From January to February 2022, the economic development data of the northwest provinces will be released one after another. Judging from the data that has been released so far, the economic development of the five northwest provinces from January to February is generally good, the investment recovery is strong, and the local economy has achieved a steady start.

Fixed investment maintains double-digit growth, with significant regional differences in industrial investment

From January to February, the fixed asset investment in the northwestern provinces was between 12.4% and 18.8%, maintaining a double-digit growth rate. Specific to each province: Shaanxi's fixed asset investment from January to February increased by 13.7% year-on-year, 16.7 percentage points faster than the whole year of the previous year, and 13.2 percentage points higher than the average growth rate of the two years of the previous year; Xinjiang's fixed asset investment from January to February Investment increased by 17.9%; fixed asset investment in Ningxia 1-2 increased by 13.2% year-on-year, 11.0 percentage points faster than that in 2021, 10.1 percentage points faster than the two-year average growth rate in 2021, and 1.0 percentage points higher than the national level; Qinghai January-February The province's fixed asset investment increased by 18.8% over the same period of the previous year; Gansu's fixed asset investment from January to February increased by 12.4% year-on-year, and the growth rate was 2.9 percentage points faster than the two-year average growth rate in 2021.

In terms of industrial investment: From January to February 2022, the added value of industries above designated size in Shaanxi Province increased by 9.7% year-on-year, and industrial investment increased by 9.8%; the added value of industrial enterprises above designated size in Xinjiang from January to February increased by 7.3% year-on-year, and industrial investment data has not yet been released. ; From January to February in Ningxia, the added value of industries above designated size increased by 6.0% year-on-year, and industrial investment increased by 12.3% year-on-year; from January to February in Qinghai, the added value of industries above designated size increased by 16.2% year-on-year, and industrial investment increased by 14.2%; Gansu 1 -In February, the added value of industries above designated size in the province increased by 8.1% year-on-year, 0.4 percentage points faster than the two-year average growth rate in 2021, and industrial wages increased by 46.3%.

The investment in the three industries has grown in an all-round way, and the development of the five provinces has their own priorities.

Judging from the development of investment in the three industries in the five northwestern provinces, only Gansu Province experienced a negative growth in the investment in the primary industry, while the investment in the three industries in the other four provinces all showed a significant increase, but the focus of investment and development in each province was different. As can be seen from the above figure, the growth rate of investment in the three industries in Shaanxi is relatively balanced; Ningxia clearly focuses on the primary industry, and the growth rate of the tertiary industry is slow; Gansu prioritizes the development of the secondary industry, and the development of the primary industry and the tertiary industry is slow; Qinghai's development is similar, with the growth rate of the primary industry accelerating, followed by the tertiary industry, and then the secondary industry.

Specifically, the investment in Shaanxi's primary industry increased by 24.4% year-on-year, an acceleration of 23.1 percentage points over the previous year, the secondary industry increased by 9.6% year-on-year, an acceleration of 5.0 percentage points, and the tertiary industry increased by 14.4% year-on-year, an acceleration of 20.5 percentage points. The investment in Xinjiang's primary industry increased by 1.1 times year-on-year, the investment in the secondary industry increased by 11.6% year-on-year, and the investment in the tertiary industry increased by 20.2% year-on-year. In Ningxia, the investment in the primary industry increased by 1.2 times year-on-year, the investment in the secondary industry increased by 12.3%, and the investment in the tertiary industry increased by 1.1%. In Qinghai, the investment in the primary industry increased by 93.6% year-on-year, the investment in the secondary industry increased by 14.1%, and the investment in the tertiary industry increased by 29.9%. The investment in Gansu's primary industry decreased by 7.2% year-on-year, the investment in the secondary industry increased by 46.1% year-on-year, and the investment in the tertiary industry increased by 4.1% year-on-year.

Real estate investment has grown significantly, and new construction area has dropped significantly year-on-year

According to the data released so far, the real estate development investment in Xinjiang, Ningxia, Gansu and Qinghai in January-February 2022 increased by 7.2%, 19.3%, 11.9% and 14.9% respectively year-on-year, although the real estate investment in these four provinces still remained relatively high. However, due to the impact of capital and climatic conditions from January to February, the overall start-up of the five northwestern provinces was not satisfactory, the newly-started area dropped significantly, and the growth rate of housing construction area slowed down significantly.

From January to February 2022, the growth rate of housing construction area in the five northwestern provinces will slow down significantly compared with the same period in 2021. Among them, Shaanxi and Ningxia have negative growth, with a decline rate of 0.7% and 7.1%, respectively. Xinjiang, Qinghai, and Gansu have a growth rate of 12.8%, 10.3% and 5.8%. Compared with the same period in 2021, the growth rate has slowed down significantly, and the five provinces of Shaanxi, Xinjiang, Ningxia, Qinghai and Gansu have slowed down by 11.7%, 11.3%, 4.4%, 29.6% and 29.4% respectively compared with 2021. Judging from the data on the newly started real estate construction area in various provinces, there was a significant decline in the January-February 2021 year-on-year period, of which Xinjiang had the largest decline of 97.8%, and Shaanxi, Gansu and Ningxia fell by 24%, 13.2% and 49.5% respectively. %.

In 2022, the horn of infrastructure construction sounded, and the list of key projects in many provinces was released

Benefiting from policy support in 2022, the growth rate of infrastructure investment will accelerate significantly. From January to February, infrastructure investment in Shaanxi increased by 9.0%, 19.0 percentage points higher than that of the previous year; Xinjiang's infrastructure investment from January to February increased by 8.1% year-on-year, 7.7 percentage points higher than that of the previous year; infrastructure investment in Gansu and Qinghai Investment increased by 0.7% and 23.6% respectively year-on-year, and infrastructure construction continued to make up for shortcomings.

After entering March, as the temperature gradually warmed up, key projects in the northwest have started one after another, and the 2022 project list in most provinces has been announced one after another:

In 2022, Shaanxi Province will arrange 620 provincial key construction projects with a total investment of 1.9 trillion yuan and an annual planned investment of 462.9 billion yuan. Among them, Xi'an will arrange a total of 897 municipal key projects in 2022, with a total investment of 2.5 trillion yuan and an annual planned investment of 434.6 billion yuan.

"2022 Xi'an Middle Line Project List"

In 2022, Xinjiang Uygur Autonomous Region will implement a total of 370 key projects in five fields, including water conservancy, transportation, energy, industry, and people's livelihood, with a total investment of 2.17 trillion yuan and a planned investment of 270 billion yuan. The list is now published as follows:

"List of Key Projects in Xinjiang Uygur Autonomous Region in 2022"

The investment plan for major construction projects in Gansu Province in 2022 has been reviewed and approved by the provincial government, and has been issued and implemented in Ganzhengbanfa [2022] No. 11 document. There are a total of 234 projects, of which 80 are planned to be newly started, 138 are to be continued, and 16 are preparatory projects.

"List of Major Construction Projects in Gansu Province in 2022"

On March 18, 2022, Ningxia will start a total of 1,076 major projects, with a total investment of 504.2 billion yuan and an annual planned investment of 147.7 billion yuan. The total investment and annual planned investment will increase by 27% compared with the first batch of major projects started in 2021. , 29% and 37%, of which 569 were major “six hundred” projects, and the rate of resumption of work reached 74%.

The first batch of 1,184 major projects in Qinghai will resume work in 2022, mainly involving comprehensive transportation, clean energy, industrial transformation and upgrading, etc. The estimated total investment is more than 580 billion yuan, the annual plan is to complete 96 billion yuan, and the first quarter plans to complete nearly 20 billion yuan Yuan, covering the improvement of people's livelihood, urban infrastructure, industrial transformation and upgrading, clean energy, comprehensive transportation and other fields. Keywords: infrastructure, infrastructure construction, domestic engineering news, planning and investment

In general, from January to February 2022, the fixed asset investment in the northwest region has grown significantly, and the overall investment situation is off to a good start. Although the real estate construction in Northwest China was unsatisfactory from January to February, infrastructure construction played a significant role in underpinning, and key projects in various regions started one after another in March. With the steady advancement of the Belt and Road strategic concept, the Northwest region has huge potential for economic development, and will change from an open end to an open frontier. There are not only opportunities for transportation, urban construction and new energy projects, but also opportunities for deepening economic and trade cooperation with neighboring countries. For the northwest iron and steel industry, the steady increase in investment in the secondary industry and infrastructure construction will promote the optimization and upgrading of the local iron and steel industry while expanding domestic steel demand. Editor / Xu Shengpeng