Under the impact of the pandemic, since workplaces across various regions gradually resumed operations after the Spring Festival, multiple provinces have released their 2020 project investment plans. As of March 20, a total of 25 provinces, municipalities, and autonomous regions—including Beijing, Hebei, Shanghai, Guangdong, Sichuan, and Ningxia—have announced 22,000 projects with a combined total investment of 49.6 trillion yuan, of which 7.6 trillion yuan is earmarked for planned investments in 2020 alone. Increasingly clear signs indicate that large-scale infrastructure development is emerging as a new driving force behind economic growth.
Read Details