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**What are the types of investments in capital construction projects? Depending on the management requirements, construction projects can be classified in various ways: (1) Classification by nature of construction. 1. A new project refers to a project that is started from scratch, beginning construction on empty land. Some construction projects start with a very small foundation; after the scale of construction is expanded, if the value of the new fixed assets generated exceeds three times the value of the original fixed assets, such projects are also considered new projects. 2. An expansion project refers to the construction of new main workshops or engineering projects by existing enterprises or institutions, in order to increase the production capacity (or efficiency) of their existing products, or to add new product production capabilities. 3. Renovation projects refer to those in which existing enterprises modify their existing equipment or facilities in order to improve production efficiency, increase the technological content, adopt new technologies to enhance product quality, or shift to the development of new products. Some companies, in order to balance their production capacity, build additional auxiliary or supporting workshops, as well as non-production-related facilities, which are also considered renovation projects. 4. Relocation projects refer to those in which existing enterprises or institutions, for various reasons and with the approval of their superior authorities, are relocated to another location for construction. In relocation projects that meet the criteria for new construction, expansion, or renovation, they should be treated as new construction, expansion, or renovation projects respectively. The relocation project does not include the part that remains at the original site. 5. A restoration project refers to a project in which, due to natural disasters, wars, or other reasons, an enterprise or institution loses all or part of its existing fixed assets, and subsequently invests to restore them to their original scale. If expansion is carried out simultaneously with restoration, it should be considered an expansion project. (II) Classified by the scale of construction. Capital construction projects can be divided into large-scale projects, medium-scale projects, and small-scale projects ； Renovation and upgrading projects are divided into projects above the quota limit and projects below the quota limit. Large, medium, and small capital construction projects are determined based on the total scale of construction or the total investment for the project. *Large and medium-sized projects are commonly referred to together as large and medium-scale projects. New projects are calculated based on their total design capacity or the required investment (total budget) ； The expansion project is calculated based on the additional design capacity resulting from the expansion or the investment required for it (the total estimated cost of expansion), and does not include the production capacity that existed prior to the expansion. However, the scale of a new project refers to the construction scale specified in the approved feasibility study report, rather than the long-term development scale envisioned in the strategic plan. For projects with a clear phased design and construction, the calculation should be based on the scale of each phase. The criteria for classifying capital construction projects as large, medium, or small are **prescribed**: projects are classified as large or medium-sized if their total investment exceeds 50 million yuan for those in the energy, transportation, and raw materials industries, and over 30 million yuan for other projects; those falling below these thresholds are considered small projects. (III) Classification by the role of the project in the national economy. 1. Productive projects refer to those that are directly used in material production or serve it directly; they mainly include industrial projects (including mining), the construction industry, projects related to the exploration of geological resources as well as those in agriculture, forestry, and fisheries, transportation and postal services, and commercial and supply-related projects. 2. Non-productive projects refer to those that are directly used to meet the material and cultural needs of the people, and mainly include projects in the fields of culture, education, health, scientific research, social welfare, public utility construction, as well as the construction of office facilities for administrative agencies and organizations. (IV) Classified by the construction process. 1. A project in the planning stage refers to a construction project that has not yet begun work, and for which various preparatory tasks prior to construction such as site selection, planning, and design are underway. 2. Construction projects refer to the construction projects that were actually carried out during the reporting period, including projects that started construction during this period, projects that continued from the previous period into the reporting period, projects that were suspended previously but resumed work during this period, and projects that were under construction during the reporting period and were completed and put into operation or suspended during the same period. 3. Projects put into operation refer to construction projects that, during the reporting period, achieve the production capacity (or benefits) specified in the design and are put into use accordingly, including both partially operational projects and those that are fully operational. 4. Completion projects refer to construction projects that have been completed and put into operation, for which acceptance procedures have been carried out and all designed capacities have been realized, but still require some minor finishing work to be completed. 5. Projects suspended or postponed refer to those that are stopped or delayed in construction during the planning period, in accordance with the available resources and the requirements for adjusting the national economy. (5) Classified by project work phases. 1. Preparatory projects refer to those for which project proposals have been approved, and for which feasibility studies are being conducted or preliminary design (or detailed preliminary design) is in progress. 2. Preparatory projects refer to those for which the feasibility study report and preliminary design (or detailed preliminary design) have been approved, and whose construction preparations are underway awaiting inclusion in the official plan. 3. New projects under construction refer to those for which the construction preparations are complete, which have been approved, and are scheduled to start construction during the reporting period. 4. Ongoing projects (including those that were completed and put into operation during the reporting period) refer to projects that began construction prior to the reporting period and continued to be built during that period. (VI) Classified by project affiliation. 1. Central projects, also known as projects directly under the ministry. It refers to construction projects of enterprises, institutions, and administrative units that are directly arranged and managed by the central competent departments. The basic construction plans for these projects are prepared, approved, and issued by the relevant central authorities. The required allocated materials and major equipment, as well as the problems that arise during construction, are all supplied and resolved directly by the relevant central authorities. 2. Local projects refer to construction projects of enterprises, institutions, and administrative units that are directly arranged and managed by local authorities at various levels, such as provinces, cities, autonomous regions, as well as prefectures (cities) and counties. The basic construction plans for these projects are formulated, approved, and issued by the local authorities at various levels, while the necessary materials and equipment are supplied directly by those same local authorities.