According to the National Development and Reform Commission on the 6th, since the fourth quarter of last year, the central government has allocated 300 billion yuan in three batches to invest in expanding the scale of investment and stimulating economic growth. Judging from the situation in the first quarter, the role of the expansion of investment policies in the economy has begun to show.

In a recent interview with the reporter, Mu Hong, deputy director of the National Development and Reform Commission, said that in the first quarter, the above-mentioned policy of expanding investment has begun to show its pulling effect: the central government's investments have led to an acceleration in the growth rate of fixed asset investment in the entire society, which has led to significant investments in key areas. accelerate. At the same time, positive changes have taken place in economic operations, and the prices of industrial production and some investment products have gradually stabilized.

In the first quarter, fixed assets investment in the whole society increased by 28.8% year-on-year, an increase of 4.2% and 6.4 percentage points over the same period of last year and the fourth quarter, respectively. The total planned investment of new projects started to increase by 87.7% year-on-year, an increase of 92.1 percentage points from the same period of last year. Investment in agriculture, water conservancy, transportation, education, health, and environmental protection increased by 30%, respectively; D90%, investment growth in central, western, and northeast old industrial bases were 33.7%, 46.1%, and 58.9%, respectively, which were higher than the national average investment growth. .

At the same time, some industries with high levels of investment, such as construction machinery, building materials, and mechanical and electrical equipment, have improved. In March, the growth rate of industrial added value above designated size increased by 4.5 percentage points over the previous two months. The purchasing managers' index for manufacturing in April was 53.5%, which has been rising for five consecutive months as an important leading indicator for observing the economic trend.

Mu Hong emphasized that the above situation shows that the central government's policy of expanding investment is timely, effective, and effective. The follow-up inspection results of the Central Inspection Team and the Audit Office also showed that the overall implementation of the central investment project is good. It can be expected that as the country generally enters the construction season in the second quarter, the leading role played by the central investment will further manifest itself.

Mu Hong's speech also confirmed that the third batch of new central government investment was 70 billion yuan. In November last year, the Development and Reform Commission urgently issued a central government investment of 100 billion yuan, and the second batch of investment was 130 billion yuan. However, the Development and Reform Commission did not announce the third batch of investment.

In response to the impact of the international financial crisis on China’s economy, the central government made decisive decisions in the fourth quarter of last year, implemented a proactive fiscal policy and a moderately loose monetary policy, and quickly launched a package plan to expand domestic demand and promote stable and rapid economic development. By increasing the allocation of 1.18 trillion yuan of central government investment, driving the investment scale of 4 trillion yuan is one of the important contents of the package plan.

Since the fourth quarter of last year, the central government has allocated 300 billion yuan in three batches to invest in accelerating the construction of affordable housing, rural livelihood projects such as water circuit air houses, major infrastructure construction, health education and other social undertakings, and energy conservation and emission reduction. And ecological environment construction, independent innovation and structural adjustment (including the adjustment and revitalization of key industries), and another 120 billion yuan for the Wenchuan earthquake recovery reconstruction.

Mu Hong said that the direction of the central government's expansion of investment is very clear, and it is mainly used for the construction of weak links in economic and social development. While actively stimulating immediate domestic demand, it also strives to promote structural adjustment and changes in the development model. There is no investment for "two highs and one capital" and expanding production capacity. At the same time, the central government has also taken a number of measures to strengthen the supervision and inspection of newly added central government investment, requiring strict control over project land use, environmental impact assessment, and energy conservation. It must not reduce land management and environmental protection requirements, and strictly establish program management. Manage and use funds well to ensure project quality and safety.

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