New infrastructure

New infrastructure ignites the development engine for the beginning of the year

Seetao 2022-02-20 10:05
  • As the cornerstone of the development of the digital economy and an important support for transformation and upgrading
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The State Council executive meeting held on February 14, 2022 pointed out that industry and service industries are the backbone of economic development and stable employment. At present, the stable recovery of the industrial economy is still not solid, and the service industry has some special difficulties due to the impact of the epidemic. In the near future, measures should be introduced to increase assistance. These include accelerating the construction of new infrastructure and expanding effective investment.

Not long ago, the "14th Five-Year Plan for the Information and Communication Industry Development Plan" issued by the Ministry of Industry and Information Technology also clearly stated that by 2025, a new type of high-speed ubiquitous, integrated and interconnected, intelligent, green, safe and reliable digital infrastructure will be basically built. In this regard, experts interviewed by reporters said that as the cornerstone of the development of the digital economy and an important support for transformation and upgrading, the construction of new infrastructure has become a key element of China's high-quality economic development. Looking ahead to 2022, the construction of new infrastructure will be further accelerated.

Layout in multiple places, clarifying the focus of efforts in 2022

The new infrastructure construction is referred to as "new infrastructure". According to the official interpretation of the National Development and Reform Commission, it mainly includes three aspects: information infrastructure, integrated infrastructure, and innovative infrastructure, involving 5G base station construction, UHV, intercity high-speed railways and urban rail transit. , new energy vehicle charging piles, big data centers, artificial intelligence, industrial Internet and other fields.

The reporter combed and found that in the 2022 local government work report, the content of "new infrastructure" was written in many places, and the focus and direction of the "new infrastructure" in 2022 were clarified: Shanghai - Complete the construction of new infrastructure in 2022 A three-year action plan to promote in-depth coverage of 5G networks and build a batch of new infrastructures such as super-large open computing power platforms; Beijing - will strengthen the construction of new infrastructures such as computing power algorithm platforms as the main direction of unleashing the new vitality of the digital economy; Anhui - Implemented the "New Infrastructure +" action, created a national Internet backbone direct connection point, a national hub node cluster of a national integrated computing power network, and built more than 25,000 5G base stations;

Sichuan - In 2022, it will promote the large-scale deployment of 5G, industrial Internet, and the Internet of Things, implement the national "East Data and Western Calculation" project, start the construction of a provincial big data resource center, and build a national-level Tianfu data center cluster. "We have seen that since 2022, the government work reports of 30 provinces (autonomous regions and municipalities) across the country have mentioned new infrastructure investment plans." said Wu Qi, executive director of the Wuxi Digital Economy Research Institute.

Wu Qi pointed out that to strengthen the construction of new infrastructure, the first is the practical need to stabilize growth and form a strong domestic market. Under the background that the marginal effect of traditional infrastructure on economic growth has been greatly weakened, new infrastructure construction will play an increasingly important role in stabilizing investment, especially expanding effective investment. The second is an inevitable way to optimize the structure and promote industrial transformation and upgrading. China is cultivating and developing new economic drivers. Industries such as artificial intelligence, industrial Internet, and the Internet of Things are not only important components of new business formats, new technologies, and new models, but also an important engine for the transformation and upgrading of traditional industries, which is conducive to the development of the digital economy. It represents the new economic kinetic energy and promotes the digital and intelligent transformation of traditional industries. Third, it is an important support to make up for shortcomings and promote coordinated and balanced development. Relevant policies for the construction of new infrastructure from the central to local governments have been successively introduced, which further highlights the important role of new infrastructure construction in making up for shortcomings.

With sufficient funds, the proportion of "new infrastructure" in infrastructure investment will gradually increase. The Central Economic Work Conference held in December 2021 clearly stated that infrastructure investment should be carried out moderately ahead of schedule. The relevant person in charge of the National Development and Reform Commission said that it is necessary to moderately advance deployment, improve the construction of information infrastructure, promote the expansion and speed of optical fiber networks, 5G commercial deployment and large-scale applications, build an integrated big data center system, and quickly build about 10 data center clusters across the country.

"At present, my country's infrastructure-related projects have sufficient reserves and sufficient funds. Moderately advanced deployment of related investments will better promote high-quality economic development." Experts interviewed by reporters agreed. From the project side, the National Development and Reform Commission requires that special debt projects be declared in advance. According to the data, as of February 12, 2022, 1,831 PPP (government-private partnership) projects in China had been put into construction and operation, with an investment of 2.72 trillion yuan; there were also projects with a total investment of 8.33 trillion yuan. The reserve project is yet to be put into construction and operation. According to relevant estimates, in 2020, China will invest about 1 trillion yuan in key areas of new infrastructure.

From the perspective of funds, the Ministry of Finance has issued a special debt quota of 1.46 trillion yuan this year in advance, and it is clear that the special debt in 2022 will be used in nine major directions such as transportation infrastructure, energy, agriculture, forestry and water conservancy. Sheng Songcheng, a professor at China Europe International Business School and former director of the Investigation and Statistics Department of the People's Bank of China, recently wrote an article stating that infrastructure investment can promote economic stabilization in a relatively short period of time, and help improve market expectations and stimulate the enthusiasm of market players. Steady growth is of special significance.

"As the proportion of 'new infrastructure' in infrastructure investment gradually increases, it will further drive investment in new manufacturing and service industries through the linkage effect of upstream and downstream." Wu Qi said that it is expected that during the "14th Five-Year Plan" period, The investment scale of "new infrastructure" will exceed 15 trillion yuan.

Strengthen overall planning and develop a new blue ocean for quality improvement and efficiency

With China's increasing emphasis on new infrastructure construction, the relevant roadmap has become increasingly clear. A few days ago, the Ministry of Industry and Information Technology issued the "14th Five-Year Plan for the Development of the Information and Communication Industry" (hereinafter referred to as the "Plan"). The "Planning" proposes that by 2025, the overall scale of the information and communication industry will be further expanded, the quality of development will be significantly improved, and a new type of digital infrastructure that is high-speed, ubiquitous, integrated and interconnected, intelligent, green, safe and reliable will be basically built, and innovation capabilities will be greatly enhanced. Development, the ability to empower the digital transformation and upgrading of the economy and society has been comprehensively improved.

The "Plan" aims at development goals and focuses on problems and shortcomings, and proposes 26 industry development items during the "14th Five-Year Plan" period from five aspects: new digital infrastructure, digital development, industry management, security assurance, and cross-regional and cross-industry overall coordination. and management focus. In this context, how to better implement the "new infrastructure" and develop a new blue ocean for quality improvement and efficiency?

Hu Jianbo, vice president of the China Academy of Information and Communications Technology, said that in order to ensure the efficient implementation of tasks and projects, the "Plan" proposes specific safeguards from four aspects: legal system construction, policy and financial support, talent team building, and overall implementation.

Sheng Songcheng believes that infrastructure investment should be in line with the general direction of China's economic transformation and development, and the combination of new infrastructure and traditional infrastructure can stabilize the economic fundamentals. Wu Qi put forward two suggestions. On the one hand, the construction of new infrastructure should strengthen overall planning to ensure scientific and rational planning of the project. To do a good job in the overall coordination of new infrastructure and traditional infrastructure, we must maintain a moderately forward-looking industrial plan, and try our best to avoid blind and repetitive construction caused by the centralized launch of projects in various places; explore sustainable business models, and focus on the integration of project investment, construction and operation to reduce the investment risk of the project. On the other hand, lower the market access threshold and actively expand the implementation entities of new infrastructure. Make good use of investment in the central budget, special bond funds and other policy-based financial means to support new infrastructure, encourage and support private capital to equally participate in new infrastructure investment and construction, expand various financing channels, and form a diversified investment and financing system. Keywords: infrastructure, infrastructure construction, domestic engineering news

"The 'new infrastructure' mainly focuses on the three major networks of energy and power network, communication data network, and logistics supply network. On the one hand, the financial sector will increase investment, and on the other hand, it will give full play to the power of market players, and include more market players in terms of technology and capital. Participate in the construction of 'new infrastructure'." Pan Helin, a member of the Information and Communication Economics Expert Committee of the Ministry of Industry and Information Technology, pointed out that the construction of new infrastructure should be planned in a coordinated manner, and local governments should form a joint force to advance the construction of new infrastructure and create a soft environment for the operation of "new infrastructure" and new economy. .Editor/XuNing

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