Over 10000 major projects have started construction, stable investment has been increased, and new infrastructure construction has been strengthened
As an important lever for stabilizing growth, stable investment is increasing efforts and accelerating progress. Yuan Da, Director of the Policy Research Office and spokesperson of the National Development and Reform Commission, stated on the 18th that the commission has accelerated the progress of central budget investment allocation, with over 80% allocated in the first quarter to ensure the funding needs of key construction projects. Major local projects are also intensively underwaycommence workAccording to incomplete statistics, nearly 20 provinces started more than 10000 key projects in the first quarter alone, with a total investment of nearly 5 trillion yuan. Among the key projects under construction, there are many new types of infrastructure such as 5G, artificial intelligence and industrial Internet.
In the new round of stable investment regulation policies, traditional infrastructure such as transportation and water conservancy are focusing on filling gaps, while new infrastructure has become an important pivot for high-quality investment. In addition to maintaining efforts to fill gaps in the infrastructure sector and expanding effective investment, this year we will formulate and introduce a plan for high-quality development of infrastructure. At the same time, we will innovate project financing methods, appropriately reduce the capital ratio of infrastructure and other projects, and attract more private capital to participate in the construction of key projects.
Tens of thousands of major projects are intensively starting construction
The construction of major local projects is progressing vigorously. According to incomplete statistics from the Economic Reference Daily, in the first quarter of 2019 alone, nearly 20 provinces in China started more than 10000 key projects with a total investment of nearly 5 trillion yuan. Among them, Sichuan has started 1703 major projects with a total investment of 875 billion yuan. Hebei Province has started 557 key projects at the provincial and municipal levels, with a total investment of 661.7 billion yuan. Fujian has started 253 major projects with a total investment of 300.1 billion yuan. Zhejiang province has concentrated on the construction of 600 major projects with a total investment of 753.9 billion yuan.
Signs of investment rebound have emerged. According to the National Bureau of Statistics, in the first quarter, the national fixed assets investment (excluding farmers) was 10187.1 billion yuan, up 6.3% year on year, 0.2 percentage points faster than that in January and February. Infrastructure investment increased by 4.4%, with a growth rate 0.1 percentage points higher than that of January and February.
Lin Zhiyuan, Deputy Director of the Macro Economic Research Center at Xiamen University, pointed out in an interview with the Economic Reference Daily that most major local projects are infrastructure projects. The growth rate of fiscal expenditure in the first quarter has significantly increased, and the issuance progress of special bonds and urban investment bonds has accelerated. This "fiscal shift" provides strong support for the recovery of infrastructure investment growth. It is expected that the funding side will continue to increase in the second quarter, and infrastructure investment will continue to rebound.
Yuan Da said that this year's central budget has allocated 577.6 billion yuan in investment, an increase of 40 billion yuan from last year. The National Development and Reform Commission has accelerated the progress of central budget investment allocation, with over 80% allocated in the first quarter, ensuring the funding needs of key construction projects. Next, we will further increase our efforts, promptly issue the remaining investment plan, and urge all regions to accelerate the implementation of investment plans.
国家发展改革委基于全国投资项目在线审批监管平台汇集的拟建项目数据预判，2019年基础设施投资有望中速增长，是“稳投资”的重点发力方向。
新一轮投资加码新基建
以人工智能、工业互联网、物联网、5G为代表的新型基础设施建设成为新一轮投资亮点。日前，10个总投资136亿元的工业互联网项目集中落户浙江桐乡。南京栖霞开工33个重大产业项目，人工智能及其相关产业项目就有20个，总投资111亿元，投资额占比49.1%。
5G投资布局尤其火热。广东明确投资10亿元，在广州、深圳密集城区开展5G网络建设，建设基站规模超过2700个。今年9月底，上海全市范围内将全面完成不少于5000个5G基站建设。各大运营商2019年也将加大5G基站的投资布局。中国电信2019年拟在5G建设方面投入90亿元，中国联通2019年预计投入60亿至80亿元建设5G网络。
“包括5G、人工智能、工业互联网、物联网等细分领域，业内测算今年将有数千亿投资。新型基建及其带来的产业投资将在一定程度上弥补传统基建增长乏力的问题，助力经济稳增长。”毕马威企业咨询（中国）有限公司基础设施投融资合伙人李炜告诉《经济参考报》记者。
摩根士丹利华鑫证券首席经济学家章俊表示，从新型基建涉及的几大领域看，每个行业投资需求规模都是上万亿级别。虽然短期内应用层面还没有完全打通，但已经成为经济的新增长点。
林致远表示，新型基建是对传统基建的拓展，肩负稳增长和促创新的双重任务。新型基建将带动新一代信息技术、高端装备、新材料、新能源等行业的发展。“这些新型基建既是实现产业转型升级的关键，也能激发更多的新增需求，正是高质量发展所需要的。”林致远说。
创新基础设施投融资模式
扩大有效投资是当前稳投资的政策取向。袁达介绍，今年一季度，国家发展改革委共审批核准固定资产投资项目50个，总投资3703亿元，其中审批34个，核准16个，主要集中在能源、交通运输、高技术等领域。
根据国家发展改革委发布的《2018年全国固定资产投资发展趋势监测报告及2019年投资形势展望》，积极落实“稳投资”政策，深入挖掘未来投资增长空间，下一步可以集中发力的有效领域包括高端制造业领域，新型基础设施领域，资源、环境等生产要素领域等。
其中，在高端制造业领域方面，要加快推进制造业技术改造和设备更新，加大关键技术、高端装备以及核心零部件和元器件领域投资，尤其重视集成电路、发动机、人工智能减速器等高技术产业项目投资。在新型基建上，将研究规划新一代信息技术基础应用投资发展方案；积极储备、推介优质投资项目，创新新领域基础设施投融资模式。
值得一提的是，今年还将制定出台基础设施高质量发展实施方案。盘古智库高级研究员吴琦告诉《经济参考报》记者，基础设施高质量发展，要做好顶层设计和政策协调，做好前瞻性规划和超前布局。重点加大新型基建投资力度，优化基础设施投资结构。大力提升基建新技术和信息化应用水平，促进提质增效。
今年还将创新项目融资方式，适当降低基础设施等项目资本金比例，用好开发性金融工具，吸引更多民间资本参与重点领域项目建设。“要着力引入民间资本参与基础设施建设，形成多元化的投融资体系，同时探索基础设施建设的商业可持续模式，提升建设效益。”吴琦说。
信息来源： 经济参考报
