According to a message from the "Anhui Release" WeChat public account, on the morning of April 2, the 2025 Anhui Province Second Batch of Major Projects Commencement Mobilization Meeting was held in Hefei. This batch of commencement mobilization projects totals 684, with a total investment of 401.51 billion yuan and an annual planned investment of 102.5 billion yuan. Judging from the progress of the first batch of commencement mobilization projects, Anhui Province's 2025 first batch of commencement mobilization projects totaled 622, with a total investment of 405.75 billion yuan and an annual planned investment of 111.98 billion yuan. As of the end of March, 602 had started construction, with a commencement rate of 96.8%. The reporter noted that not only Anhui, but many places across the country reported relatively fast commencement and construction progress of major projects in the first quarter of this year. For example, according to a message on April 1 from the website of the Yangzhou Municipal People's Government of Jiangsu Province, in 2025 Yangzhou has been advancing the construction of major projects with all-out effort under the principle of "starting work at the start of the year, treating the first battle as the decisive battle." Since the first quarter, the commencement rates of Yangzhou's province-listed, provincial private-capital, and municipal major projects have reached 69.7%, 66.7%, and 80.4% respectively, with investment completion rates exceeding 30%, successfully achieving a "good start" and "stable start." According to a message on April 2 from the website of the Hebei Provincial People's Government, Hengshui City of Hebei Province has newly added 15 provincial key preliminary project reserves this year, and 32 provincial key projects under construction have completed investment of 390 million yuan, with an investment progress of 7.9%. Municipal-level projects have maintained a steady pace of advancement, with 190 municipal key projects completing investment of 630 million yuan, an investment completion rate of 6.3%, of which 62 of the 136 planned commencement projects have started, a commencement rate of 45.6%. The first batch of 77 municipal key preliminary projects with a total investment of 21.05 billion yuan is accelerating the processing of procedures to lay a solid foundation for subsequent construction. The centralized commencement in the first quarter achieved a "dual improvement in quality and efficiency," with all 137 projects with a total investment of 42.69 billion yuan having started, an increase in investment of 12.265 billion yuan over last year, and a year-on-year increase in the commencement rate of 13.9 percentage points. "In the first quarter, various places seized the spring project construction period and, based on the principle of 'investing early and investing well,' actively advanced the construction of major projects, generally showing the characteristics of large investment scale, high commencement rate, and fast advancement speed, forming a good situation in which investment underpins the economy, stimulates consumption expansion, drives capital follow-up, and expands investment attraction," said Zhang Yiqun, director and researcher of the Jilin Provincial Institute of Fiscal Science, in an interview with the reporter. This has played an important supporting role in stabilizing the economy, stabilizing growth, and stabilizing expectations, and has laid a good foundation for achieving a "good start" in the first quarter economy and completing the annual economic growth target. Zhu Hualei, senior investment adviser of Shaanxi Jufeng Investment Information Co., Ltd., also told the reporter that judging from the recent commencement of major projects in various places, the project commencement rates in various places in the first quarter have increased significantly, and the construction speed of projects has shown an obvious trend of acceleration. The latest data released by the National Bureau of Statistics show that the pulling effect of investment in large projects is obvious. The data show that from January to February this year, investment in projects with a planned total investment of 100 million yuan or more increased by 7.7% year on year, 0.7 percentage points faster than the whole of 2024 and 3.6 percentage points higher than total investment; it pulled total investment growth by 4.0 percentage points, 0.2 percentage points higher than the whole of 2024. Zhu Hualei believes that the construction of major projects nationwide in the first quarter of 2025 is expected to achieve a "good start," which can not only directly drive investment growth, optimize the investment structure, and enhance investment confidence, but also play a significant role in promoting economic growth in both the short and long term, laying a solid foundation for achieving the annual economic growth target. "Judging from the current commencement of major projects in various places, the first quarter is highly likely to continue the relatively fast growth trend of the fourth quarter of last year," said Zhang Yiqun. The reporter noted that, in addition to fast progress, major projects in various places are also more focused on high-quality development. For example, according to a message from the website of the Chongqing Municipal People's Government, on March 25, Chongqing held the 2025 second batch of major projects commencement and commissioning activities. More than 200 major projects started construction or were put into operation that day, with a total investment of 155 billion yuan, involving multiple fields such as the "33618" modern manufacturing cluster system, the "416" scientific and technological innovation layout, the modern collection and distribution system, and the hub port industrial park. "The investment direction of major projects in various places is also undergoing positive changes, and an investment pattern led by scientific and technological innovation, characterized by industrial agglomeration, and with the clearing of key nodes as the key has initially taken shape," Zhang Yiqun analyzed. The "scale effect" of major project investment underpinning the economy and the "quality effect" of promoting high-quality economic development and stimulating the vitality of new quality productive forces are becoming more closely integrated, which will nurture new momentum for high-quality economic development.
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