八张图读懂基建口径调整

Group 1: Infrastructure Adjustment Insights - The National Bureau of Statistics has adjusted the infrastructure investment reporting from a narrow to a broad scope, revealing a more comprehensive view of infrastructure investment[11] - After the adjustment, the investment growth rate for broad infrastructure has slightly increased, with a year-on-year growth rate of 11.4% for January-February 2026, compared to a range of 7.0% to 8.7% for narrow infrastructure[22] - The adjustment includes the removal of the warehousing industry and the addition of telecommunications and internet services, leading to a more refined calculation method for broad infrastructure[16] Group 2: Economic Overview and Events - The economic landscape at the start of 2026 shows a robust industrial sector, with industrial value-added growth at 6.3% year-on-year for January-February, alongside a stable consumer market with retail sales growth of 2.8%[46] - Key upcoming events include the Boao Forum from March 24 to 27, focusing on global governance and economic integration, with discussions on how to address global uncertainties[34] - The fiscal data for January-February indicates a stable overall budget revenue growth of 0.7% and a notable increase in budget expenditure by 3.6%, reflecting a proactive fiscal stance[42]