BUSINESS C.China Hunan launched 17 new major projects with RMB68 bln investment

BUSINESS

C.China Hunan launched 17 new major projects with RMB68 bln investment

Xinhua Silk Road

14:52, August 13, 2020

Photo taken on April 25, 2020 shows the interior of a capsule-shaped bulk cargo warehouse in Yueyang, central China's HunanProvince. (Xinhua/Chen Zhenhai)

Central China's Hunan Province announced on Monday 17 new provincial key projects for this year, involving a total investment of 68 billion yuan.

Among the new projects, two are related to urban infrastructure, while the other 15 projects are in industrial sectors with investment accounting for 95 percent of the total, said the local authority.

The industrial projects concentrate on electronic information, intelligent manufacturing, new energy vehicles, new materials, health care, and cultural tourism, with a planned investment of 6.6 billion yuan this year.

According to the Development and Reform Commission of Hunan Province, the 17 key projects will give full play to the critical role of investment in stabilizing the economic growth in the province.

As of March this year, a total of 160 projects have been registered with a planned investment of over 300 billion yuan in Hunan.

It is noted that in the first half of this year, the construction of key projects in Hunan boosted a year-on-year increase of 4.7 percent in investment in the province, making Hunan rank seventh in the country in terms of investment growth.

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