As the local two sessions come to an end, the expected growth targets of fixed asset investment in 2024 have emerged one after another. Recently, the local government has also intensively released a list of key projects in 2024 to finalize specific investment areas and project construction plans. The reporter found that in 2024, many places will vigorously expand industrial projects, and industrial investment will grow rapidly compared with the previous year.
Looking at the local 2024 work report, "focusing on expanding effective investment" has become the key word of economic work in various places in 2024, and many places emphasize the need to do a good job in major infrastructure projects and further expand industrial investment.
Some places have clarified the expected growth targets for fixed asset investment in 2024. Among them, Hainan and Shanxi target growth rates of about 10%, Henan and Anhui target growth rates of about 7%, Hebei, Zhejiang, Gansu target growth rates of about 6%, Hunan target growth rates of 5%, Chongqing and Jilin target growth rates of less than 5%.
Investment is one of the 'troikas' driving economic growth, although in recent years its contribution to the economy is inferior to consumption, but in the context of insufficient domestic effective demand, to promote the further recovery of the economy is still facing difficulties and challenges, investment still plays a key role in stable economic growth. Luo Huanjie, a researcher at Guangkai Chief Industry Research Institute, said.
At the same time as finalizing the growth target, various localities have also successively released a list of major projects or key construction project plans in 2024 to make specific arrangements for investment work. This year, the number and scale of major projects in Jiangsu Province will increase significantly year-on-year, and the total number of projects will increase by 112, an increase of 331%, the annual planned investment increased by 73.8 billion yuan, an increase of 13%. Jilin plans to implement more than 2,500 major projects this year, including more than 1,000 projects with more than 100 million yuan. Guangdong arranges 1,508 provincial key construction projects throughout the year, with an annual planned investment of 1 trillion yuan.
Investment in large projects plays the role of the main engine. Zhai Shanqing, director of the Department of Fixed Asset Investment Statistics of the National Bureau of Statistics, said that in 2023, the planned total investment of 100 million yuan and above will increase by 9 percent over the previous year3%, the growth rate is 6 times higher than the total investment in fixed assets3 percentage points; Driving the growth of total investment by 48 percentage points. Among them, the total planned investment of 1 billion yuan and above project investment increased by 13 over the previous year3%, the growth rate is 4 higher than that of projects with more than 100 million yuan0 percentage points.
From the perspective of project investment fields, infrastructure construction such as transportation, energy, and water conservancy is still the most important. This year, Sichuan will continue to promote the construction of a strong transportation province, accelerate the construction of high-speed rail projects such as the Chengdu-Chongqing Middle Line, and strive to add more than 320 kilometers of railway operating mileage; Coordinate the construction of new land-sea corridors in the western region and passages along the Yangtze River and other passages in and out of Sichuan, and strive to complete the mileage of expressways that are open to traffic and newly started construction will exceed 500 kilometers, and the mileage of expressways will exceed 10,000 kilometers; Accelerate the planning and construction of a new energy system, and promote the complementary development of water, wind, solar, hydrogen, natural gas and other multi-energy sources.
For another example, Shandong will speed up the construction of a transportation power demonstration zone, strive to complete an investment of 325 billion yuan, promote 7 high-speed rail projects such as Xiongshang, Jibin, Jinwei and Weisu, and build the Weiyan high-speed railway, with a high-speed rail mileage of more than 3,000 kilometers; Accelerate the construction of national and provincial water network pilot areas, and strive to complete the investment of 70 billion yuan.
At the same time, the reporter combed and found that in 2024, many places will vigorously expand industrial projects, and industrial investment will grow rapidly compared with the previous year.
For example, the number of industrial projects in Jiangsu this year increased by 68 compared with the previous year, an increase of 32%. Among them, there are 245 manufacturing projects, accounting for 87% of industrial projects, and the annual planned investment is 200.1 billion yuan, accounting for 92% of industrial projects. Especially in terms of scientific and technological innovation leadership, among Jiangsu's major projects this year, the number of scientific and technological innovation platform projects has increased from 5 to 10, and 186 strategic emerging industries and future industry projects have increased, an increase of 25 over the previous year7%, accounting for 80% of manufacturing projects.
Jilin has also vigorously expanded industrial projects. Among the more than 2,500 major projects implemented in Jilin this year, industrial projects account for more than half of the investment. At the same time, a number of projects will be implemented to strengthen the chain, extend the chain and supplement the chain, and revitalize the layout of a number of key industrial parks.
This year, many places have vigorously expanded industrial projects represented by mid-to-high-end manufacturing, which is not only in line with the 'leading modern industrial system construction with scientific and technological innovation' proposed by the ** Economic Work Conference, but also can lay a solid foundation for high-quality economic development, and will play a strong supporting role in improving economic operation efficiency, promoting the optimization and adjustment of industrial structure, driving breakthroughs in key technology research and development, and exploring new economic growth points. Luo Huanjie said.
Wang Qing, chief macro analyst of Oriental Jincheng, said that looking forward to 2024, the policy emphasizes the need to continue to increase macroeconomic regulation and control, and the growth rate of fixed asset investment is likely to accelerate slightly compared with the previous year. Among them, infrastructure investment is expected to continue to maintain a rapid growth level, and the domestic vitality of manufacturing investment will be further enhanced.
Editor-in-charge: Tao Jiyan |Review: Li Zhen |Supervisor: Wan Junwei.
*: Economic Information Daily).