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15 July 2015

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Hunan to Take "Ten Major Actions" to Expand Investment in 2021

2021-02-25 Download Print
A meeting on the development of Hunan investment and the progress of key construction projects was held on February 23, 2021. It said that Hunan will continue to play the key supporting role of investment in stabilizing growth. This year, it will implement “Ten Major Actions” to expand effective investment and strive to complete the investment of about 3 trillion yuan, an increase of 8% year on year.

The Hunan Provincial Development and Reform Commission noted that Hunan seized major national policy opportunities in 2020, and its fixed assets investment increased by 7.6%, which was among the highest nationwide. China will pay more attention to the guiding role of government investment and support private investment to participate in making up for shortcomings and new infrastructure construction in 2021. The provincial investment is expected to continue to maintain steady growth.

This year, Hunan will stay on the building of the “Three Highlands”; focus on laying foundation and achieving long-term results, making up for shortcomings and strengthening weaknesses, and covering wider range and making greater contributions to carry out the following “Ten Actions” for investment expansion, including:
-The construction of advanced manufacturing highland of national importance;
-The building of technological innovation highland with core competitiveness;
-The empowerment of new infrastructure construction;
-The expansion and quality improvement of new urbanization;
-The establishment of strong major infrastructure network;
-The ecological protection and restoration of the Yangtze River Economic Belt;
-The enhancement of major industrial platforms foundation;
-The revitalization of rural areas;
-The improvement of basic public services quality; and,
-The upgrading of emergency response capabilities and public safety.

Hunan will focus on construction machinery, rail transit, aviation power, and other industries; accelerate 138 major industrial projects construction such as Yueyang Panhua Group, Hunan Sinosteel, and Chenzhou Amer; and implement 30 major landmark projects for Changsha, Zhuzhou, and Xiangtan City Cluster integration.

Infrastructure and new infrastructure construction are also the investment highlights in 2021. The “Four Networks” construction will mainly promote ten major infrastructure projects construction. They are:
-Xinhua-Xinning Expressway;
-Yiyang-Changde Expressway reconstruction and expansion;
-Radio and television 5G coverage;
-High-standard farmland construction;
-Shaoshan-Jinggangshan red tourism railway reconstruction;
-Changsha Airport reconstruction and expansion;
-Changde-Yiyang-Changsha Railway;
-Yongzhou Power Plant;
-Zhangjiajie-Jishou-Huaihua Railway; and,
-Urban flood control and drainage.

This year, 30,000 new 5G base stations will be built to achieve large-scale continuous coverage of 5G across Hunan, and full coverage in key urban areas and industrial parks.

In 2021, Hunan will promote the Hunan Pilot Free Trade Zone construction with high standards, and carry forward such projects as Changsha Airport Industrial Cluster, Yueyang Free Trade Zone Digital Economy Headquarters Base, and Chenzhou Hunan-Guangdong-Hong Kong-Macao Industrial Cooperation Demonstration Park.

In order to consolidate the results of poverty alleviation and the organic connection of rural revitalization, Hunan will continue to promote the establishment of about 3,000 poverty alleviation workshops, arrange a number of characteristic industrial projects according to local conditions, and create 15 provincial-level rural industrial integrated development demonstration parks in 2021.

This article is from Hunan Provincial Government

Translator: Yu Jiangjiang

Chinese source: