China to rollout infra projects to combat economic slowdown
24 Jan 2022
2 Min Read
CW Team
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.
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
Morpho Dimensions Set to Cross Rs 1 billion Revenue in FY 25鈥�26
Morpho Dimensions, a venture of acclaimed architecture and design firm Morphogenesis, is transforming India鈥檚 office interiors landscape with a technology-first, design-led approach. With a secured orderbook of Rs 700 million and additional projects in the pipeline, the firm is confidently on track to cross Rs 1 billion in revenue in FY 2025鈥�26.聽By combining Artificial Intelligence (AI), Building Information Modelling (BIM), and Virtual Reality (VR), Morpho Dimensions enables clients to visualise and step into immersive, ready-to-operate workspaces within 90 days鈥攗shering in a new bench..
Next Story
TOTO鈥檚 NEOREST Surpasses 4 Million Global Shipments
TOTO has announced that its flagship smart toilet, NEOREST, has surpassed 4 million global shipments as of March 2025, marking a major milestone in the evolution of luxury sanitation and setting a new global benchmark in design-led hygiene innovation. Launched in 1993 with the aim to redefine conventional toilets, NEOREST has consistently merged cutting-edge technology with minimalist design. Over three decades, it has become a category-defining product, earning global acclaim with prestigious honours including the iF Design Award, Red Dot, and Green Good Design Awards. The integrate..
Next Story
Gurgaon鈥檚 SPR Set to Cross Rs 1 Lakh Crore in Realty Sales
Gurgaon鈥檚 Southern Peripheral Road (SPR) is rapidly evolving into one of India鈥檚 most dynamic real estate and infrastructure zones. Once a mere connector between Sohna Road and Golf Course Extension Road, SPR has transformed into a premium urban corridor, with over Rs 1 lakh crore worth of residential and commercial projects launched or in the pipeline. In the last two years alone, developers have launched or announced projects worth Rs 500 billion along SPR鈥攁 figure projected to double by 2027, cementing its position among India鈥檚 most active micro-markets. Property rates along S..
