Fixed asset investment increases in Luohu despite pandemic influences
Thanks to the district government's work plan to advance fixed asset projects in Luohu, the district has seen its fixed asset project investment increase to 14.84 billion yuan ($2.12 billion) from January to May. This is an increase of 7.8 percent year-on-year, and it represents 40.44 percent of the district's planned investment for this year. As a result, Luohu ranks first among all the districts in Shenzhen.
It is not easy for Luohu, a densely populated district, to achieve such a feat, particularly given difficulties presented by the new coronavirus outbreak.
In the first two months of this year, Luohu saw a negative growth of its fixed asset investment, which fell 10.23 percent year-on-year.
According to the work plan, every project has a deadline, people in charge and supervisors, and this has prompted relevant people and departments to put in the extra effort and ensure the project can be fulfilled on time.
Liu Zhiyong, head of the Luohu district government, said, "The challenges posed by the pandemic have been unprecedented. But it is the government's duty to make sure the planned investment can be carried out and relevant projects are advanced. With such momentum, Luohu will assume a new appearance in five years."
The district government also keeps a close watch over projects once they are initiated, and it pays special attention to providing all the assistance necessary to guarantee smooth progress.