Recently, in Xiaogan High-tech Zone, the Provincial Party Committee and Provincial Government held the centralized commencement activity for major engineering projects in the second quarter of 2024 across the province, with 2,093 projects of over 100 million yuan each breaking ground, involving a total investment of 1.1 trillion yuan; both the total number of projects and the total investment exceeded those of the same period last year.

　　Across the land of Jingchu, a large batch of major projects with large investment scale, high technological content and good development prospects have commenced construction in a concentrated manner. A sense of urgency that brooks no delay rushes to the face, and the magnificent and bustling construction scenes have injected strong momentum into our province's acceleration of high-quality development.

　　Three-tenths of projects accelerate toward "new"
　　Effective investment has always been a major engine for promoting Hubei's economic development. The Provincial Party Committee and Provincial Government have consistently taken the expansion of effective investment as a key measure to promote sustained economic improvement, holding centralized commencement activities for major projects every quarter, striving to run out the acceleration of project construction, enhancing new momentum for high-quality development, and consolidating support for the province's sustained, stable and rapid economic growth.
　　Over the past three years, the number of projects of over 100 million yuan implemented in our province each year has repeatedly hit new highs, strongly supporting Hubei in forging a development curve of robust recovery and upward momentum. In the first quarter of this year, Hubei's trend of recovery and improvement continued to consolidate, and new achievements were made in high-quality development. Investment played an indispensable role, especially industrial investment, which grew by 15.2% and contributed more than 90% to the province's investment growth.
　　Today's projects are tomorrow's industries. Actively cultivating and developing new quality productive forces means that project investment must also accelerate toward the "new." Among the projects commencing this time, 514 projects centering on new industries, new technologies and new models, with a total investment of 356.8 billion yuan, account for more than three-tenths of the investment. A large batch of projects brimming with "new" meaning will inject new momentum and cultivate new advantages for the development of new quality productive forces in our province. Among them, the Huanggang High-tech Zone biomedical new materials project, with a total investment of 5.5 billion yuan, will build a new chemical new materials industrial park focusing on life and health new materials and optoelectronic information new materials.
　　Promoting new urbanization with the "dual concentration" of towns and industries as the entry point is one of the paths for advancing the Hubei practice of Chinese-style modernization. The 1,413 industrial projects commencing this time, with a total investment of 800.8 billion yuan, are mainly local characteristic and advantageous leading industries, most of which are located in development zones and industrial parks. In addition, 680 infrastructure, social welfare and livelihood projects, with a total investment of 318.3 billion yuan, will powerfully promote the clustering of industrial development and the integration of urban functions in various localities.
　　The "lead goose" leads the way and the "flock of geese" flies together. Projects of large scale and superior quality are the "locomotives" driving economic development and the "catalysts" for building the industrial system. In the second quarter, the "Ten, Hundred, Thousand, Ten Thousand" project is even more prominent, and its pulling role is further highlighted. Among them, 8 projects of over 10 billion yuan each, 24 projects of 5 billion to 10 billion yuan each, and 211 projects of 1 billion to 5 billion yuan each commenced construction.

　　Four cities plan investment exceeding 100 billion yuan
　　Activating "chain leader" enterprises can better promote industrial clustering. Since the beginning of this year, Hubei has attracted the landing of projects by recruiting "chain leader" enterprises, continuing to intensify efforts to "break through" in the revitalization and development of the real economy.
　　The Silan Technology computing power industry project located in Xiaogan High-tech Zone, with a total investment of 11.2 billion yuan, will build a leading computing power cluster. Shanghai Silan Technology Co., Ltd., founded in 2016, is a semiconductor unicorn enterprise dedicated to independent processor core R&D, chip design and application. The company will build in Xiaogan a computing power cluster assembly base, a Silan-Xiaogan 5G communication chip R&D and sales headquarters, and more.
　　The Jifeng high-end agricultural machinery manufacturing and sales integration project, with a total investment of 10 billion yuan, is located in Zhijiang City, Yichang. The Jifeng Agricultural Machinery Chain Group is Asia's largest enterprise group with agricultural machinery circulation as its main body and coordinated development of the agricultural mechanization industry chain. As the largest agricultural machinery industry project of the Jifeng Group in Central China, the Zhijiang project will fill a market gap in the Central China region and raise the level of agricultural machinery equipment manufacturing across the province. After completion, the project can achieve an annual output value of 16 billion yuan and taxes and profits of 550 million yuan.
　　The Silan project and the Jifeng project have become typical representatives of Hubei's "chain leader" projects. In the second quarter, four cities—Wuhan, Xiangyang, Yichang and Xiaogan—plan investment amounts exceeding 100 billion yuan. With the heavy layout of a series of 10-billion-level projects, they will drive the filling, extension and strengthening of related industrial chains, and high-quality development will be surging with momentum.
　　While grasping current projects, we also grasp projects from previous years; Hubei persists in grasping both commencement and completion. The head of the Provincial Development and Reform Commission said that in the first quarter, 1,175 projects of over 100 million yuan were completed across the province, with Huangshi, Jingmen, Ezhou, Suizhou and Xiantao ranking high in completion rate. Next, our province will further make good use of the investment project performance comprehensive evaluation platform, strengthen the scheduling of the "three rates and two quantities," implement the "red, yellow and green light" early warning, and strive to achieve the "double over half" of investment, making greater contributions to advancing the Hubei practice of Chinese-style modernization and accelerating the building of an important strategic fulcrum for the rise of the central region.