Major projects accelerate the promotion of infrastructure investment and support economic recovery

"By the end of the year, the investment will be completed nearly 300 billion yuan, and the physical workload will be formed as soon as possible to release market demand." The promotion meeting of major project construction of the National Power Grid Co., Ltd. held on August 3 emphasized that it will make every effort to promote the construction of major projects.

Since the second quarter, multiple departments and places have been re -deployed and reinstated in stable investment. Experts said that this round of stable investment highlights the characteristics of solving the problem of project capital, accelerating the progress of project construction, and forming a physical workload as soon as possible. It is expected that the year -on -year growth rate of infrastructure investment is expected to rise significantly. The year -on -year growth rate of infrastructure investment may reach 11 More than %will strongly support economic recovery.

Steady effort to speed up the project construction progress

Xin Baoan, chairman of the State Grid Co., Ltd., emphasized at the meeting to accelerate the progress of project construction. Ensure that Nanyang-Changsha, Jingmen-Wuhan UHV Exchange, the Internet of Guangdong and Guangdong's networking project, 4 Fengning in Hebei, and a pumping units in Jinzhai, Anhui will be put into production during the year, accelerating a batch of 750 kV and 500 kV key transmission and transformation project construction Essence

At present, the total investment of National State Grid Co., Ltd. under construction has reached 1.3 trillion yuan, which drives upstream and downstream investment of the industrial chain to exceed 2.6 trillion yuan. "We must carry out the preliminary work solidly." Xin Baoan said that to increase the early work of the "three friends and nine straight" UHV, and strive to start the construction of Wuhan-Nanchang, Zhangbei-Shengli, Sichuan-Chongqing connected, Huangshite high-pressure exchanges, gold Shang-Hubei, Longdong-Shandong, Ningxia-Hunan, Hami-Chongqing special high-voltage DC and other projects; the two-seater power stations in Zhuanghe and Niu Shushan, Ningxia, and Ningxia, and strive to approve 9 drawing projects.

The person in charge of the relevant departments of the National Energy Administration disclosed at the end of July that the first batch of large -scale wind power photovoltaic base projects have been fully started. The second batch of projects are mainly deployed in Inner Mongolia, Ningxia, Xinjiang, Qinghai, Gansu and other places. The preliminary work of the project and actively promote the construction of the project.

In addition, a large number of new projects have recently "railled" in many places. For example, on August 3, Ganzhou, Jiangxi started 242 projects, with a total investment of 160.9 billion yuan. On August 2nd, 48 projects in Fangchenggang, Guangxi started construction, with a total investment of 41.8 billion yuan, mainly involving new energy, green manufacturing, infrastructure, cold chain logistics, medical education and other fields. On July 30, Shandong Rizhao concentratedly signed 30 key projects, with a total investment of about 11.6 billion yuan, covering new chemical materials, automobiles and components, new generation of information technology, new building materials, cultural tourism and other fields. On July 29, Hainan held the first batch of projects to start the operation of the entire island of Free Trade Port. 9 projects started 9 projects, with a total investment of about 1.4 billion yuan.

From the perspective of high -frequency data, data such as cement and petroleum asphalt related to the project steadily rolled up, which also confirmed the situation of "busy work" of major projects. Wind data shows that from July 22 to 28, the operating rate of cement mills reached 48.22%, a 0.51 percentage point from the previous week. Since mid -February, the operating rate of cement abrasives has remained recovering, indicating that cement supply and demand is steadily recovering. Since July, the operating rate of oil asphalt has also picked up further.

Policy increase capital support strong

Behind major projects to accelerate landing and accelerate progress is the strong support of the policy. Experts said that this round of stable investment focuses on solving project capital problems and support projects such as special debt and policy development financial instruments as soon as possible.

The executive meeting of the State Council held on July 29 pointed out that effective investment in the development of effective investment in economic recovery and development. The meeting made it clear that the implementation of investment projects in the central budget was accelerated, and local bonds were urged to accelerate the use of special debt. The market -oriented method is made to make good use of policy development financial instruments. The support projects must meet the "Fourteenth Five -Year Plan" and other plans. Essence

The statement of the first half of the development and reform of the National Development and Reform Commission on August 1st will emphasize that the key role of investment in investment will be played, and the role of the coordination mechanism of important investment and important projects will be played. Financial instrument funds are put on and formed as soon as possible.

Policy development financial instruments are accelerating the significant effect of landing. On the one hand, some places said they will seize the opportunity to submit related projects. For example, the Shanxi Provincial Development and Reform Commission held a meeting on August 2 to clearly attach great importance to policy development financial instruments, seize the period of policy opportunities, grasp the key points of new construction in the third quarter, grasp the field of investment, find the point of view, and be precise. Submitting projects to improve the success rate of declaration.

On the other hand, policy development banks have spared no effort to grasp the landing of funds. For example, Kang, deputy governor of the Hubei Branch of Agricultural Development Bank, said that Hubei has reported to the National Development Reform Commission to push the Agricultural Development Infrastructure Fund project with 526 projects, with a total investment of 827.4 billion yuan, and a fund of 105.4 billion yuan. At present, the further screening of the application project is being promoted in an orderly manner, and it will soon be implemented in batches to effectively help Hubei's high -quality economic development.

In terms of special debt, the issuance link has been basically completed. The Ministry of Finance stated that it will urge localities to allocate special bond funds in a timely manner, compact the responsibilities of project units, and promote the formal workload of special bonds as soon as possible.

Investment growth is strongly supported to support steady growth

With the support of multiple departments, experts believe that the year -on -year growth rate of infrastructure investment will continue to rise, providing strong support for stabilizing the macroeconomic market and promoting the steady recovery of the economy. Zheng Houcheng, director of the Institute of British Securities Research Institute, said that under the context of the continuous performance of relevant departments' launching policies, infrastructure investment will still be an important grasp of the steady growth in the second half of the year and the "main force" of expanding domestic demand.

"It is expected that the investment data in July will be further recovered from June, and the year -on -year growth rate of infrastructure investment will continue to accelerate." Cheng Qiang, chief macro analyst at CITIC Securities, said that the construction industry activities index in the non -manufacturing procurement manager index in July compared to June It has been rebounded, indicating that infrastructure investment has a high degree of prosperity.

Zhang Wenlang, the chief macro analyst of CICC, predicts that the year -on -year growth rate of infrastructure investment will still be above 10%. He believes that in terms of physical workload, the asphalt that is closely related to road construction has basically the same period of the same period last year in the fourth week of June and continues to rebound in July. In terms of funds, special bonds will be accelerated in the third quarter.

From the perspective of the whole year, the Chief Economist Lu Political Commissar of Industrial Bank believes that the year -on -year growth rate of infrastructure investment is expected to reach more than 11%this year. In the second half of the year, the year -on -year growth rate of fixed asset investment may show a certain toughness. (Peng Yang Zhao Bai Zhi)

[Editor in charge: Wang Yuxin]

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