+
China to rollout infra projects to combat economic slowdown
RAILWAYS & METRO RAIL

China to rollout infra projects to combat economic slowdown

The government of China has planned to expedite major infrastructure projects to combat the country's economic slowdown and identifies 102 mega projects including High Speed Rail (HSR) expansion by 12,000 km.

The top economic planning agency of China announced that it will moderately front-load infrastructure investment to drive 102 mega projects earmarked for the 14th Five-Year Plan period.

Domestic demand and sluggish consumption have emerged as the two major weaknesses of the Chinese economy, and infrastructure investment is a critical requirement.

With only about 0.4% annual growth rate, Chinese infrastructure investment in 2021 was down compared to the previous year. The infrastructure investment is expected to increase 5% in 2022.

Other factors include the Covid-19 pandemic, supply chain bottlenecks and real estate issues. The Chinese economy grew by 4% in the fourth quarter (Q4) of 2021 from 4.9% in the third quarter (Q3).

China's Gross Domestic Product (GDP) grew by 8.1% in 2021, while its GDP is projected to moderate at 5.5% in 2022.

Its mega projects include infrastructure projects such as roads, railways, public transit systems, airports, nuclear power plants, power transmission lines and pipelines. The country will also expand its high-speed rail (HSR) network to curb economic decline. China has the world's largest HSR network and plans to expand it to 50,000 km by 2025. It aims to double its HSR network to 100,000 km by 2031.

China will also focus on widening the BeiDou Navigation Satellite System (BDS) in China and abroad. The BDS provides all-weather, high-accuracy positioning, navigation and timing services to its users worldwide.

BDS is a rival US Global Positioning System (GPS), which provides transportation, emergency medical rescue and city planning and management. The Shanghai government plans to accelerate projects, including shipping and public transit to water conservation and sewage systems.

Image Source

Also read: Sri Lanka urges more Indian investments to strengthen economy

Also read: Commerce ministry wants anti-dumping duty on Chinese tiles

The government of China has planned to expedite major infrastructure projects to combat the country's economic slowdown and identifies 102 mega projects including High Speed Rail (HSR) expansion by 12,000 km. The top economic planning agency of China announced that it will moderately front-load infrastructure investment to drive 102 mega projects earmarked for the 14th Five-Year Plan period. Domestic demand and sluggish consumption have emerged as the two major weaknesses of the Chinese economy, and infrastructure investment is a critical requirement. With only about 0.4% annual growth rate, Chinese infrastructure investment in 2021 was down compared to the previous year. The infrastructure investment is expected to increase 5% in 2022. Other factors include the Covid-19 pandemic, supply chain bottlenecks and real estate issues. The Chinese economy grew by 4% in the fourth quarter (Q4) of 2021 from 4.9% in the third quarter (Q3). China's Gross Domestic Product (GDP) grew by 8.1% in 2021, while its GDP is projected to moderate at 5.5% in 2022. Its mega projects include infrastructure projects such as roads, railways, public transit systems, airports, nuclear power plants, power transmission lines and pipelines. The country will also expand its high-speed rail (HSR) network to curb economic decline. China has the world's largest HSR network and plans to expand it to 50,000 km by 2025. It aims to double its HSR network to 100,000 km by 2031. China will also focus on widening the BeiDou Navigation Satellite System (BDS) in China and abroad. The BDS provides all-weather, high-accuracy positioning, navigation and timing services to its users worldwide. BDS is a rival US Global Positioning System (GPS), which provides transportation, emergency medical rescue and city planning and management. The Shanghai government plans to accelerate projects, including shipping and public transit to water conservation and sewage systems. Image Source Also read: Sri Lanka urges more Indian investments to strengthen economy Also read: Commerce ministry wants anti-dumping duty on Chinese tiles

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?