China Approved Infrastructure Projects More Than 10 Trillion Last Year.

An anonymous person familiar with the matter said that China's national development and Reform Commission said in a notice to solicit opinions that in order to support the financing of key areas and key projects and promote stable and rapid economic development, it is not restricted by the quantitative indicators of debt issuing enterprises for the project financing of seven types of major investment projects and so on.

Issuing strategic emerging industries, pension industry, and

Special bonds in key areas such as the construction of urban parking lots are not restricted by the quantity index of debt issuing enterprises.

The NDRC has also considered reducing the threshold of corporate bond issuance appropriately, making it more important for urban investment enterprises and general enterprises.

The requirements were relaxed to 65% and 75% respectively, and the corresponding asset liability ratio of the main rating AAA should be further relaxed to 75% and 80%.

The NDRC also plans to raise moderately.

And the bond risk warning line, which belongs to the general production and operation category, is mainly issued by the enterprises operating in the market, and the income and profits are not linked to the local government debt rate.

The balance of the enterprise bonds and medium-term notes issued by enterprises in this region generally does not exceed the GDP 8% warning line of the previous year to 12%.

The above measures have not been implemented.

The NDRC did not immediately respond to the fax that Bloomberg sought to comment.

Note: in January, the Chinese State Council approved the seven major infrastructure projects with a total investment of more than 10 trillion yuan, including more than 7 trillion yuan this year. The seven major investments made by the national development and Reform Commission contain more than 400 projects.

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The examination and approval of non administrative licensing of government departments at various levels is a "partial door" which leads to the overflowing of administrative examination and approval. Now this "partial door" will be blocked.

The State Council has recently cancelled a number of non administrative licensing examination and approval matters, and has adjusted a number of non administrative licensing examination and approval matters to the internal examination and approval of the government. Since then, the examination and approval category of non administrative licensing examination is expected to become a history.

What is the examination and approval of non administrative licensing? Most people do not understand it. Even the departments that set up these approval items are not necessarily clear.

But this "common sense" is a "hot topic" for public problems.

From the "proof that your mother is your mother" to the "one year old child's innocence certificate", residents and businesses are suffering.

Most of these proofs and censorship are not expressly prescribed by law, and some are based on a notice of a certain department.

Some local departments issue a "red tape" to add a set of approval processes, and set up a charging or qualification project after a set of management initiatives.

This kind of non administrative licensing examination and approval is not only a multitude of names but also layers of code, which leads to the government's hands getting longer and longer, the management more and more detailed, and the management effect is getting worse and worse.

The existence of "partial door" of administrative examination and approval not only increases the cost of social operation, but also tends to breed corruption and corrupt law and discipline and social ethos.

Statistics show that there are more than 100 documents related to the growth of life. To get these documents out, 100 chapters need to be covered by more than 60 departments, and 20 more certificates are charged.

The qualification related to enterprises is time-consuming, and some fees can be up to tens of thousands of dollars at a time, causing heavy burden to small and micro enterprises.

It is precisely because of the burden of disguised approval that many residents and enterprises turn to "go through the back door" to seek convenience. As a result, all kinds of power rent seeking "hidden rules" are formed.

To abolish the examination and approval of non administrative licensing is to block the "right list".

The State Council abolished the non administrative licensing examination and approval items at the same time, and pferred some of the items that were really needed into "internal management matters". The purpose is to let people's lives and enterprises' production completely decouple from the examination and approval of non administrative licensing, so that non administrative examination and approval will be eliminated not only from concept but also from substance.

At present, the difficulty of canceling the non administrative licensing examination and approval project is still in place.

Since 2014, the State Council has asked all parts of the country to clean up non administrative licensing examination and approval projects.

Some places have been cleared and cancelled, but some places still give the word "intended to cancel".

To make this kind of examination and approval truly become history, on the one hand, local governments at all levels must take the courage of self revolution to put the decentralization and decentralization measures into practice.

On the other hand, we should carry out the goal of responsibility, strengthen accountability, and push the local authorities to work hard.

Letting power run in the sun is an effective way to block "secret door" and "partial door".

The results of the examination and approval of non administrative licensing shall be made public and accepted by the public.

We should abolish a fixed item in the form of "power list" to prevent the examination of the left hand from pressing down and be supported by the right hand.