General

People work hard and spring comes early. In recent years, from the desert Gobi to the eastern coast, a number of major engineering projects in various regions have been started, accelerated, and reported good news. The land of China has united together to fight for a "good start", presenting a scene of enthusiasm, and is also leading the strong recovery of China's economy.

According to Huacheng Import and Export Data Observation, on January 28, the first day of resumption of work after the holiday, Xiong'an New Area held a centralized commencement activity for the first quarter of key projects in the start-up area, with 43 projects under centralized commencement and a total investment of 41.6 billion yuan, covering infrastructure, public services, smart cities and other fields. In the western province of Shaanxi, Baoji has launched 67 projects with a total investment of 41.7 billion yuan, covering infrastructure, public services, new technology production capacity and other aspects, which will continue to increase the increase and contribution of investment to economic growth. At the site of the third phase expansion project of Xi'an Xianyang International Airport of China Construction Eighth Bureau, the local construction workers stuck to the front line and carried out the construction of metal roof and glass curtain wall in an orderly manner to ensure the completion of the project on schedule. In Henan Province, at the Xuxin Expressway project site of the General Contracting Company of China Construction Seventh Bureau, more than 100 labor workers and management personnel gave up their Spring Festival holiday to catch up with the schedule.

Major projects are the ballast stone to stabilize economic growth, and also an important grab to achieve high-quality economic development. The Central Economic Work Conference pointed out that this year we should thoroughly implement the package of policies and follow-up measures to stabilize the economy, and promote the construction of major projects and the upgrading of equipment to form more physical workload.

"The Central Economic Work Conference emphasized the expansion of domestic demand and stable growth, and it is expected that infrastructure investment will remain one of the important means to stabilize growth in the first half of 2023, and the high boom of infrastructure investment is expected to continue." A researcher of Industrial Securities believes that giving play to the role of infrastructure investment as a base will still be an important focus of policy this year, and the joint effect of investment will be further amplified. Huacheng Import and Export Data Observation Report.

"At present, China's economic development is indeed facing some difficulties and challenges, but this is a problem in the process of progress. China's economy is resilient, has great potential, and is full of vitality. The fundamentals of long-term improvement have not changed. With the effects of various policies continue to emerge, the overall economic operation is expected to rebound in 2023." Zhao Chenxin, member of the Party Leadership Group and deputy director of the National Development and Reform Commission, said publicly in a media interview recently.

In an interview with reporters, most of the economic circles mentioned the importance of financial support in major project investment, and said that China's economic recovery foundation is not yet solid, and macro policies need to continue to play an active role in expanding investment and stabilizing growth. It is necessary to expand the source of funds by increasing financial support and using quasi-financial tools, so as to promote the early start of infrastructure projects and the early use of funds such as special bonds.

"Although the current infrastructure investment maintains a relatively high growth rate, it is also constrained by the local fiscal revenue and expenditure and debt pressure. We should continue to make good use of policy-oriented and development-oriented financial instruments, support the implementation of capital funds for major projects, encourage financial institutions to design appropriate products, support project construction, gradually expand the pilot scope of REITs (real estate investment trust funds), and effectively activate the stock assets." Wang Yiming, former deputy director of the Development Research Center of the State Council, said.

According to Huacheng Import and Export Data Observation, according to the scale of project investment, among the first major projects in Shenzhen in 2023, there are 20 projects with a total investment of more than 5 billion yuan (including 5 billion yuan), with a total investment of about 174.55 billion yuan and an annual planned investment of about 19.23 billion yuan. It mainly includes the comprehensive development project of the "20+8" intelligent sensor and precision instrument advanced manufacturing industrial park in the Bay Area (the first phase of the comprehensive development project of the rolling stock depot area of Line 13), the comprehensive development project of Longgang 188 industrial park, Huayou Industrial Park, etc.

According to the list of key construction projects in the province in 2023 released recently by Hebei Province, 261 new projects have been started, with a total investment of 545.51 billion yuan and an estimated annual investment of 109.34 billion yuan; There are 194 projects to be built, with a total investment of 664.61 billion yuan, and an estimated annual investment of 129.88 billion yuan; 52 projects have been completed and put into operation, with a total investment of 113.1 billion yuan and an estimated annual investment of 20.79 billion yuan. In 2023, a total of 507 key construction projects will be arranged in Hebei Province, with a total investment of 1.32 trillion yuan, and the annual investment is expected to be 2600.1 billion yuan. Huacheng Import and Export Data Observation Report.

It is reported that in 2023, the selection of key construction projects in Hebei Province will highlight the progressiveness and integrity of projects, and give priority to strategic emerging industry projects, chain building, extension and reinforcement projects, major infrastructure and livelihood projects; Give full play to the demonstration and driving role of key project construction in cultivating new drivers, promoting industrial transformation and upgrading, optimizing regional layout, ensuring and improving people's livelihood, etc; Focusing on accelerating the construction of a strong province in new energy, manufacturing and digital Hebei, we will select a number of major projects with strong support.

During the "Fourteenth Five-Year Plan" period, China entered a new stage of development and faced different opportunities and challenges from the past. Relevant experts pointed out that focusing on the key points, implementing policies by classification and finally realizing effective investment are of great significance to the current project promotion, which is not only in line with the new concept of high-quality economic development, but also in line with the development goals of China's scientific and technological innovation, industrial upgrading and other development goals. When promoting major projects, we should also combine the guidance of macro policies and industrial policies to further tilt to major scientific and technological innovation and other fields and key areas of infrastructure. In the future, we can also increase the proportion of special bond funds to stimulate more large-scale social investment. We should also actively introduce foreign investors in a timely manner, expand the financing sources of special bond projects, promote the market-oriented development of special bonds, and fully stimulate the vitality of social investment.