Intensive deployment of central and local governments to boost manufacturing investment in “14th Five-Year Plan” key projects
Source: Beijing Economic Information Daily reporter Guo Qian reports
At the beginning of 2022, major projects have started in many places, among which manufacturing projects such as electronic information, new materials, and high-end equipment have become the highlight of the investment layout. The reporter of “Economic Information Daily” noticed that recently a new round of measures is being intensively deployed from ministries and commissions to local governments to step up efforts to promote stable industrial growth and boost manufacturing investment. On the one hand, start the implementation of the key engineering projects in the industrial and information fields that have been identified in the “14th Five-Year Plan” as soon as possible, and promote the construction of new infrastructure; on the other hand, increase support for digital and green transformation of enterprises to enhance development through transformation and upgrading stamina.
On January 5, Zhejiang held a concentrated start-up activity for major projects to expand effective investment across the province in 2022. 358 projects with a total investment of 638.6 billion yuan, of which 191 are industrial projects focusing on digital economy, new materials, and biomedicine, accounting for 53.4% . On January 4, major projects in Sichuan Province will start in the first quarter of 2022. A total of 100 major projects of more than 1 billion yuan have been organized, with a total investment of 232.2 billion yuan. Among them, 51 are strong infrastructure projects in the field of innovation and industry, with an investment of 127.7 billion yuan. . On the same day, major projects in Shanghai’s Pudong New Area will start in 2022, including 23 major industrial projects, covering key industries such as electronic information, life and health, automobiles, high-end equipment, and advanced materials, with an investment of more than 120 billion yuan.
At the same time that projects in many places are intensively started, a new round of deployment is being intensively carried out from ministries and commissions to local governments to stabilize industrial growth and take various measures to boost manufacturing investment.
The Ministry of Industry and Information Technology recently held a national industrial and informatization work conference to deploy six key tasks in the industry and communications industry in 2022. Among them, “strive to boost the industrial economy and provide strong support for stabilizing the economic market” was put in the first place, and clearly deepened the integration of production, striving to boost manufacturing investment.
Local governments will also expand effective investment in the industrial sector and consolidate the industrial base as their target tasks in 2022. For example, the Guizhou Provincial Industry and Information Work Conference in 2022 proposed that the focus of project construction should not be relaxed, the scientific monitoring of industrial operations, the overall use of various funds and funds in a market-oriented manner, the strengthening of financial support for project construction, the expansion of effective industrial investment, and the focus Consolidate the industrial base and increase the amount of new industrial growth. Sichuan proposed to focus on stable production and increase in enterprises, stable growth in key industries and fields, and investment in manufacturing, and earnestly do a good job in stabilizing industrial growth, especially the start of the first quarter of 2022.
“Reasonable and effective investment is a key factor that determines the future supply structure and economic structure, and enhances the potential for medium and long-term economic development. At present, my country’s industrial economy is in a critical period of transformation and upgrading, improving quality and efficiency, and manufacturing investment is driving my country’s economic growth. In particular, the healthy development of the industrial economy plays an important role. It is necessary to use’stabilizing investment’ as the starting point, rationally expand effective investment, stabilize manufacturing investment at a reasonable level, and promote high-quality economic development.” China Electronics Information Industry Development Research Institute Planning Institute Li Yang, director of the Industrial Investment Research Office, told the reporter of “Economic Information Daily”.
It is worth noting that speeding up major projects, major projects, and new infrastructure construction are becoming an important focus for stable investment in the manufacturing industry. Xiao Yaqing, Minister of Industry and Information Technology, recently stated that he will focus on boosting manufacturing investment. For the key engineering projects in the industrial and informatization fields that have been identified in the “14th Five-Year Plan”, the implementation should be started as soon as possible if conditions are met.
A few days ago, the National Development and Reform Commission and the Ministry of Industry and Information Technology jointly issued the “Implementation Plan on Revitalizing the Operation of Industrial Economy and Promoting High-quality Industrial Development”, which is clear to promote the implementation of major projects and take effect. Speed up the implementation of major projects in the “14th Five-Year Plan” plan, major regional strategic plans and clear annual work arrangements, promote the implementation of major projects with conditions, and start construction as soon as possible. Deploy a batch of new infrastructure projects in 5G, gigabit optical network and other fields.
In addition, local governments are also actively planning a new batch of key projects in the manufacturing sector. Henan recently proposed that it will implement project investment support actions, implement the trillion-dollar manufacturing investment upgrade project, strengthen the support of new technological transformation, and strive to sign 1,000 advanced manufacturing projects, start 2,000 projects, and complete 2,000 production projects every year. The “Fourteenth Five-Year Plan for High-quality Manufacturing Development in Nantong City” recently released by Nantong, Jiangsu, proposes to strengthen the introduction of large projects, improve the quality of investment, optimize the investment structure, and strive to have 10 projects exceeding 10 billion yuan and 100 projects exceeding 1 billion yuan each year. Manufacturing projects are under construction.
At the same time, the digital and green transformation of enterprises will also become the focus of investment deployment. Xiao Yaqing said that he will encourage and support enterprises to increase investment and guide financial institutions to increase their support for digital and green transformation of enterprises. Previously, Zou Lan, Director of the Financial Markets Department of the People’s Bank of China, stated at the State Council’s regular policy briefing that he would increase financial support for technological innovation and manufacturing, and promote banking financial institutions to list manufacturing technological innovation and technological transformation loans separately. Scale, implement preferential internal fund transfer prices, appropriately increase risk tolerance, and increase mid- and long-term loans to the manufacturing industry.
“In my country’s industrial economy, traditional industries account for as much as 80% of the industrial added value, and they are still the mainstay of the industrial economy. Technological transformation is an important way for enterprises to digitally transform, transform to low-carbon, and upgrade to high-end. It is driving the growth of industrial investment. The main force.” Li Yang said that accelerating the use of digital technology to transform traditional industries in an all-round and full chain has a huge market space, which will help promote the development of industrial economy to achieve steady improvement in quality and reasonable growth in quantity.
Zhu Minghao, associate professor of Beijing Jiaotong University and executive director of the China High-end Manufacturing Research Center, told the reporter of “Economic Information Daily” that under the goal of “dual carbon” development, manufacturing enterprises are facing a new situation of green and low-carbon transformation, and there is huge investment in green transformation. Incremental space, equipment transformation, process transformation, emission treatment equipment and other related fields are expected to accelerate growth.
Industry experts said that it is necessary to further improve industrial economic protection measures and increase manufacturing financing support. Li Yang said that it is necessary to make good use of the technological transformation and investment-oriented planning platform to encourage banks to increase investment and financing support for the construction of manufacturing innovation centers and digital green transformation projects. Research and explore the pilot projects of REITs in industrial parks, in addition to industrial land, the revitalization of industrial production equipment will be included in the scope of REITs support. At the same time, innovate financial products and support methods, support financial institutions to integrate corporate non-financial information, develop credit loans, intellectual property pledge loans, equity pledge loans and other credit businesses, support the development of industry chain financial services, and develop online accounts receivable financing, Supply chain financing bill business.
Zhu Minghao suggested that financial funds should give priority to supporting enterprises to carry out digital and green production line transformation, and form industry-oriented, small and medium-sized special digital green solutions, social capital should avoid “short-term input and short-exit”, and pay more attention to the manufacturing industry The long-term income of the enterprise realizes the benign integration of industrial development and financial capital.
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