are being disbursed and utilized at an accelerated pace to stabilize investment with greater efforts. The National Development and Reform Commission has organized and issued a list of "dual" construction projects and central budget investment plans for early approval in 2026. Among them, a total of about 220 billion yuan has been allocated for the "dual" construction, supporting 281 projects in areas such as urban underground pipelines and high standard farmland. The central budget focuses on investing in public sectors that require concentrated efforts, sustained investment, and addressing weaknesses, restructuring, and benefiting people's livelihoods, with over 75 billion yuan allocated. The funding scale of the 2026 early approved 'dual' construction project list issued in advance is more than twice that of the fourth quarter of 2024, indicating that the support for 'dual' construction in 2026 is increasing. ”Wu Youhong stated that the early allocation of "dual" funds is conducive to accelerating the formation of more physical work in early 2026 and providing more sufficient sources of construction funds for achieving a good start in the 15th Five Year Plan. 2026 is the starting year of the 15th Five Year Plan. In order to boost the effectiveness of investment, it is crucial to find the right investment direction and focus, and stimulate endogenous growth momentum. ”Liu Tao, a senior researcher at Guangkai's Chief Industry Research Institute, said that it is necessary to promote the sustained growth of infrastructure investment based on the overall national strategy, development stage, and practical needs, while maintaining a moderate but not excessively advanced foundation; At the same time, efforts should be made to improve investment efficiency and enable investment funds to leverage greater economic and social value. (New Society)
Edit:He Chuanning Responsible editor:Su Suiyue
Source:Economic Information Daily
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