“两重”建设持续加力 支撑基建投资回升

Core Viewpoint - The Chinese government is accelerating the construction of "two heavy" projects, which include major water conservancy and transportation infrastructure, with increased investment planned for 2024 compared to 2023 [1][4]. Group 1: Investment and Project Details - Multiple regions have initiated the construction of "two heavy" projects, focusing on significant water conservancy and transportation infrastructure [1]. - The Zhangcun Reservoir project in Jiangshan, Zhejiang, has a total investment of 2.53 billion yuan and aims to enhance local flood control and water resource management [2]. - The Sichuan Yinda Jimi Project, with a total investment of 57.5 billion yuan, is designed to supply 1.523 billion cubic meters of water annually, creating a dual water source system for the Chengdu Plain [2]. - In 2024, the government plans to issue 700 billion yuan in ultra-long-term special bonds to support "two heavy" construction, following the 800 billion yuan allocated in 2023 for 1,459 projects [2]. Group 2: Progress and Impact - As of now, over 70% of the "two heavy" funds for 2024 have been utilized in Shaanxi Province, with a project commencement rate of 95% expected by the end of 2025 [3]. - Infrastructure investment has seen significant growth, with a 20% year-on-year increase in internet and related services investment, and a 34.5% increase in private investment in water management [3]. - The acceleration of "two heavy" construction is expected to support a rebound in infrastructure investment, with new policy financial tools and an additional 200 billion yuan in special bonds aimed at enhancing investment [4]. Group 3: Future Outlook - The government plans to further increase support for "two heavy" construction in 2024, with ongoing project planning for 2026 already underway in various regions [4]. - The issuance of ultra-long-term special bonds is seen as a necessary measure to expand domestic demand and enhance economic stability [5].