Major infrastructure and manufacturing projects launched in China in the first quarter of 2025 saw a robust growth, with large-scale projects leading the expansion and reinforcing the economy's upward momentum, according to the latest data from the State Taxation Administration.

In the first three months, the number of large-scale projects surged by 41.8 percent year-on-year, with 182 major initiatives each valued at more than 1 billion yuan ($138 million) breaking ground during the period.

The total investment in these projects reached 340 billion yuan, reflecting a 39.1 percent increase over the same period last year, the administration noted.

Transportation projects led the construction boom, with key projects such as the Linyi section of the Weifang-Suqian High-Speed Railway in East China's Shandong Province and the G322 expressway project in East China's Jiangxi Province.

The first quarter also saw strong momentum in high-tech investment. East China's Anhui Province launched a new project to build a production line for advanced display screens, with an investment of 2 billion yuan. Meanwhile, East China's Zhejiang Province began constructing a science park for AI core components.

The number of smaller projects valued below 5 million yuan also grew, with 17,000 initiatives launched, marking a 4.8 percent year-on-year increase. These smaller projects, often focusing on improving people's livelihoods, reached a combined investment of nearly 28 billion yuan, up 7.2 percent year-on-year.

Tax authorities have pledged consistent policy support to ensure projects completion, in a bid to advance high-quality development of the broader economy.

China's fixed-asset investment rose 4.2 percent year-on-year in the first quarter of 2025, 1 percentage point higher than the full-year growth rate of 2024. The investment totaled 10.32 trillion yuan during the period, according to the National Bureau of Statistics (NBS).

Investment in infrastructure construction rose 5.8 percent from a year earlier during the period, while manufacturing investment rose by 9.1 percent during the same period, according to data provided by NBS.

(Source: Xinhua)