Across the country, major construction projects are progressing in an orderly manner, creating a scorching atmosphere. The first major project of the follow-up project of the South to North Water Diversion Project - the Yangtze River Diversion and Han Water Diversion Project has entered the comprehensive construction stage, with a total static investment of 55.158 billion yuan; The landmark project of the Western Land Sea New Corridor - the construction of the Guizhou Huangtong to Guangxi Baise Railway has begun. After its opening, it will end the history of railway connectivity between Lingyun County and Leye County in Baise City; Fengtai District of Beijing has officially launched the construction of Hexi Ecological Science and Technology Innovation New City, with 46 major projects starting construction and an estimated total investment of over 50 billion yuan... Various regions and departments are increasing their efforts to grasp projects, expand investment, stabilize growth, and boost development confidence. Fully leveraging the key role of effective investment is an important lever to promote sustained economic recovery and improvement. The latest data released by CCTV Finance Excavator Index shows that the national construction machinery operating rate in 2023 was 58.57%, and various infrastructure construction was stable and improving. Many provinces bravely carried the banner of "stable growth", and the overall data performance outperformed 2022. In 2023, total capital formation drove economic growth by 1.5 percentage points, contributing 28.9% to economic growth. While effective investment is actively expanding, the investment structure is also constantly optimizing. Last year, investment in China's high-tech manufacturing and high-tech service industries increased by 9.9% and 11.4% respectively compared to the previous year. Significant achievements were made in the construction of a modern industrial system that promotes industrial innovation through scientific and technological innovation and builds new competitive advantages through industrial upgrading. Practice has proven that expanding effective investment can create effective demand in the short term and improve supply quality in the medium to long term. It is an effective way to expand domestic demand and an important support for accelerating the construction of a modern industrial system. Today's investment is tomorrow's competitiveness. By expanding effective investment and accelerating the cultivation of new productive forces, we can unleash the potential for domestic demand and further consolidate and enhance the positive trend of economic recovery. Consumption and investment are mutually reinforcing relationships. Efforts must be made to expand domestic demand and better balance consumption and investment. Whether it is vigorously developing new types of consumption such as digital consumption, green consumption, and health consumption, or actively cultivating new consumption growth points such as smart homes, entertainment and tourism, sports events, and domestic "trendy goods", it is necessary to promote investment in related industries and consumption scenarios. These investments are often in new fields and tracks, which are conducive to enhancing the core competitiveness of the industry, strengthening the resilience of the industrial and supply chains, and accelerating the formation and growth of new driving forces for development. Expanding effective investment in supporting key core technology research, promoting the development of strategic emerging industry clusters, accelerating the construction of new infrastructure, and vigorously developing the digital economy can form high-quality supply and create effective demand. This not only meets the growing needs of the people for a better life, but also continuously shapes new driving forces and advantages for development. Expanding effective investment requires both clarifying where money goes and addressing where money comes from. We should make good use of government investment such as the issuance of additional treasury bond, investment within the central budget, and special bonds of local governments. We should also give full play to the driving effect of government investment and mobilize the enthusiasm of private investment. We need to deepen reforms in key areas, improve investment and financing mechanisms, focus on strengthening service guarantees, promote the reduction of investment and financing costs, and fully stimulate various types of investment and financing
Edit：Luo yu Responsible editor：Wang er dong
Source：people.cn
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