CCTV News
(News Network): General Secretary Xi Jinping emphasized the need to improve and expand investment mechanisms and expand effective investment space. Since the beginning of this year, high-quality development of services has become an important focus for expanding effective investment. The scale of investment has continued to grow, and the quality of investment structure has continued to improve, helping China's economy achieve a smooth start.
Data released in the first two months of this year reveal new changes in the investment field. The year-on-year growth rate of national fixed asset investment has accelerated significantly compared with the whole year of 2023. Among them, the growth of manufacturing investment reached 9.4%, and high-tech industries accounted for 9.4% of the entire investment. than continues to improve.
Private investment gradually stabilized, with the growth rate turning from negative to positive, and its proportion in overall investment increased by 2.2 percentage points compared with last year.
The progress of major projects has accelerated, with investment in projects worth 100 million yuan and above increasing by 12.1% year-on-year, and the growth rate is 2.8 percentage points faster than that of 2023.
The continuously increasing investment momentum is injecting new impetus into the economic recovery.
General Secretary Xi Jinping attaches great importance to the key role of effective investment. He pointed out that it is necessary to appropriately deploy new infrastructure construction in advance, expand investment in high-tech industries and strategic emerging industries, and continue to stimulate the vitality of private investment. The Central Economic Work Conference proposed that effective investment should be expanded this year to form a virtuous cycle in which consumption and investment promote each other.
This year, the investment within the central budget and the scale of new local government special bonds have increased compared with last year. Most of the additional treasury bonds issued last year will also be used this year. In addition, 1 trillion yuan of ultra-long-term special treasury bonds will be issued. The scale of government investment is significantly higher than last year. The amplification effect driven by the increase will also continue to appear.
Investment direction is more precise. In the first two months, strategic emerging industries such as artificial intelligence and data centers generally accounted for more than 50% of the major projects started in various places. At the same time, investment support has been increased to strengthen areas of weakness and strengths and weaknesses. In She County, Anhui Province, the Xinan River Basin flood control project has started construction. About 40% of the total investment of 2.5 billion yuan came from the additional 1 trillion treasury bonds issued at the end of last year. After the construction of the project is completed, the 150,000 local people will bid farewell to the threat of floods.
Element configuration is more efficient. Since the beginning of this year, my country has continued to strengthen the protection of land, energy and other factors in response to the implementation of major national strategies and the construction of security capabilities in key areas. In the first two months, the area of advance land for construction projects approved in my country increased by more than 70% year-on-year. The operating rate of key projects in various regions has reached over 60%.
The investment environment is more convenient. This year, we will carry out in-depth rectification of outstanding problems in key areas of the construction of a unified national market, deepen the reform of the investment and financing system, optimize the business environment, and support more effective investments with larger market space and lower investment costs. (CCTV News Client)