[In 2022, China's foreign contracted projects will turnover of 1 trillion yuan]Recently, the State Council Information Office held a press conference. At the meeting, Vice Minister of Commerce Guo Tingting introduced that in 2022, foreign non-financial direct investment will be 785.94 billion yuan, an increase of 7.2%. Among them, investment in countries along the Belt and Road increased by 7.7%, accounting for 17.9%. Foreign contracted projects developed steadily, with a turnover of 1.0 trillion yuan, an increase of 4.3%, and 59 new projects with a contract value of more than 50 million US dollars compared with 2021. Editor/Xu Shengpeng
China Power Construction Corporation has successfully won the bid for a pumped storage project with a total investment of over 4.9 billion yuan. This is not only another major breakthrough for the company in the energy field, but also injects strong momentum into activating new energy storage systems and accelerating energy transformation. As a stabilizer and power bank for the power grid, the core function of this project is to achieve the spatiotemporal transfer of electrical energy. During periods of low electricity consumption, utilize surplus clean energy sources such as wind and solar power to pump water from the lower reservoir to the upper reservoir for storage; During peak electricity consumption, water is released to generate electricity and quickly respond to power demand. To provide solid support for achieving the "dual carbon" goal.Editor/Bian Wenjun
China Road and Bridge Engineering Co., Ltd. officially signed the Laos Huapan Nonferrous Mineral Development Project, marking that China Laos "the Belt and Road" cooperation has moved from the traditional infrastructure field to the depth of resource development and industrial upgrading. This project is another major investment of CRBC in Laos after landmark projects such as the China Laos Railway, which reflects its strategic transformation from "channel building" to "industry revitalization". The project will focus on the abundant non-ferrous metal resources such as copper and gold in Huapan Province, and transform Laos' resource advantages into economic development advantages through modern and green mining and processing.Editor/Bian Wenjun