Since the beginning of this year, national macro policies have continued to intensify, a number of major engineering projects in fields such as transportation and energy have advanced steadily, and effective investment has continued to expand.

　　At the construction site of the Nanning Pumped-Storage Power Station in Guangxi, a key project of the national "14th Five-Year Plan," more than 800 workers are working at full effort to speed up construction. In the newly excavated powerhouse, installation of the outlet pipe for the first generating unit is underway.

　　Accelerating the cultivation of new quality productive forces has been a focus of many regions since the start of the year. Among the major projects that Anhui ** began construction on, emerging-industry projects account for 55%; of Sichuan's 700 key projects, 348 are modern industrial system projects.

　　Since the beginning of this year, China has continued to step up policy support to attract private investment into major engineering projects. Shandong Province is actively guiding private enterprises to participate in the construction of railways, expressways, urban infrastructure and other projects. Of the 333 major "thousand projects, trillion yuan" projects that Zhejiang Province began construction on in a concentrated way at the start of the year, industrial projects with private enterprises as the main investors accounted for nearly half, a record high. For private investment projects that align with the direction of industrial development, Shaanxi Province has allocated 50 million yuan in provincial fiscal funds to provide interest subsidies.

　　The National Development and Reform Commission recently said that central budgetary investment this year will be somewhat higher than last year, and most of the additional government bonds issued last year will also be used this year; it will push projects to start construction as soon as possible and strengthen whole-process supervision of projects. The Ministry of Finance said that this year it will continue to arrange local government special bonds of an appropriate scale to support local governments in stepping up efforts to shore up weak links in key areas and improve investment efficiency. The effective implementation of these policies will further strengthen the internal driving force of China's economic development.