As an important support for stable growth, stable investment is stepping up its layout, which will promote the recovery of infrastructure investment growth. On the desert, green electricity is busy developing, new channels for water transportation in the west are opened, and urban "interiors" are being transformed... Here, traditional infrastructure is "mainly responsible"; over there, new infrastructure is "surging and adding momentum." Recently, the policies of various localities and departments to stabilize investment have been "catching up early" and making precise efforts. One by one planning measures have been intensively implemented, and new and old infrastructure projects have been vigorously promoted, which has injected more force into stabilizing growth, adjusting structure, and benefiting people's livelihood. kinetic energy.

In March of Yangchun, the construction site of Shenmu-Anping coalbed methane pipeline project was busy. On March 28, construction of the last section of China's longest long-distance coalbed methane pipeline spanning Shaanxi, Shanxi and Hebei started, and it is expected to be completed and put into operation in the second quarter of 2023. After the completion of the whole line, natural gas from western Shanxi and eastern Shaanxi will be transported to thousands of households and industrial clusters in Xiong'an New Area and Beijing-Tianjin-Hebei.

This is a microcosm of the recent construction of major engineering projects at full capacity and active expansion of effective investment. In 2022, in the face of the triple pressure of the impact of the epidemic and "shrinking demand, supply shock, and weakening expectations", China will take stabilizing investment as the key to stabilizing growth.

Lian Ping, chief economist and dean of the Research Institute of Zhixin Investment, and chairman of the China Chief Economist Forum, told reporters that among the three major investment fields in China, infrastructure construction investment has a strong macro-control effect, compared with Investment in real estate and manufacturing can play a more important role as a "ballast stone" for stabilizing economic growth.

From the Central Economic Work Conference at the end of 2021 to the government work report in 2022, it is clearly stated that "infrastructure investment should be "moderately advanced".

A strong foundation will benefit the long-term, and the fields of water conservancy, transportation, and energy still play the leading role

From the "14th Five-Year" New Energy Storage Development Implementation Plan" to the "14th Five-Year Plan for Modern Energy System", and then to the "Medium and Long-Term Plan for the Development of Hydrogen Energy Industry (2021-2035)"... issued, outlining the construction drawings for the construction of China's modern energy system.

A number of large-scale wind power photovoltaic base projects have sprung up in the desert Gobi. Currently, the construction exceeds 75 million kilowatts, which is equivalent to three Three Gorges power stations; in East China and Central China, the Fuzhou-Xiamen and Zhumadian-Wuhan 1000 kV UHV AC projects are under construction at the same time. , with a total investment of 10.9 billion yuan; the five southern provinces (Guangdong, Guangxi, Yunnan, Guizhou, and Hainan) will achieve full coverage of township charging facilities by 2023, and plan to invest 10 billion yuan during the "14th Five-Year Plan" period... Around the protection of national energy The "big chess game" of safety and promotion of "dual carbon" work, one by one, the precise "placement" of major engineering projects.

Major engineering projects in the transportation sector are also catching up early and continuing to strengthen. The Ministry of Transport has held meetings and deployments many times, requiring moderately advanced investment in transportation infrastructure, focusing on accelerating the transportation projects among the 102 major national engineering projects identified in the national "14th Five-Year Plan" and the strategy of "6 axes, 7 corridors and 8 channels" Construction of backbone channel projects.

Opening up the "major arteries" and smoothing the "microcirculation", a high-quality comprehensive three-dimensional transportation network is being constructed: look at the southwest, the first canal since the founding of New China - the Pinglu Canal project has been officially approved for project approval, and strives to start construction in 2022 , will open up a new channel for sea transportation in the west; in the northeast, the construction of the Shenbai high-speed railway is in full swing, and it will take more than an hour from Shenyang to reach Changbai Mountain after the opening; Development accelerates.

According to data released by the Ministry of Transport recently, 338.7 billion yuan in fixed asset investment in transportation will be completed from January to February 2022, a year-on-year increase of 11.7%.

Making up for shortcomings and benefiting people's livelihood

Initiate and implement the renewal and transformation of urban aging gas pipelines, carry out leakage management of public water supply pipelines, and carry out power grid upgrades... The "Key Tasks for New Urbanization and Urban-Rural Integration Development in 2022" recently issued by the National Development and Reform Commission lists a specific list. .

Recently, Chongqing issued the first provincial-level government regulation on the management of comprehensive pipe corridors in the country, "Chongqing Urban Comprehensive Pipe Corridor Management Measures". About 815 kilometers of integrated pipe corridors will be built; during the "14th Five-Year Plan" period, Nanjing plans to build 70 kilometers of underground comprehensive pipe corridors, and actively implement the pipeline entry work of the pipeline corridors built in Jiangbei New District, Southern New Town and other areas.

"According to the estimates of relevant experts, the current total construction cost of the underground comprehensive pipe gallery is about 100 million to 120 million yuan per kilometer. With the improvement of the level of urbanization, the construction of urban underground comprehensive pipe gallery is actively promoted from the central to the local level. It will bring a great demand for infrastructure investment." Song Jianjun, a researcher at the Institute of Land Development and Regional Economics of the China Academy of Macroeconomics, told reporters.

Structural adjustment increases stamina, and new infrastructure boom adds new kinetic energy

Since February 2022, when the four ministries and commissions fully launched the "East Number and West Calculation" project, the construction of 10 national data center clusters is advancing rapidly. From Helinger in Inner Mongolia to Qingyang in Gansu, from Zhongwei in Ningxia to Liangjiang New District in Chongqing, many places are witnessing the pulling power of the digital engine.

Looking at the list of investment projects in various places in 2022, 5G applications, industrial Internet, data centers, etc. are hot words. Among them, Guangdong will achieve 5G wide coverage in the Pearl River Delta and full 5G coverage in counties and urban areas in eastern Guangdong, western Guangdong and northern Guangdong in 2022; Anhui will implement the "New Infrastructure +" action and build more than 25,000 5G base stations; Hebei will arrange 32 digital infrastructure and applications Project, with a total investment of 51.15 billion yuan.

It is worth noting that in order to promote the early start and early production of more major engineering projects, supporting policies such as funds and land in various localities and departments have also implemented precise policies and made efforts in advance.

As of March 22, the issuance of local government bonds in China has exceeded 1.5 trillion yuan, about twice the same period in 2021, of which the issuance of new special bonds has exceeded 1.1 trillion yuan; Zhejiang has provided capital, energy consumption, land, etc. The demand for factors will be guaranteed, for example, the planned target of new construction land for major infrastructure projects above the province is 45,000 mu; Shanghai proposes to make good use of the "new infrastructure" special interest rate credit special project of more than 100 billion yuan...

With multiple measures, fixed asset investment in 2022 will achieve a good start. From January to February, fixed asset investment (excluding rural households) increased by 12.2% year-on-year, 7.3 percentage points faster than the full year of 2021. Among them, infrastructure investment increased by 8.1% year-on-year, and the growth rate was 7.7 percentage points faster than that in 2021.

A series of leading indicators also released positive signals. From January to February, the number of newly started projects increased by 1.1 times year-on-year, and the total planned investment in newly started projects increased by 62.8%; the national budget funds increased by 33.9%, and the self-raised funds increased by 13.2%. Industry insiders believe that as the country's policy of stabilizing growth and investment continues to take effect, the next step in infrastructure investment is expected to continue to maintain a good growth trend.

Lian Ping said that infrastructure investment in 2022 will receive strong support from many aspects. Considering that the physical workload will be implemented in the first quarter of 2022, from the end of 2021, local governments have already matched relevant infrastructure projects early. The preparation, review and allocation of special bonds will be more optimized, the management mechanism of special bond funds will be improved, and the requirements for utilization efficiency will be further improved, which will help to ensure the financing of infrastructure projects in 2022. Keywords: infrastructure, infrastructure construction, domestic engineering news, planning and investment

In Lian Ping's view, driven by the combined efforts of infrastructure investment and the steady growth of manufacturing investment, fixed asset investment is expected to grow by about 7.5% in 2022, helping to achieve the goal of stable growth throughout the year. Editor / Xu Shengpeng