Where is China trillion infrastructure investment invested

The American Bloomberg Society on August 26th, the original title: These are the large projects in China in China in the field of large projects in China ’s 1 trillion US dollars in infrastructure investment fields. The benefit is far -reaching, not limited to eliminating the adverse effects of the prevention and control of the new crown pneumonia's epidemic and the fluctuation of the real estate market this year. Bloom Bohar's official announcement calculated that Beijing is providing government funds of 6.8 trillion yuan (about $ 1 trillion) for relevant construction projects. According to some estimates, once bank loans and corporate funds are added, China's total construction expenditure will even be higher -three times the number.

In the short term, infrastructure investment will promote employment and alleviate the urgent need of millions of job seekers affected by the economic downturn. In the long run, these stimulus measures will help China to achieve their ambitions and become a higher -income economy with a higher degree of urbanization, so that they are more capable of competing with the United States in high -tech fields such as semiconductors. Whether these projects success will affect China's prospects for many years. The following is the main flow of these funds.

More renewable energy than Europe will usher in an unparalleled renewable energy construction boom in northern China. In recent months, the "base" of wind and solar energy has begun. The capacity production capacity of these bases will be comparable to the current production capacity of the entire Europe by 2030. The installed scale of about 100 Gaval in the first stage of turbines and photovoltaic boards will be reached next year, and another stage (450 Gava) will be launched this year. China is expected to expand its leading advantage in Europe and the United States in terms of solar energy and wind energy. According to Chinese official media reports, the second stage will cost more than 30 trillion yuan. Ultra -high -voltage transmission lines will transport energy to the densely populated eastern coastal areas. China State -owned Grid Corporation plans to build 13 lines this year.

China ’s longest water traffic channel China has accelerated the pace of construction of the canal, dams and reservoirs. This year, it will invest more than 800 billion yuan in these projects. Among them, the most ambitious is a 200 -kilometer channel (that is, the river replenishment project -editor's note). It will transport the Yangtze River water to the reservoir for the north, and it is also called the South -to -North Water Diversion Project. This will become the world's longest water traffic channel.

Researchers at the University of Melbourne estimated that the water pastoing project across the country accounts for about 1/3 of China's water conservancy infrastructure expenditure. 5 times. As a highly labor -intensive project, the government has favored these projects. The Ministry of Water Conservancy said that about 30,000 water insurance projects are conducting about 1 million jobs.

From concrete "large cakes" to greener city local governments like to build urban infrastructure, including urban roads, gas supply and water supply pipeline networks and parks, these projects account for a large part of China's infrastructure expenditure. After decades of disorderly spread, the focus is on building a greener city. The "Songya Lake Ecological New City", which started construction this year, costs about 200 billion yuan, of which 70%of them will be specially used for greening and water. This is roughly the same as the proportion of buildings in Xiong'an New Town, which is being built near Beijing, and currently planning agencies across the country regard this as a model of construction.

Another investment in local governments is an industrial park that provides low -cost facilities for enterprises. Official data show that in the first quarter of this year, the local government will use about 1/3 of the funds raised by bonds for urban infrastructure and industrial parks.

The high -speed railway mileage of more than twice the other parts of the world has 40,000 kilometers of high -speed rail mileage, exceeding twice the total length of the high -speed rail mileage elsewhere elsewhere, and still launch dozens of high -speed rail projects. The most ambitious line is 1629 kilometers long, from Lhasa, the capital of the Tibet Autonomous Region from Sichuan Province. The project is expected to be completed in 2030. The total cost of the entire project is about 320 billion yuan. China said this year plans to have a 70,000 -kilometer high -speed rail by 2035 and build a 58,000 kilometer highway. At the same time, Chinese cities are still rapidly building subway lines.

The data center project costing 400 billion yuan per year is part of the efforts to expand the digital economy. The Chinese "East Digital West Calculation" project involves the construction of large data centers in the relatively poor western provinces to preserve data generated by Internet companies in the eastern region. Building 8 data center clusters (should be 8 national computing power hub nodes and 10 national data center clusters -editor's note) will cost about 400 billion yuan each year.

The German think tank analyst, Gronium Vehner-La La, said: "The central government regards the construction of data center as a way to spread the benefits of the digital economy to the areas outside the coastal cities, which can also make the domestic market in China. To a greater extent, avoid external shocks. "

- END -