According to a research report by CICC, the Yaxia Hydropower Project was officially launched in July this year. Drawing from past precedents, the project is anticipated to span a construction period of 10 years, with an estimated average annual investment of around RMB 120 billion. This investment constitutes approximately 0.85% of the total infrastructure investment for 2024 and is projected to decrease incrementally each year thereafter. The Yaxia Hydropower Project is expected to stimulate infrastructure investment by approximately 0.8% annually. In the immediate term, the cumulative multiplier effect on infrastructure investment is less than 1, but over the long haul, the positive spillover effects of capital are forecasted to elevate the cumulative multiplier to approximately 1.7 times. In terms of short-term economic impact, the project may contribute less than 0.09% to GDP annually. However, in the long run, the RMB 1.2 trillion investment is poised to catalyze an additional RMB 2.04 trillion in GDP over a decade, averaging an annual boost of roughly 0.15%. Furthermore, Chinese assets may experience a surge of trading opportunities fueled by domestic demand policies in July.