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Major projects in many places have started in a concentrated way

       Sprinting the annual development goals and stabilizing investment is accelerating. Recently, major projects in Shenzhen, Yunnan, Fujian and other places have started intensively and construction has been stepped up. Among them, new energy and new infrastructure projects have become the "highlight". Analysts pointed out that the launch of major projects in many places has been accelerated, and financial support such as special bonds has accelerated and increased efficiency. It is expected that infrastructure and other investment in the fourth quarter are expected to stabilize and rebound, providing strong support for the completion of the annual economic and social development goals.

   Project construction is an important support for expanding effective investment and promoting high-quality development. Near the end of the year, many major projects started intensively. On November 5th, Hubei Province held a concentrated start of major projects in the fourth quarter of 2021. 805 projects were started in a concentrated manner, with a total investment of more than 452 billion yuan. Among them, 469 advanced manufacturing projects with an investment of 196.7 billion yuan; 123 modern service industry projects with an investment of 135 billion yuan; 140 infrastructure and ecological environmental protection projects with an investment of 87.8 billion yuan; 73 social and people's livelihood projects with an investment of 32.7 billion yuan .

   On November 3, Shenzhen’s fourth quarter of 2021 newly started projects will be launched in a concentrated manner. A total of 224 new projects have been started, with a total investment of about 445.53 billion yuan and an annual planned investment of about 22.3 billion yuan.

   In addition, a number of major projects have also been started in many places, including Dali Prefecture, Yunnan Province and Xiamen City, Fujian Province, covering multiple areas such as integrated transportation, urban construction, and ecological and environmental protection.

   Among the major projects that have started, new energy and new infrastructure projects have become the "highlight". For example, in Dali Prefecture, Yunnan, the Huaneng Yunlong Xinsongpo photovoltaic power generation project started this time is one of the 10 projects implemented in the first batch of new energy projects to "guarantee supply and promote investment" during the "14th Five-Year Plan" period of Yunnan Province. The planned rated installed capacity is 120,000 kilowatts, the total investment is about 680 million yuan, and the average annual power generation is 226 million kilowatt-hours. After the completion of the project, the annual average on-grid power will be about 226 million kwh, and the annual power generation income will be about 69.11 million yuan.

      The reporter learned from the National Development and Reform Commission that in mid-to-late October, the four provinces of Inner Mongolia, Gansu, Qinghai, and Ningxia organized and started a batch of large-scale wind power photovoltaic base projects focusing on desert, Gobi, and desert areas, with a scale of nearly 30 million kilowatts. , Kicked off the first batch of projects with an installed capacity of approximately 100 million kilowatts.

   Major projects related to new infrastructure construction are also accelerating. For example, the major projects that Shenzhen has started intensively include Han's CNC Industrial Park, Guoxian Technology's new display R&D and production base, and Fucheng Technology Industrial Park. On October 28th, China Mobile's Yangtze River Delta (Yangzhou) data center project held a groundbreaking ceremony. It is reported that the data center will help accelerate the development of Yangzhou big data, cloud computing, industrial Internet, artificial intelligence and other industries into the fast lane of development, and rely on China Mobile's 5G network and cloud computing capabilities to radiate the Yangtze River Delta region.

   Under the overall deployment of the strategy of expanding domestic demand, the promotion of "two new and one heavy" has become the main line of effective investment expansion throughout the year, and relevant major projects have continued to be solidly advanced. Driven by major projects, investment continued to grow steadily. According to data from the National Bureau of Statistics, in the first three quarters of this year, the national investment in fixed assets was 3,978.2 billion yuan, an increase of 7.3% year-on-year; an increase of 7.7% from January to September 2019, an average increase of 3.8% over the two years. Among them, infrastructure investment increased by 1.5% year-on-year, with an average growth rate of 0.4% over the two years.

  In the opinion of industry experts, the current acceleration of the construction of relevant major projects is not only conducive to the need for stable investment and stable economic growth during the year, but also conducive to the long-term layout of the future.

      "At present, investment in new infrastructure and new energy projects is an important force for stimulating investment and stable economic growth." Fan Ruoying, a researcher at the Bank of China Research Institute, told the reporter of "Economic Information Daily" that in the short term, stable growth requires finding new Starting point: In the long run, my country's economy is at a critical stage of growth momentum conversion and economic green transformation. Increasing investment in new infrastructure and new energy projects is conducive to adjusting the economic structure and conforms to the general trend of transformation and development.

       "Compared with traditional infrastructure, new infrastructure has the characteristics of high output efficiency and strong industrial driving force. The benefits of traditional infrastructure investment are often limited to a certain region and certain industries. New infrastructure uses information technology as a carrier to connect all parts of the country, Producers and consumers in various industries have greatly reduced transaction costs and improved transaction efficiency, and have the characteristics of public products, which can widely promote the development of the new economy." Luo Zhiheng, vice president of Yuekai Securities Research Institute, told the Economic Information "The reporter said.

   Accompanied by the intensive start of major projects, the local government actively deployed a series of measures to support the implementation of the project. At the same time, it planned to reserve the focus of the next step in advance to lay the foundation for the smooth development of work at the end of the year.

       On October 26, Guangdong Province held a special meeting to study and deploy the fourth quarter work, requesting to increase project planning and reserve work, solidly do a good job in the preliminary work of the project, and combine the new requirements of carbon peaking, carbon neutrality, and dual control of energy consumption to focus on " To make up for shortcomings, strengths and weaknesses," accelerate the planning and advancement of a number of projects in clean energy, transportation, and major scientific and technological infrastructure.

        On October 25, the Ningxia Hui Autonomous Region held a meeting to request that the central government’s budgetary investment, the Ningxia Hui Autonomous Region’s overall funding, the construction of major projects and key projects, and the construction of a number of new energy projects; Three lists of responsibilities and projects.

   Hebei Province has increased its efforts to reserve major projects, focusing on the "two new and one heavy", strategic emerging industries, industrial technological transformation, infrastructure and other fields to reserve a number of industrial support projects. It is reported that as of the end of September, Hebei Province has reserved 1,957 key pre-projects with a total investment of 2.1 trillion yuan.

   Luo Zhiheng said that as major projects accelerate their implementation, their counter-cyclical properties will be reflected, which will support fixed asset investment in the fourth quarter and early next year. At the same time, the Ministry of Finance currently requires local governments to "follow the project" to speed up the commencement of major projects, promote the formation of physical workloads at the end of this year and early next year, and form a marginal boost to investment in infrastructure construction, and promote investment recovery in the fourth quarter and early next year. .

   In his view, the next step is to promote the implementation of the current project as soon as possible. Strengthen the implementation of responsibilities, do a good job of linking funds and projects, and promote the construction of projects that should be started but not started in the fourth quarter, and the projects that should be completed but not completed are completed as soon as possible, and the physical workload is formed as soon as possible. At the same time, strengthen the follow-up major project reserve work, by combing and providing the list of major projects, screening and reserve high-quality projects in advance, to ensure that the capital can be started in a timely manner. In addition, further optimize the investment structure and expand effective investment. The investment structure is tilted towards "two new and one heavy" fields such as new infrastructure construction, new urbanization construction, and major project construction, leading capital investment in advanced manufacturing and infrastructure shortcomings with prominent multiplier effects, and expanding effective investment.

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