Accurate Development Of Major Projects And Stable Investment Is Still The Focus

Novel coronavirus pneumonia cannot do without the negative impact of the new crown pneumonia epidemic in the short term or the long-term promotion of high-quality development. After a sharp decline in the first quarter, China's investment in fixed assets rose rapidly by 20.9 percentage points in the second quarter, achieving a positive growth of 4.8%.
On July 17, the national development and Reform Commission said at a news conference in July that since this year, all localities and departments have resolutely implemented the decisions and plans of the Party Central Committee and the State Council, accelerated the construction of major projects, continued to increase the strength to make up for weaknesses, paid close attention to the implementation of various policies for stable investment, and made great efforts to deal with the impact of the epidemic since this year 。
For the overall performance of investment in the first half of the year, Peng Yongtao, director of the investment department of the National Bureau of statistics, summed up in three sentences: infrastructure investment, manufacturing investment, and private investment continued to narrow; investment growth in livelihood security, high-tech and other fields accelerated; the planned total investment of new projects and investment funds in place rebounded rapidly. The emergence of the above investment highlights has sent a positive signal to the outside world that the market is expected to further improve.
From the perspective of some key indicators, China's real economy investment is in the process of rapid recovery, especially in high-tech industries, which fully reflects the strong resilience and potential of China's economy. In the first half of the year, China's investment in high-tech industries increased by 6.3% year-on-year. Among them, the investment in pharmaceutical manufacturing, e-commerce services, and the service industry for transformation of scientific and technological achievements all exceeded double-digit growth.
With the continuous optimization of investment structure, the regional distribution of stable investment tends to be more coordinated. In the first half of this year, the total number of regions with positive investment growth increased steadily. According to statistics, 22 provinces in China have achieved positive growth, of which 6 have achieved a growth rate of more than 5%. In terms of regions, investment in the eastern region decreased by 0.7% year-on-year, 3.3 percentage points lower than that from January to May; the investment in the central region decreased by 11.9% and 3.2 percentage points; the investment in the western and northeast regions increased by 1.1% and 0.4% respectively, and decreased by 0.9% and 2.0% respectively from January to May .5%。
Stable investment is an important work in the second half of the year. According to the head of the Construction Department of the State Railway Group, a number of key projects, including Yinchuan Xi'an high-speed railway, the Hebei section of Beijing xiong'an New District intercity railway, Hefei anqing high-speed railway and Huai'an Zhenjiang railway, which are planned to open in the second half of this year, are progressing in an orderly manner and will be opened on schedule. It is estimated that 4400 km of new railway lines will be opened this year, including 2300 km of high-speed railway.
"This year, in arranging the investment within the central budget, we have followed the principle of concentrating our efforts on major, difficult and urgent matters, adjusted the investment structure in a timely manner, and increased support for the construction of public health prevention and treatment capacity, the construction of medical and other emergency materials support system, the construction of medical waste disposal facilities, and the restoration of flood damaged projects and post disaster reconstruction in severely affected areas. Up to now, more than 90% of the investment in the central budget has been released, which has played a positive role in guiding and driving the weak points and stabilizing investment. " Yuan Da, director of the Policy Research Office of the national development and Reform Commission and spokesman, said that in the next step, the development and Reform Commission will continue to work with relevant parties to focus on the key links such as the national major strategy, the "two new and one heavy" and other key links and weak areas, accurately raise funds, carry out precise projects, promote the construction of major engineering projects, reasonably expand effective investment, and further play a good role in investment Key role.
In recent months, some localities have intensively introduced investment expansion policies and released a number of major investment projects. These measures not only boost market confidence, but also cause market people's worry about "strong stimulus" and "flooding". In fact, expanding investment does not mean strong stimulus, and high-quality development cannot simply be equated with reducing the contribution rate of investment. In the context of increasing downward pressure on the economy and intensifying external risk challenges, expanding effective investment is a key measure to stabilize the basic economic situation.
"In order to better understand the actual situation of local governments, we regularly dispatch the economic operation of all regions of the country, especially the key provinces, every month. From the recent dispatching situation, the indicators of major economic provinces in China are further rising." Yan Pengcheng, director general of the comprehensive Department of the national development and Reform Commission, said that there are conditions and foundations for China's economy to maintain a stable and rebound trend in the next step.