NDRC: Accelerating the construction of major projects is an important factor in stabilizing investment and stopping the decline.

On April 17th, the State Council Information Office held a themed press conference on the "start of the '14th Five-Year Plan'", introducing the relevant situation of promoting high-quality economic and social development during the '14th Five-Year Plan' period. Wang Changlin, Deputy Director of the National Development and Reform Commission, stated that in the first quarter of this year, national fixed asset investment has shifted from a decline to an increase, which is a highlight of China's economic performance, playing a crucial role in three aspects. Firstly, the stability of investment policy has accelerated results, with large-scale equipment upgrades continuing to drive growth, and measures to promote private investment being implemented rapidly, resulting in a 1.3% increase in private investment. Secondly, new quality productive forces have been activated, with various regions developing new quality productive forces according to their specific conditions, leading to rapid growth in investments related to new forces. Finally, significant efforts have been made on major projects, with construction of major projects accelerating, becoming an important factor in stabilizing and reversing the downward trend in investment.