Core point: Mao Tonghui, columnist of China Economic Network, believes that investment, as one of the "troika", has a large multiplier effect, rapid effect and obvious pulling effect. By giving full play to the guiding role of government investment and policy incentives and effectively stimulating and driving private investment, we can further stabilize market expectations and promote the sustained recovery of the economy.
Since this year, all regions and departments have accelerated the construction of major projects and continued to expand effective investment. Infrastructure construction, such as transportation, energy and water conservancy, has taken a vigorous step, and a large number of major projects have been accelerated. The data shows that in the first quarter, the national fixed asset investment (excluding farmers) increased by 4.5% year on year, 1.5 percentage points faster than the previous year, showing a steady recovery trend.
The Central Economic Work Conference at the end of last year proposed that we should stimulate potential consumption, expand effective investment, and form a virtuous circle of mutual promotion between consumption and investment. The economic and social system is a complex system with universal links and multi-dimensional diversity. As one of the "troika", investment has a large multiplier effect, rapid effect and obvious pulling effect. Effective investment is to optimize the investment direction and structure, promote the rational flow and effective allocation of resources and elements, and thus generate efficient returns and returns.
On the one hand, we should give play to the amplification effect of government investment. The government invests more in construction projects that are fundamental, long-term and fundamental. It should be noted that with the introduction of a series of support measures, the investment environment in various regions has been continuously optimized, the efficiency of resource allocation has been continuously improved, and the investment direction has become more precise. For example, Zhejiang has put forward the "1000 trillion" project, rolling forward about 1000 major projects every year, and completed more than 1 trillion yuan of investment, and completed more than 7 trillion yuan of investment in major projects in five years. This year, we will focus on scientific and technological innovation, advanced manufacturing, key infrastructure and other key areas to help improve the quality and upgrade of industries and constantly enhance industrial competitiveness.
On the other hand, we should maintain the steady growth of private investment. Private investment is an important force to promote economic development, expand investment and stabilize employment. In the first quarter of this year, private investment increased by 0.5% year on year. Excluding real estate development investment, private investment increased by 7.7%, and the growth rate further rebounded. Last year, the National Development and Reform Commission established a unified platform to promote projects to private capital relying on the national online approval and supervision platform for investment projects. According to the platform, as of April 8 this year, 6489 projects had been introduced to private capital nationwide, with a total investment of 6.04 trillion yuan. In the future, to further expand effective investment is to promote the development of private investment with greater strength and more practical measures, strengthen the guarantee of financing, land use and other factors, and continue to stimulate the vitality of private investment, especially focusing on cultivating new quality productivity, expanding investment in high-tech industries and strategic emerging industries. At the same time, it is also necessary to respond to practical concerns in a timely manner, so that private investment is willing to invest, able to invest, and comfortable to invest.
Further, consumption and investment are mutually reinforcing. The expansion of effective investment should also be in line with "better meet the people's needs for a better life". Whether it is to vigorously develop new types of consumption, such as digital consumption, green consumption and health consumption, or actively cultivate new consumption growth points, such as smart home, entertainment tourism, sports events, and domestic "trendy goods", it is necessary to promote investment in related industries and consumption scenarios. These investments are often in new fields and new tracks, which is conducive to accelerating the formation and growth of new drivers of development. At present, various places have taken action in succession. For example, eight departments including the Beijing Municipal Bureau of Commerce have recently issued the Action Plan for Promoting the Integration of Multiple Consumption Formats with High Quality Development, proposing to focus on cultivating seven types of diversified consumption integration scenarios, including blocks, near mountains and water.
Investment is both a vane of development and a booster of growth. By giving full play to the guiding role of government investment and policy incentives and effectively stimulating and driving private investment, we can further stabilize market expectations and promote the sustained recovery of the economy. (Mao Tonghui, columnist of China Economic Network)
The Economic Daily - China Economic Network Comment Theory Channel is open for submission, and original comments and theoretical articles can be sent to cepl # ce. cn (# is changed to @). See Economic Daily - China Economic Network Comment Theory Channel solicitation notice 。
Related articles: Effectively stimulate equipment renewal potential
Focus on expanding effective investment
