On November 4, the National Development and Reform Commission held the Endeavour “15th Five-Year Plan” series of press conferences to introduce the situation related to consolidating development support. Xia Xin, director of the Infrastructure Development Department of the National Development and Reform Commission, said that transportation is the main force in infrastructure investment and plays an important role in stabilizing investment and promoting development. Since this year, the Development and Reform Commission, together with transportation industry departments and factor guarantee departments, have expedited implementation of project approval procedures, strengthened project construction monitoring and scheduling, and efficiently completed the review and screening of projects to invest in ultra-long-term special treasury bonds, local government special bonds, and new policy financial instruments within the central budget, strongly supporting the construction and investment of projects. It is expected that during the “15th Five-Year Plan” period, investment in the transportation sector will remain on a large scale. The Development and Reform Commission will insist on being “moderately ahead of schedule, not too ahead of schedule” and adopt stronger and more effective policies and measures to support transportation investment to stabilize the overall economy. On the one hand, it is expanding investment in emerging fields; on the other hand, it is focusing on reducing projects with low efficiency, low utilization rates, and repeated homogenization, and strictly preventing hype concepts in new fields and new business formats, and rushing up all at once.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.