Many big projects are ready to begin

A slew of big projects, with total investment of more than 10 trillion yuan ($1.58 trillion), are about to kick off in a number of Chinese provinces and regions in the new year.

As local governments aim for growth quality and sustainability, most of these projects will be in strategic and emerging industries, such as high-end equipment manufacturing and information technology, as well as infrastructure construction related to transportation and energy.

For example, East China's Shandong province is ready to launch 900 projects with total investment of 4 trillion yuan this year, according to the province's development and reform commission. Most of the projects cover emerging industries - such as renewable energy, new materials and high-end equipment manufacturing - and infrastructure construction including the building of high-speed railways and airports.