Intensive deployment and finalization of economic "task list" in various regions

2023-08-24

To achieve the annual goal, the local development and reform commission held intensive meetings to finalize the "task table" for the next stage of economic work. The reporter from Economic Reference Daily noticed that in order to consolidate the positive trend of economic recovery and play a key role in investment, many regions have proposed to comprehensively accelerate project construction progress and promote the implementation of more private investment projects. At the same time, various regions are also accelerating the adjustment of development momentum, promoting the supplementation of industry chains and forging strengths, and creating characteristic pillar industries according to local conditions. With a long-term perspective, a series of key areas of reform, including optimizing the business environment, will also be deeply promoted. Since August, local development and reform commissions have successively held work meetings for the first half of the year, benchmarking the annual goals and tasks, arranging and deploying the next stage of economic work, continuously promoting the continuous improvement of economic operation, and enhancing endogenous momentum. Among them, playing a key role in investment and accelerating the construction of major projects has become a top priority. Hubei Province proposes to accelerate the promotion of major projects, strengthen project commencement, construction, planning, and services, and improve investment quality and efficiency to ensure the overall situation. Shanxi Province has proposed to take strong measures to coordinate and promote the coordinated efforts of infrastructure, social livelihood, real estate, and private investment, and fully reverse the unfavorable situation of investment downturn. Since the beginning of this year, investment has continued to grow, but due to multiple factors, the growth rate of investment has slowed down. During the deployment of economic work in the second half of the year, the Central Political Bureau emphasized the need to "actively expand domestic demand" and better leverage the government's investment driving role. The relevant person in charge of the Development and Reform Commission of Ningxia Hui Autonomous Region introduced in an interview with the Economic Reference Daily that as of the end of July, 96 key construction projects at the same level in 101 autonomous regions have resumed work, with a construction rate of 95%. The cumulative completed investment is 46.08 billion yuan, with an annual investment completion rate of 69.1%, an increase of 13.1 billion yuan compared to the same period last year, and an investment completion rate of 14 percentage points. However, there are also issues of imbalanced project progress and low completion rate of investment within the central budget. As of the end of July, the Development and Reform Commission of the Autonomous Region has arranged to allocate 4.44 billion yuan in central budget funds, with a completed investment of 960 million yuan and an investment completion rate of 21.7%, a decrease of 2.4 percentage points compared to the previous month. The overall progress of the project and the progress of using funds within the central budget are relatively lagging behind, "he said. The person in charge stated that the next step is to closely monitor the progress of investment projects within the central budget for 2023, seize the "golden period" of project construction in the third quarter, comprehensively accelerate the construction progress, and form more effective investments. In response to the sluggish private investment, many regions have also taken practical measures to stabilize expectations and strengthen confidence. Recently, Gansu Province has formulated and issued a list of tasks to mobilize the enthusiasm of private investment, proposing 26 specific measures to address the pain points and difficulties of private investment. Among them, it is clear to establish a database of key private investment projects, carry out pilot investment loan linkage mechanisms, and optimize financing support for private investment projects. Jiangxi Province proposes to make greater efforts to stimulate the vitality of private investment, inject more certainty into access space, factor guarantee, and other aspects, and promote the implementation of more private investment projects. The second plenary meeting of the State Council held on August 16th called for mobilizing the enthusiasm of private investment, solidly conducting preliminary research and reserves for major projects, and mainly aimed at accelerating the implementation of the recently introduced measures to promote private investment

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:Economic Information Daily

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