Give full play to the key role of investment (new economic orientation)

　　In Shanghai, state-level data exchanges and computing platforms have been accelerated to promote the digital transformation of the economy; In Sichuan, more than 170 rural railway bridges will be completed this year, benefiting 200,000 rural residents … … Since the beginning of this year, all localities and departments have made great efforts to stabilize investment, enhance the key role of investment in optimizing the supply structure, and promote the rational growth of investment. How to improve the investment environment, stimulate investment vitality and solidly promote high-quality economic development? The reporter interviewed relevant experts.

　　The investment structure has been continuously optimized, with strong investment support in infrastructure and high-tech industries.

　　The total investment is 13.5 billion yuan — — In July this year, the first phase of Contemporary Amperex Technology Co., Limited’s battery factory project in Yichun, Jiangxi Province was put into production. In just 18 months, the factory building rose from the ground. "The factory is equipped with four super intelligent production lines. It takes only 1.5 seconds to produce a group of batteries after production, and the annual output can assemble 500,000 electric vehicles." Tang Jianhua, operation director of Yichun Times, introduced.

　　Since the beginning of this year, investment in key areas of the country has maintained rapid growth. From January to July, investment in infrastructure and manufacturing increased by 6.8% and 5.7% respectively, both faster than the growth rate of all investment. Du Yue, deputy director of the Comprehensive Office of the Investment Research Institute of China Macroeconomic Research Institute, believes that the continuous optimization of investment structure and the increasing pulling effect of infrastructure and manufacturing investment have further played a key role in optimizing the supply structure.

　　Innovative kinetic energy continues to consolidate and release. The successful commercial operation of domestic large aircraft, the installed capacity of industrial robots accounting for more than 50% of the world, and the performance verification of new technical components of a new generation of EMUs have been completed. By promoting technological innovation and transformation and application, the high-end, intelligent and green transformation has been promoted, and the industrial upgrading situation has continued. From January to July, investment in high-tech industries increased by 11.5% year-on-year, and investment in scientific research and technical services increased by 23.1% year-on-year.

　　The leading role of investment in large projects has been enhanced. In the first half of the year, the investment in projects with a planned total investment of 100 million yuan or more increased by 10.9% year-on-year, and the growth rate was 0.2 percentage points higher than that from January to May. The contribution rate to the total investment growth increased by 10 percentage points from January to May.

　　Investment, as one of the "Troika" driving economic growth, plays an important role in China’s economic development. "The physical quantity formed by investment creates demand in the short term and supply in the medium and long term, which is of great significance for promoting the effective connection and smooth circulation of all links in the national economy. It is not only a strong support for steady growth, but also an important carrier for accelerating the construction of a modern industrial system." Wei Qijia, director of the Industrial Economics Research Office of the Economic Forecasting Department of the National Information Center, said.

　　Focusing on the key areas and weak links of the national economy, we will continue to release the investment potential.

　　In the first half of the year, the National Development and Reform Commission approved 91 fixed assets investment projects with a total investment of 701.1 billion yuan, mainly in energy, high technology, transportation, water conservancy and other industries. The interviewed experts believe that to give full play to the key role of investment, we must accurately grasp the investment direction, focus on the key areas and weak links of the national economy, continuously release the investment potential, and improve the quality and efficiency of investment.

　　At present, all localities and departments focus on solving practical problems in economic and social development and continue to promote investment in key areas such as transportation, energy, water conservancy, ecology and people’s livelihood.

　　Carry out infrastructure construction ahead of schedule. The construction of Haba Snow Mountain Tunnel on Yunnan-Tibet Railway has been completed, the continuous construction of Hetao large irrigation area and the modernization project have been accelerated, and the middle section of the third line of west-east gas transmission and the fourth line of west-east gas transmission are at the peak of construction … … In the first half of the year, China’s investment in transportation fixed assets was 1.83 trillion yuan, a year-on-year increase of 9.1%; The investment in key energy projects exceeded 1 trillion yuan, a year-on-year increase of 23.9%.

　　Promote the construction of new infrastructure. Du Yue said that since the beginning of this year, investment in new infrastructure construction has maintained rapid growth, with a growth rate of 16.2% in the first half of the year, accounting for 0.4 percentage points higher than that in the same period of last year, laying a solid foundation for medium and long-term innovation and development.

　　Strengthen the construction of major projects to ensure people’s livelihood needs. Accelerate the aging and renovation of urban pipelines, increase the service facilities of inclusive old-age care and medical care, and continuously improve the fitness facilities around the masses … … From January to July, investment in electricity, heat, gas and water production and supply industries increased by 25.4%. From January to July, 46,600 old urban communities were newly renovated nationwide, benefiting 7.95 million households.

　　Du Yue suggested that promoting effective investment will play a greater role in economic recovery and high-quality development, and we should continue to promote the interaction between investment and consumption. On the one hand, we will increase the demand for traditional bulk consumption such as automobiles and household appliances, actively develop service consumption and emerging consumption, and give play to the traction role of consumption in manufacturing investment; On the other hand, optimize the investment structure around consumer demand, increase investment in related fields such as consumer infrastructure, consumer scenarios and logistics facilities, and investment and consumption promote each other, forming a strong synergy to expand domestic demand.

　　Give full play to the leading role of government investment and stimulate the vitality of private investment

　　The National Development and Reform Commission recently issued the Notice on Further Grasping the Work of Promoting Private Investment and Trying to Mobilize the Enthusiasm of Private Investment, proposing to give full play to the important role of private investment, and strive to keep the proportion of private investment in fixed assets investment at a reasonable level, so as to further optimize the private investment environment, further enhance the willingness of private investment and further enhance the vitality of private investment.

　　Private investment is an important force to promote economic development, stabilize overall investment and expand social employment. Since the beginning of this year, the growth of private investment has been under great pressure. "We must not only have the determination to promote the growth of private investment, but also fully understand the difficulties and complexity that private investment growth may face and maintain patience and determination." Zhang Peiyuan, Ph.D., Investment Research Institute of China Macroeconomic Research Institute, believes that private investment still has strong growth momentum and room for growth. With the gradual improvement of the internal and external environment and the introduction of a series of favorable policies, it is expected to stabilize and improve.

　　Stabilize expectations and enhance investment confidence. "In a predictable market and social environment, private enterprises are more motivated to engage in innovative activities and long-term investment." Shen Li, an associate researcher in the Economic Forecasting Department of the State Information Center, said that the Opinions of the State Council, the Central Committee of the Communist Party of China on Promoting the Development and Growth of the Private Economy issued in July proposed that the adjustment procedures of enterprise-related policies should be implemented according to the law and regulations, and a reasonable transition period should be set according to the actual situation. This move will help stabilize and guide the expectations of private enterprises and enhance the confidence of private investment.

　　Strengthen service and enhance investment ability. Zhang Peiyuan suggested that all localities should regularly promote private investment projects, support private capital to participate in major projects, introduce corresponding policies and measures in terms of tax relief, loan interest subsidies and financial subsidies, and strengthen the factor guarantee of key private investment projects.

　　"Both government investment and private investment are indispensable." Du Yue believes that to continue to give full play to the leading role of government investment, it is necessary to speed up the issuance and use of local government special bonds, and promote a number of projects that complement shortcomings, benefit people’s livelihood, benefit both the present and the long term, and form a physical workload as soon as possible. At the same time, with the formulation and implementation of the debt package plan, local government debt risks will be effectively prevented and resolved, and investment capacity will be enhanced.