The excavator "dances"! "Work hard" everywhere, adding vitality to economic development

　　Chinanews.com, February 4 (Xie Yiguan, China News Finance reporter) The iron arm of the excavator is raised high, the loading truck shuttles back and forth, the welding light shines on the scaffolding, and the construction workers are busy in a tense and orderly manner...

　　With the end of the Spring Festival holiday, a large number of major projects in many places across the country have started intensively, and the construction scenes in full swing have injected vitality into the regional economic development.

On January 31, the site of the intensive start-up of major projects in the first quarter of 2023 in Wuhan.

Photo by Zhou Gang

" Work hard "

everywhere

　　In the first week of construction in the Year of the Rabbit, the busiest places may be the construction sites all over the country.

In order to achieve a "good start" for the economy in the first quarter, all localities have stepped up their horsepower.

A reporter from Zhongxin Finance and Economics noticed that recently, key projects in Henan, Shaanxi, Yunnan and other places have started intensively, sounding the "assembly call" to speed up construction.

　　On January 28, the first day after the Spring Festival holiday, Henan Province ushered in the seventh phase of "three batches" project construction activities. Thousands of projects were signed, started, and put into production. Among them, 1,271 projects were started. The total investment is 1.6 trillion yuan.

　　On the same day, 795 key projects in Shaanxi Province started construction in the first quarter, with a total investment of 564.6 billion yuan and an annual investment of 228.5 billion yuan; Yunnan Province held a major industrial project scheduling and start-up promotion meeting in the first quarter of 2023, and planned to start 675 projects in the first quarter of this year , with a total investment of 197.3 billion yuan and an annual planned investment of 76.4 billion yuan.

　　In Xiong'an New District, Hebei, the construction of the "Rail Transit Artery" from Beijing Daxing International Airport to Xiong'an New District is stepping up.

On January 28, Xiongan New Area held a concentrated start-up activity for key projects in the first quarter of 2023. A total of 43 projects were started with a total investment of 41.6 billion yuan.

　　On January 31, the centralized start-up of major projects in the first quarter of 2023 in Wuhan was held. A total of 30.5 billion major projects participated in the centralized start-up, with a total investment of 302 billion yuan, covering advanced manufacturing, modern services, infrastructure, people's livelihood improvement and Eco-environmental protection and other key areas.

　　"Among the various driving forces or elements that promote stable economic growth, the most important thing is consumption investment. In the field of investment, the start of construction of related projects is particularly important." Zhao Xijun, co-dean of the China Capital Market Research Institute of Renmin University of China, told Zhongxin Finance Reporter said.

On January 28, the Xiongan New Area's key projects in the first quarter of 2023 started the intensive construction activities.

Photo by Liu Xiangyang

　　"Judging from the current situation, all localities are taking actions relatively quickly and launching relevant investment projects one after another, which also reflects the determination of the localities to promote stable economic growth." Zhao Xijun believes that as long as this kind of action can continue and continue to achieve results, it will have a positive impact on the overall economy this year. Restoring growth plays a very important role.

Many places have set annual

　　Key projects in many places have started intensively. At the same time, some provinces and cities have also announced the investment situation of key projects for the whole year of 2023.

　　For example, Guangdong will arrange 1,530 provincial key construction projects this year, with a total investment of about 8.4 trillion yuan and an annual planned investment of 1 trillion yuan; Fujian will determine 1,580 provincial key projects in 2023, with a total investment of 4.09 trillion yuan and an annual planned investment of 6,480 yuan. What?

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　　Judging from the recent concentrated construction projects in various places and the disclosed annual list of major projects, new infrastructure such as 5G, UHV, intercity expressways, and big data centers have become one of the investment priorities.

　　In addition to announcing investment plans for key projects, many places have also set "small targets" for investment in 2023.

　　Guangdong, whose total GDP has ranked first in the country for 34 consecutive years, recently clarified the goal of "ensuring an 8% increase in fixed asset investment throughout the year, and achieving double-digit growth in infrastructure investment and industrial investment."

　　Ruan Qing, deputy director of the Shanghai Municipal Development and Reform Commission, said at a press conference on January 29 that considering major project arrangements and funding elements, the annual fixed asset investment target is set to increase by about 5%, and the total scale will exceed 10,000. A new level of 100 million yuan.

　　Suzhou, known as the "strongest prefecture-level city", also set a goal of "fixed asset investment growth of about 5%" in 2023.

　　Du Yue, deputy director of the General Office of the Investment Research Institute of the China Academy of Macroeconomic Research, believes that giving full play to the key role of investment is conducive to joint efforts from the two aspects of improving the quality and efficiency of the supply system and expanding current demand to promote the overall improvement of economic operation and achieve Effective improvement of quality and reasonable growth of quantity.

On January 29, in Fuzhou, Fujian, China Railway workers worked at the construction site of the Binhai Express Line.

Photo by Wang Dongming

"Real money" arrangement to ensure the smooth development of the project

　　To promote the implementation of important investment projects and play the key role of effective investment in high-quality development requires the support of "real money".

　　The National Development and Reform Commission recently stated that at the national level, around the Spring Festival, a batch of central budgetary investment will be issued to support the construction of major projects in the new infrastructure field.

　　The National Development and Reform Commission also mentioned that "funds and elements follow the project", continue to make full use of the experience and practices of promoting effective investment in important project coordination mechanisms, and make overall use of central budgetary investment, local government special bonds, and policy-based development finance. Tools, structural monetary policy tools, manufacturing medium and long-term loans and other funds to strengthen factor protection.

　　To strive for financial support and expand effective investment, all localities are also taking action.

　　Ai Xuefeng, director of the Guangdong Provincial Development and Reform Commission, said at a press conference recently that he will actively promote a number of new projects to be included in relevant national plans and plans, and strive for support from the national policy funds and land use, and strive to exceed the amount of special bonds based on Guangdong this year than last year.

　　Recently, the Shanghai Municipal Government issued the "Shanghai Action Plan for Improving Confidence, Expanding Demand, Stabilizing Growth and Promoting Development", mentioning that the national policy development financial instruments (funds), special bonds, medium and long-term loans for the manufacturing industry, and infrastructure REITs should be used well. We will expand investment policies and tools, accelerate the issuance and use of local government special bonds in 2023, and do a good job in the reserve and declaration of key projects.

　　In Zhao Xijun's view, during the construction of an investment project, apart from preliminary work such as design planning and feasibility study, the most important point in the actual operation is the financing arrangement.

"Only when the funds are in place, can the project be carried out smoothly and form an effective physical workload."

　　"Therefore, when the project starts to be implemented, it is a very important task for the local government and the project implementers to ensure the continuous supply of project funds." Zhao Xijun said that as far as the current situation is concerned, in terms of funding arrangements, the central government and relevant departments With various policy support, the local government will also determine the supply plan of relevant funds and some corresponding arrangements according to the characteristics and scale of the project.

　　Recently, many places have disclosed the 2023 budget report.

The data shows that the quota of special bonds approved in advance in many places in 2023 has increased compared with 2022.

For example, the budget report of Hebei Province shows that the amount of special bonds approved in advance in 2023 is 128.6 billion, an increase of 73.8% compared with last year.

　　Zhao Xijun said: "At present, an important channel for raising funds is to issue bonds through the bond market to provide financial guarantees for the smooth progress of key projects. At present, all localities attach great importance to the issuance of local government special bonds to raise funds to support local key projects. "(over)