Urban rail transit project is the main force of Chinas economic development

According to China News Network on July 7, most agencies recently forecast that investment in the first half of the year-on-year growth may be about 11.2%, which is not only lower than the growth rate of January-May investment, but also a sharp drop of 6.1 percentage points compared with the same period last year. Lian Ping, chief economist at Bank of Communications, said investment demand remained weak in June in the light of the declining prices of major steel products and the continued decline of cement prices as a whole. On the whole, the cumulative growth rate of fixed asset investment in 1-6 months is likely to decline further.

After sorting out, it is found that May and June are the peak periods for the State Development and Reform Commission to approve intensively the capital construction investment, and the total amount of the capital construction investment approved in two months exceeds 73.113 billion yuan, which is closely related to the steady growth of the power in recent years. Some experts predict that with the steady growth policy playing a role, China's economy is expected to stabilize in the second half of the year.

Up to July 1, the NDRC approved a total investment of 884.187 billion yuan in infrastructure projects, of which 488.318 billion yuan was invested in urban rail construction, accounting for more than half of the total investment, which can be regarded as the main force of "stable investment". According to incomplete statistics, the number of urban rail transit projects approved by the NDRC has reached 8 in this year, including Chengdu, Nanjing, Jinan, Changchun and Wuhan, and six of them are expected to start construction this year.

Li Pumin, secretary-general of the National Development and Reform Commission, said recently that the total investment in urban rail transit in 2015 will reach 300 billion yuan, exceeding last year's level. In addition to urban rail transit, investment in transportation projects such as Luqiao and airports has been implemented. At the beginning of this year, the opinions issued by the NDRC on the current role of transportation support to guide economic and social development pointed out that we should actively promote the 3 major strategic projects of "one belt and one road" transportation corridor, Beijing Tianjin Hebei transportation integration and the Yangtze River Economic Belt traffic corridor.