Major Projects Launch Successively, Package of Measures to Stabilize Growth Implemented, Spring Begins with a Sprint

Source: Shanghai Securities News Author: Chen Fang Wu Bin

Kickoff for Major Project Construction at the Start of Spring

After the Spring Festival holiday, regions such as Shanxi, Shaanxi, Shandong, Beijing, and others have announced the commencement of major projects. Anhui, Liaoning, and other areas have released special policies to stabilize the economy. Many places are taking pragmatic measures to promote investment, expand domestic demand, stabilize growth, and facilitate transformation, striving to lay a solid foundation for a good start during the “14th Five-Year Plan.”

Launching Major Project Construction

After the holiday, at Shanxi Naan Biological Technology Co., Ltd., located in the Shanxi Transformation and Comprehensive Reform Demonstration Zone, Shanghai Securities News reporters observed that the company’s expanded intelligent production line project has been fully underway. Core equipment such as fully automated packaging machines and fully automated filling lines have been installed, and staff are debugging the inline filling line.

“The project is expected to achieve full production by March. Once operational, the company’s overall capacity will increase by 40%, reaching an annual output of 800 tons, a significant scale breakthrough. The annual output value is expected to reach 200 million yuan,” said Deng Yingmin, Secretary of the Board of Naan Biological, to Shanghai Securities News. To further meet market demand and release capacity, Naan Biological is actively advancing the expansion of intelligent production lines driven by smart upgrades, aiming for a strong start in the first quarter.

Major projects are vital engines for stabilizing investment and promoting growth. After the holiday, key projects in Guangdong, Henan, Gansu, and other regions have accelerated construction: On the 25th, at the 2026 second batch key project site promotion meeting in Zhongshan, Guangdong, the Cui Cheng No. 2 Rural Revitalization Clean Energy Project broke ground; in Lanzhou, Gansu, the Ruili School construction project in Lanzhou New Area started on the 25th, which will add over 3,000 new school places; in Hebi, Henan, the number of projects started in the Economic and Technological Development Zone reached 21 by February 24, with a start-up rate of 91.3%…

Liao Bo, a member of the China Chief Economist Forum, analyzed for Shanghai Securities News: “Major projects are key to improving quality and efficiency, enhancing comprehensive strength. Construction of large projects creates tangible work volume, forming a solid foundation for stable investment, growth, and expectations. To achieve a good start for the economy, we should proactively align with national major policies, precisely plan a batch of large and impactful projects that fit industry positioning, and use breakthroughs in major projects to drive overall development, ensuring key projects start early, come into production early, and show results early.”

Implementing a Package of Stabilization Measures

To promote a good economic start, before and after the Spring Festival, Anhui, Liaoning, Henan, Fujian, Heilongjiang, Yunnan, and other regions have intensively deployed policies to stabilize the economy in the first quarter, focusing on boosting consumption, strengthening industries, and benefiting people’s livelihoods.

On the demand side, promoting consumption and expanding investment are key focuses. Anhui recently proposed to develop income-increasing plans for residents, improve wage growth mechanisms, and cultivate new consumption scenarios; Henan introduced policies to coordinate major infrastructure projects in transportation, energy, water conservancy, and others, including the start of the Shaying River “Port-Connected Park” project and other significant initiatives.

On the industrial side, accelerating industrial upgrading and developing future industries are emphasized. Anhui clarified that it will implement a new emerging industry cluster development project, allocating 4.1 billion yuan to nurture new growth drivers; Fujian proposed to cultivate data industry clusters and data factor industrial parks, and promote pilot projects for national data industry agglomeration zones.

“Local governments are making early efforts to stabilize growth this year, tailoring new growth points according to local conditions. By early 2026, with rising demand for stabilization, regions have quickly entered action, implementing targeted measures to keep the economy running smoothly,” said Wang Qing, Chief Macro Analyst at Dongfang Jincheng, in an interview with Shanghai Securities News.

High-frequency data shows high production prosperity and strong business confidence. In January, manufacturing PMI data indicated a production index of 50.6%, above the critical point, signaling continued expansion in manufacturing. The business activity expectation index was 52.6%, with optimistic outlooks from enterprises.

According to Wang Qing, this year marks the beginning of the “14th Five-Year Plan,” and a batch of major projects will start construction in the first quarter, providing strong support for investment. Additionally, driven by tourism and service consumption, the contribution of final consumption expenditure to economic growth at the beginning of the year is expected to increase.