Cranes and excavators are busy! Big data statistics show that in February this year, the operation time of cranes and excavators increased by 32.7% and 3.5% year-on-year. The average operation volume in March continued to increase steadily compared with the previous two months. As a micro indicator for observing economic changes such as fixed asset investment, the "excavator index" recently jointly released by Sany Heavy Industry and Shugen Internet shows that although affected by multiple factors such as the epidemic, the cumulative construction hours of various construction machinery in China have maintained a steady growth since this year, and the recovery of infrastructure investment has accelerated. Investment is one of the "troikas" driving economic growth. According to the statistics of the National Bureau of statistics, from January to February this year, the national fixed asset investment increased by 12.2% year-on-year, 7.3 percentage points faster than the whole year of last year. "All regions and departments have implemented the spirit of the central economic work conference, actively promoted the construction of major projects, and strengthened the guarantee of capital and other elements, with continuous results." Fu Linghui, director of the comprehensive national economic statistics department of the National Bureau of statistics, said. It is reported that in the fourth quarter of last year, 1.2 trillion yuan of local government special bonds were issued, and the new special bond limit of 1.46 trillion yuan in 2022 was issued in advance, driving the growth of investment. From January to February this year, among the sources of national fixed asset investment funds, the national budget funds increased by 33.9% year-on-year, which strongly supported relevant investments. Expanding effective investment is an important measure to promote the steady growth of domestic demand. Since the "counting from the east to the west" project was fully launched in February this year, the cluster construction of 10 national data centers is accelerating. In Gui'an cloud data center of China Unicom, phase II construction planning and preliminary preparations for civil construction are being vigorously promoted. Guizhou plans to implement the action of greatly improving digital facilities, accelerate the construction of computing infrastructure, integration infrastructure and innovation infrastructure, and strive to invest 17 billion yuan in the field of big data in the whole year. Focusing on promoting high-quality development, investment in high-tech industries has maintained a high growth rate since this year. From January to February, the national investment in high-tech industry increased by 34.4% year-on-year, 17.3 percentage points faster than that in 2021. "New kinetic energy is an important force to support the sustained and steady recovery of China's economy. China will increase investment in innovation fields such as high-tech industries, and will form a new competitive advantage in the corresponding industrial chain in the future." Said Li Chengjian, deputy director of the second Research Office of the macro Department of the development research center of the State Council. Investment in infrastructure and people's livelihood maintained a growth trend. From January to February, infrastructure investment increased by 8.1% year-on-year, 7.7 percentage points higher than that of the previous year; Investment in education and health increased by 19.8% and 29.3% respectively. The improvement of old residential areas and the construction of underground comprehensive pipe gallery have become one of the key points of stable investment this year. Accelerate the transformation of old urban communities and strive to improve the basic living conditions of 8.4 million households; We will improve service facilities for the convenience of the people and carry out the aging and upgrading of gas pipelines... The key tasks for the development of new urbanization and urban-rural integration in 2022 issued by the national development and Reform Commission has listed the specific list. From the perspective of investment leading indicators, from January to February, the number of newly started projects increased by 1.1 times year-on-year, and the total investment of newly started projects increased by 62.8%. "While investment picks up rapidly, we should also pay attention to improving investment efficiency, which should not only be conducive to the current stable growth, but also benefit the long-term and prevent ineffective and inefficient investment." Fu Linghui said that in the next stage, we should focus on the major national strategies and the outline of the 14th five year plan, actively expand effective investment, make good use of special government bonds and funds in the central budget, leverage social investment, encourage private investment and optimize the investment structure. Making good use of government bonds and expanding effective investment is an important measure to drive consumption, expand domestic demand and promote steady employment growth. The government work report pointed out that we should make good use of government investment funds to drive the expansion of effective investment. This year, it is planned to arrange 3.65 trillion yuan of special bonds for local governments. At the executive meeting of the State Council held on March 29, it was clear that we should pay close attention to issuing the amount of remaining special bonds and give preference to areas with strong solvency and sufficient reserves for projects. The quota issued in advance last year will be issued before the end of May, and the quota issued this year will be issued before the end of September. Luo Yifei, chief statistician of the investment department of the National Bureau of statistics, said that with the continuous effectiveness of the national policy of stabilizing growth and investment, the investment in the next stage is expected to maintain a good growth trend as a whole. (Xinhua News Agency)