According to the Fujian Provincial Development and Reform Commission, Fujian has assigned 1,593 provincial key projects for the year 2024, with a planned annual investment of RMB 680.7 billion. In the first quarter (Q1), actual investments reached RMB 200.3 billion, representing 29.4% of the annual plan. This surpasses the schedule and marks a stable and strong start to the year.

In Q1, investments in key projects throughout the province surpassed the planned targets, with progress on key projects moving forward in unison. Leading the way are Quanzhou, Zhangzhou, and Fuzhou. Meanwhile, Fujian has launched a higher number of major projects ahead of schedule in Q1. Construction has begun on 165 major projects, including the Zhangzhou-Shantou High-Speed Railway, the SABIC Fujian Petrochemical Complex, and the No. 3 Unit of Zhangzhou Nuclear Power Plant. The total investment for these projects reaches RMB 255.1 billion.

The investment performances in provincial key projects across various sectors in Q1 have shown bright spots in the development of a new Fujian in the new era, highlighting themes of “Prosperous Fujian, Innovative Fujian, Happy Fujian, and Beautiful Fujian”.

The industrial sector has received investments amounting to RMB 100.3 billion, making up 32.9% of its annual plan. This marks a rise of RMB 5.2 billion compared to the same period in 2023. In particular, key projects in the electronic information segment have achieved 41.8% of the annual investment plan, surpassing the overall industrial sector by 8.9 percentage points.

Investments in agriculture, forestry, and water conservancy have reached a total of RMB 8.5 billion, making up 27.4% of the annual plan of this sector. Specifically, key projects in the fisheries segment have completed 35% of its annual investment plan, exceeding the overall agriculture, forestry, and water conservancy sector by 7.6 percentage points.

Investments in urban-rural construction and eco-environmental protection have reached a total of RMB 30.8 billion, making up 29.3% of the annual planned investment in this sector. Particularly, key projects for inland river rectification have completed 46.2% of the annual investment plan, which is 16.9 percentage points higher than the overall sector.

The service sector has attracted an investment of RMB 13.7 billion, accounting for 31% of its annual plan. Specifically, key projects in the segments of information services and creative industries have completed 37.1% of their annual investment plan, outstripping the overall service sector by 6.1 percentage points.

Investments in social undertakings have reached RMB 10.3 billion, accounting for 34.2% of the annual plan in this sector and marking a RMB 1.3 billion increase from the same period in 2023. In particular, key projects in the health and elderly care segment have completed 52% of its annual investment plan, outperforming the broader social undertakings sector by 17.8 percentage points.