The National Development and Reform Commission (NDRC) 4 proposed new infrastructure institutions within 7 days. It is estimated that the key areas of new infrastructure investment will be 5G and rail transportation. The total investment scale may exceed 700 billion yuan.

On March 23, the State Council ’s joint prevention and control mechanism held a press conference on deepening the reform of “decentralization and management services”, advancing “Internet +” actions, and promoting “double innovation” to support employment expansion. At the meeting, the "hot word" new infrastructure was mentioned again, indicating that new infrastructure construction including 5G, data centers, and industrial Internet should be strengthened. Many experts said that the key areas of investment in this new infrastructure are 5G and rail transportation, with cumulative investment exceeding 700 billion yuan.

At the same time, the meeting also mentioned issues such as the resumption of production and resumption of production, the employment of migrant workers and fresh graduates, and made it clear that state-owned enterprises should expand the scale of recruiting fresh graduates.

NDRC mentions "hot word" new infrastructure

At this press conference, the NDRC mentioned the "hot words" of new infrastructure in March. Gao Zheng, Deputy Secretary-General of the National Development and Reform Commission, said that he actively used various funds from the central budget to strengthen the construction of new infrastructure, including 5G, data centers, and industrial Internet.

At present, the related work of the new infrastructure is steadily progressing. On March 21st, Zheng Jian, deputy director of the Basic Division of the National Development and Reform Commission, stated that the Central Deep Reform Commission had considered and approved opinions on promoting high-quality infrastructure development. For new infrastructure, the next step is to accelerate the development of high quality.

In response to the high-quality development of the new infrastructure, Zheng Jian said: First, innovative development. We must further strengthen planning guidance for new infrastructure construction, improve the policy environment, innovate relevant institutions and mechanisms, support the establishment of diversified demonstration and application scenarios, and strengthen forward-lookingness. Guided technology research and development and innovation, consolidating the foundation for development. The second is integrated development, which is to do a good job of comprehensive balance and connection coordination, strengthen resource integration and co-construction and sharing, promote collaborative integration, and improve the efficiency of resource element allocation.

"Among them, the new infrastructure is the main driving force to promote the optimization of traditional infrastructure services and improve efficiency. In the future, we will coordinate and promote the construction of more smart transportation, smart grid, and smart city projects, and build a foundation that meets the needs of the development of the smart economy and smart society. Facilities system. At the same time, it is necessary to speed up the repair of traditional infrastructure shortcomings. "Zheng Jian emphasized the role of new infrastructure in promoting traditional infrastructure at the meeting.

The Beijing News reporter combed and found that within seven days from March 17 to March 23, the Development and Reform Commission talked about four new infrastructure projects. On March 17, Liu Shihu, deputy director of the Investment Department of the Development and Reform Commission, said that the construction of new infrastructure such as 5G networks and data centers was accelerated, and more attention was paid to mobilizing private investment. On March 18, Director of the National Development and Reform Commission's Employment Income Distribution and Consumption Division Ha Zengyou said that when talking about new consumption, he will focus on accelerating the construction of a new generation of information infrastructure focusing on 5G networks and data centers, and work hard to promote information. Full service coverage. At the same press conference with Zheng Jian on March 21, Ou Hong, director of the Investment Department of the National Development and Reform Commission, also said that new infrastructure construction such as 5G networks and data centers must be scientifically demonstrated and promoted in an orderly manner. .

As early as March 4, a meeting of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China pointed out that it is necessary to increase public health services, invest in emergency material security, and speed up the construction of new infrastructure such as 5G networks and data centers. Attention must be paid to mobilizing private investment. The new infrastructure has attracted attention.

"Whether it is to stimulate the economy during the epidemic or the demand before the epidemic, overweight infrastructure is an expected thing." Zhao Xijun, deputy dean of the School of Finance and Finance of Renmin University of China, told the Beijing News that infrastructure construction has always been China's economic construction. It is an important part of the economy, and investment promoted by infrastructure construction is also an important driving force for China's economic growth.

Institutions: Total investment of 5G and rail transportation exceeds 700 billion yuan

What are the key tasks of this new type of infrastructure investment?

Li Jin, chief researcher of the China Enterprise Research Institute, said that there are three parts. The first is the major projects and infrastructure construction that have been clearly defined in the national plan. For the seven major urban agglomerations, there is still a lot of space for road and bridge construction in the long run, otherwise it will restrict economic and social development and bring serious problems such as traffic congestion and environmental pollution. Including the “Belt and Road” important towns like Yunnan, these infrastructure investments are still dominated by government investment. "Second, the investment in the field of public health services and emergency materials security is a problem exposed this time. It is urgently needed, and it also includes education, medical care, health and pensions. The infrastructure for upgrading people's livelihood and consumption is long-term consumption. This is a special case. Special measures can restore the economy as soon as possible, and the epidemic situation reflects our shortcomings, making up for shortcomings is a relatively clear investment direction. Third, new investment areas mainly include: 5G infrastructure, UHV, intercity high-speed railway and Inter-city rail transit, new energy vehicle charging piles, big data centers, artificial intelligence, industrial Internet, etc. These areas are the best combination of taking into account short-term stimulation of effective demand and long-term increase of effective supply. "Li Jin said.

Previously, Guangfa macro analysis said that the estimated investment scale of 5G base stations was about 240 billion-300 billion. The estimated investment scale of intercity expressways and urban rail transit is 540 billion to 640 billion. Ranked among the top two in the new infrastructure segment.

As of March 10, government work reports in 25 provinces and cities have mentioned new types of infrastructure, of which 21 regions have stated that they will promote 5G construction and layout, and 8 regions have clearly planned the number of new 5G base stations planned for the year. , A total of about 276,000. "Considering that China Unicom and Telecom's 5G base station investment plan for the first three quarters of 2020 is 250,000 and mobile construction plans are 300,000, it is conservatively estimated that the nation's 5G base station construction in 2020 will be about 600,000, and the cost per base station The average is about 400,000 to 500,000 yuan, and the total investment scale is about 240 to 300 billion yuan. "Said Guo Lei, chief macro analyst of GF Securities.

In addition, according to the statistics of the regional development and reform commissions (as of March 10), the urban rail transit projects (subway, trams) in 12 regions in 2019 have been approved by the national and provincial development and reform commissions. 59, the total project investment is about 970 billion yuan. About 29 of these lines are already under construction (2 are in trial operation) and the remaining 30 lines are expected to be fully constructed in 2020. "Considering that the urban rail construction cycle is usually longer than one year, the investment scale is expected to be about 40% -50% of the total investment during the year, that is, the urban rail investment scale is expected to reach 400 billion-500 billion yuan in 2020." Guo Lei said .

Guojin Securities also predicts that in the field of new infrastructure, the largest scale of rail transportation investment will be 500 billion yuan in 2020, followed by 5G and data centers, which will drive investment of 300 billion yuan and 100 billion yuan, respectively.

The number of 5G base stations in first-tier cities is over 10,000

The Beijing News reporter found out that in the 5G field, Beijing, Shanghai, Guangzhou and Shenzhen, as first-tier cities, are at the forefront in the construction of 5G base stations.

As of March 10, the Beijing Municipal Communications Administration released information showing that the city opened a total of 26,000 5G base stations and nearly 800,000 5G users, of which 8400 were shared by China Unicom and Telecom. According to the latest information from the Shanghai Economic Information Commission, as of the end of 2019, Shanghai has built more than 16,000 5G macro base stations and 13,000 5G indoor small stations, achieving full coverage of 5G networks in central urban areas and key suburban areas. In 2020, it is planned to invest 20 billion yuan to build a total of 30,000 5G macro base stations and 50,000 5G indoor small stations.

When Shenzhen held a video conference on the promotion of major projects and economic work on March 16, it was pointed out that 155,000 5G base stations were completed in Shenzhen in 2019. According to the plan, 30,000 5G base stations will be built this year, and a total of 45,000 will be built, and strive to be the first to achieve full coverage of 5G networks by the end of August. As a first-tier city, Guangzhou is also in the forefront in the construction of 5G base stations. Guangzhou Industry and Information Bureau reported on November 26 last year that the city's "digital economy" development status said that more than 12,000 5G base stations have been completed.

■ Other hot spots

About employment

State-owned enterprises want to expand the graduate recruitment

In addition to the new infrastructure, at the press conference, the relevant person in charge of the Development and Reform Commission also answered reporters' questions on issues such as the resumption of production and resumption of production, the employment of migrant workers, and the employment of fresh students.

Gao Yong mentioned that for migrant workers, the current focus is to actively and orderly promote the resumption of work and production, and guide the orderly employment outside. At the same time support local employment, and give priority to supporting the employment of poor labor. For college graduates, especially for this year's fresh graduates, their studies and jobs will certainly be greatly affected. The state will subsidize the recruitment of graduates from small, medium and micro enterprises. It is clear that state-owned enterprises will expand the scale of recruiting graduates and expand the scale of grassroots employment for two consecutive years, including some community posts. Actively create jobs by delaying acceptance.

"In general, although the current employment situation is severe, we must also see that our economy has strong resilience, potential, and room for manoeuvre. The fundamentals of China's long-term economic improvement have not changed, and the basic conditions for stable employment are also No change. Under the strong leadership of the Party Central Committee and the State Council, we are fully confident and qualified to overcome the epidemic, stabilize the economy, stabilize employment, and achieve high-quality development. "Gao Yan said.

About development

Digital economy will become an important engine of economic growth

Many SMEs reported that they were severely affected by the epidemic. In response, Wu Hao, director of the Department of High Technology of the National Development and Reform Commission, said that from the statistical data, the situation of SMEs returning to work and production is getting better, and the overall situation is also Motivated. For the current development of small and medium-sized enterprises, from the analysis point of view, although the epidemic situation has affected the short-term economic development, it will not change the solid foundation for long-term stable development, and the long-term stability of the Chinese economy will not change.

The conference also focused on the challenges of digital transformation for enterprises. Wu Hao said that in the future, the digital economy will become an important engine for economic growth, and the pace of digital transformation in various industries and fields will be greatly accelerated.

At present, there are indeed some problems and challenges in the transformation of many enterprises, especially for the majority of small and medium-sized enterprises, and some of them are still facing the dilemma of "transition is to die, not to die". Wu Hao said that our analysis believes that there are three main problems at present: one is insufficient transformation ability and “will not turn”, the other is high transformation cost and “ca n’t turn”, and the third is that the transition period is relatively long and “dare not turn". In response to the problems and challenges in the transformation of many enterprises, the National Development and Reform Commission has studied and formulated a series of policies such as Internet + and digital economy development in accordance with the decision-making and deployment of the Party Central Committee and the State Council. Three efforts are made to promote the digital transformation of enterprises.

Beijing News reporter Zhang Xinxin