[Infrastructure investment accelerated in many places]Infrastructure investment has picked up sharply recently, as evidenced by data released from a number of places. On the basis of major projects started in earnest in the first four months, new projects are being laid out in some localities. In addition, the large-scale construction of new infrastructure in 2023 will help accelerate the release of digital dividends. According to experts, there are many reasons for the acceleration of infrastructure investment, including sufficient project reserves, strong policy support such as land use, and a wide range of funding channels. In 2023, the central government will invest 640 billion yuan, an increase of 30 billion yuan over 2022. At the same time, 3.65 trillion yuan of local government special bonds will be allocated in 2023, much of which will be used for infrastructure investment. National Development and Reform Commission spokesperson Meng Wei said recently that the quota of special bonds for local governments to be used for construction projects in 2022 has been fully allocated. By the end of April, about 1.4 trillion yuan of special bonds had been issued in 2023. Editor/Xu Shengpeng
Alashankou Railway Port completed 13.155 million tons of freight traffic in the first three quarters, up 6.2% year on year, a record high and a vivid witness to the vitality of the the Belt and Road international intermodal transport corridor. This achievement is attributed to the continuous upgrading of infrastructure and the comprehensive improvement of operational efficiency. With the opening of the Jing-A Second Line, the port's standard gauge and wide gauge transportation capabilities have increased by 15% and 30% respectively; The renovation of the loading and unloading line completed this year has increased the daily loading and unloading capacity by 7700 tons, effectively ensuring efficient turnover of goods. In terms of operational coordination, the port has established a normalized coordination mechanism with customs, border inspection, and Kazakhstan, setting a record of receiving and dispatching 24 pairs of trains in a single day on a wide gauge, greatly improving customs clearance efficiency. At the same time, the China Europe freight train network continues to expand, with 125 routes now open, covering 21 countries. The goods category has expanded from daily necessities to more than 200 types such as automotive parts and precision machinery, achieving a leap from light small items to heavy equipment. This former border port is driving a new chapter of connectivity on the Silk Road in the new era through the dual wheel drive of hard infrastructure and soft connectivity. Editor/Cheng Liting
China Development Bank has actively provided high-quality services for the joint construction of the the Belt and Road. By the end of September this year, its international business has covered 118 joint construction countries. Since the 14th Five Year Plan period, it has issued loans amounting to more than 780 billion yuan.
In 2023, China Development Bank will establish a RMB 350 billion financing window to support joint construction projects in a market-oriented manner. Through diversified services such as project loans, fund investments, and green finance, we have not only supported the construction of major projects such as the Vientiane Saiseta Comprehensive Development Zone in Laos, but also provided precise support for the development of small and medium-sized enterprises in 33 African countries. As of the end of September, 39.4 billion yuan of special loans for stabilizing foreign trade have been issued, and 36.46 billion yuan of transfer loans have benefited over 10000 small and micro foreign trade enterprises.
The Bank coordinated and supported major landmark projects and small and beautiful livelihood projects, granted 23.39 billion yuan of special loans to small and medium-sized enterprises in Africa, directly created 270000 jobs, benefited 110000 farmers, and demonstrated the unique value of development finance in the joint construction of the the Belt and Road. Editor/Cheng Liting