[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

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• 2026.08.12 10:35
• [CNPC new materials accelerate domestic substitution for overseas expansion]
• On August 7, 2026, CNPC's new material production from January to July was 3.134 million tons, a year-on-year increase of 59.9%, and the overall sales volume increased significantly. Faced with the sluggish global chemical production capacity, CNPC has improved its production, sales, research and application mechanism, tackled multiple high-end new materials, and achieved domestic substitution for multiple products. At the same time, seizing overseas opportunities, high-end chemical products have entered multiple countries overseas through China Europe freight trains, direct exports, and other means, continuously enhancing their competitiveness in the international market.Editor/Gong Ziwei

• 2026.08.12 10:28
• [Envision Energy wins 200MW offshore wind power project in Vietnam]
• Envision Energy has partnered with REE Energy in Vietnam to secure an order for a 200MW offshore wind power project in the 1A and 1B offshore areas of Fuqiang City. The project will provide 25 wind turbines across the Taiwan Strait, covering the entire service process. The unit is expected to be delivered in the second quarter of 2027 and connected to the grid in October of the same year. This is the largest project of Far East Energy in Vietnam, and the two sides have previously cooperated in wind power. The project can provide a replicable model for wind power in ASEAN, helping Vietnam develop renewable energy and promote net zero emissions. REE Group is a leading local new energy operator in Vietnam.Editor/Gong Ziwei