区域的视角系列（1）：重大项目奠定投资格局

Investment Trends - Major projects in various regions are supported by stronger fiscal guarantees, with significant projects over 5 billion yuan being highlighted, such as 15 projects in Anhui and 11 in Sichuan[3] - In Hebei, the number of key construction projects increased by 10% to 703, with total investment rising by 14% to 1.5 trillion yuan, compared to last year's expected completion of 220 billion yuan[3] - In Shaanxi, 616 key projects are planned with a total investment of 28,762 billion yuan and an annual planned investment of 4,917 billion yuan, surpassing last year's 4,304 billion yuan[3] Economic Performance - Beijing plans to initiate 160 major projects in Q1 2025, with a total investment exceeding 290 billion yuan, marking the highest figures for the same period in previous years[3] - Jiangsu's major projects increased to 500, with an annual planned investment of 6,526 billion yuan, better than last year's plan of 6,408 billion yuan[3] - Zhejiang's first batch of major projects includes 1,364 projects with a total investment of 7.5 trillion yuan, and an annual planned investment of 1.15 trillion yuan, up 11.5% from last year[3] Focus on New Industries - In Hebei, the proportion of strategic emerging industry projects increased from 51% in 2024 to 56% in 2025[3] - In Zhejiang, new quality productivity projects accounted for 29% this year, an increase of 8.6 percentage points from 2024[3] Risks and Challenges - External risks are increasing, and the domestic reform implementation may not meet expectations, particularly concerning zero-based budgeting reforms affecting infrastructure and manufacturing investments[3]