NDRC Recently Launched A New Effort

At the beginning of the year, the national development and Reform Commission (NDRC) recently launched a "vigorous effort" after heavily approving hundreds of billions of investments.

In May 20th, the national development and Reform Commission issued a plan for the urban rail pit construction of three places in Nanjing, Nanchang and Hohhot, with a total investment of 215 billion 191 million yuan.

This is the second batch of investment projects approved by the national development and Reform Commission within 3 days.

In May 18th, the national development and Reform Commission approved the recent construction plan for Tongliao to connect the Beijing Shenyang passenger dedicated express railway, Xuzhou to Huaian to Yancheng railway, Chifeng to Beijing Shenyang high speed rail Kazuo station railway, Ji'nan to Qingdao high-speed railway, and Nanning and Chengdu urban rail pit. The total investment of these 6 projects is 243 billion 577 million yuan.

So far, within a short span of three days, the national development and Reform Commission approved a total investment of 458 billion 768 million yuan, highlighting the obvious intention of steady growth under the pressure of economic downward pressure.

Data show that China's economic growth in the first quarter was 7%, although it was consistent with the annual target, but its growth rate was 0.4 percentage points lower than the fourth quarter of last year.

The meeting of the Central Political Bureau held in April 30th called for "to attach great importance to dealing with the downward pressure on the economy" and to "focus on the key role of investment".

The first quarterly economic review issued by the NDRC pointed out that the next step will focus on the key role of investment, carefully select investment projects, achieve market share and long-term returns, increase investment in short board accurately, and accelerate the construction of seven major investment projects, such as major network work and clean energy such as information grid, oil and gas, and so on.

The market expects that infrastructure investment will rebound significantly in the future.

In addition to making efforts in investment, the central level has also promulgated some important policies for steady growth recently.

Among them, the central bank has dropped 1 percentage points in April 20th and 0.25 percentage points since May 11th. In April 30th, the meeting of the Politburo issued a number of prescriptions for steady growth in terms of fiscal and monetary policies, consumption and real estate.

From the perspective of the local level, since May, more and more efforts have been made to ensure steady growth. Yunnan, Jilin, Guangxi, Jiangxi, Hubei and other provinces have issued targeted "local version" steady growth.

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Among them, Yunnan put forward 27, Jilin has 28, Guangxi has 48, Jiangxi has 22, Hubei has 23.

Specific objectives have been identified.

In May 18th, Yunnan promulgated the "opinions on promoting the smooth and healthy development of the province's economy", and put forward "to ensure that the provincial" four one hundred "key projects completed 100 billion yuan in the first half of the year, and completed the investment of 260 billion yuan in the whole year. Jilin proposed to accelerate the construction of 15 railway projects, the construction of 11 highway projects, the 12 water conservancy projects and 92 energy projects.

Guangxi is doing everything possible to do well.

In the opinion of the work, it was proposed that the investment in the two quarter was 463 billion 500 million yuan, the total amount in the first half of this year was 709 billion yuan, and that of the whole year was 46%. In Hubei, it was proposed to speed up the development of more than 100 million yuan of major projects, and strive for more than 9000 billion projects in the whole province, and the investment reached over 1 trillion and 500 billion yuan.

Guan Qingyou, executive director of Minsheng Securities Research Institute, told reporters that looking forward to the future, due to weak external demand, real estate downlink and overcapacity of manufacturing industry, the downward pressure on the economy is still large.

In this case, steady growth is placed in a more prominent position, and infrastructure investment plays an important role in stabilizing the economy.

Zhao Xijun, vice president of the school of Finance and finance of Renmin University of China, reminded that under the pressure of steady growth, the macro policy should be enhanced by pre regulation, more emphasis on structural reform, and new development momentum should be actively explored, so as to guide resources to new power as far as possible, so as to seek effective and quality growth.