Beijing's fixed asset investment achieved significant growth in the first quarter, and the investment structure continued to be optimized, ushering in a good start. According to data from the Municipal Development and Reform Commission, all 160 major urban projects started construction in the first quarter, with a total investment of 253 billion yuan, driving the city's investment growth by 13.6%. Among them, construction investment and equipment purchase investment increased significantly, reflecting the continuous improvement of investment effectiveness.

Beijing has released three key project plans for 100 cities in 2024, and organized the start of major projects as soon as possible. In the first quarter, the completed investment in these key projects accounted for more than 30% of the city's investment, and all planned construction projects were realized on schedule. At the same time, many major projects have started ahead of schedule, and projects under construction in the city have maintained high-intensity construction.

Investment in new driving forces has accelerated, and investment in high-tech industries has grown significantly, especially in high-tech manufacturing and high-tech service industries. This is due to new progress in the construction of an international science and technology innovation center, with multiple innovative projects starting construction or being implemented. In addition, major projects in strategic emerging industries and future industries have also made new progress, with many projects starting construction or being put into production.

Relevant officials said that in the second quarter, they will increase service guarantees, promote the accelerated construction of major projects, maintain reasonable investment growth, optimize the investment structure, and improve investment efficiency, so as to play the key role of investment in sustained economic recovery and high-quality development.Editor/Cheng Liting