New infrastructure projects such as investment in 5G networks that do not slow down under the war epidemic lag behind in the fast lane
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Source: Securities Daily reporter Su Shiyu The Political Bureau of the Central Committee of the Communist Party of China held a meeting on February 21 to study the prevention and control of the new crown pneumonia epidemic, and to plan and coordinate the epidemic prevention and control and economic and social development.
The meeting is held to actively expand effective demand, promote consumer replenishment and potential release, give play to the key role of effective investment, increase the start of new investment projects, and accelerate the progress of projects under construction.
Higher research and development support for reagents, drugs, and vaccines will promote the rapid development of biomedicine, medical equipment, 5G networks, and industrial Internet.
During the prevention and control of the new crown pneumonia epidemic, the National Development and Reform Commission has repeatedly arranged investments in the central budget to support related project construction work and provide facility guarantees for resolutely winning the fight against epidemic prevention and control.
The National Development and Reform Commission pointed out that it will resolutely and thoroughly implement the Party Central Government and the State Council’s decision-making and deployment, effectively adjust and optimize the investment structure, and prioritize investment in the central budget to urgently needed projects for the prevention and treatment of infectious diseases such as emergency medical treatment facilities and isolation facilities in severely affected areas.We will resolutely win the fight against epidemic prevention and control to provide facilities.
From the time when the National Development and Reform Commission released the news, on January 26, according to the overall deployment of the Central Leading Group’s Working Group on Response to New Coronavirus Infection and Pneumonia, the National Development and Reform Commission issued an emergency investment of 300 million US dollars in the central budget in accordance with the joint prevention and control work mechanism.The construction of the Wuhan Vulcan Mountain Hospital and Wuhan Lei Shenshan Hospital for the treatment of patients with new-type coronavirus-infected pneumonia was subsidized for the purchase of important medical equipment to provide facilities for the realization of “centralized patients, centralized experts, centralized resources, and centralized treatment”.
On February 7, the National Development and Reform Commission urgently issued a second batch of 200 million U.S. dollars in the central budget to specifically subsidize the treatment of patients with severe infections. Tongji Hospital affiliated to Tongji Medical College of Huazhong University of Science and Technology, Union Hospital Affiliated to Tongji Medical College of Huazhong University of Science and Technology, HubeiProvincial People’s Hospital for the construction of intensive care wards, focusing on the purchase of non-invasive ventilators, ECG monitors, bedside hemofiltration machine (CRMO), extracorporeal membrane oxygenator (ECMO) and other important medical equipment to ensure access to critically ill patientsCentralized and unified treatment, and strive to improve the cure rate and reduce mortality.
On February 16, the National Development and Reform Commission continued to arrange investments within the central budget2.
US $ 300 million to support Wuhan Fangcai Hospital to improve its facilities, add necessary medical equipment, and enhance the capacity of Fangcai hospital.
Large-scale enterprises are also actively responding to national calls to join the fight against epidemic prevention and control and strongly support the construction of hospitals.
According to statistics from the China Construction Machinery Industry Association, as of February 9, 2020, XCMG, Sany Heavy Industry, Zoomlion Heavy Industry, Guangxi Liugong, Lingong Group, Tiejian Heavy Industry, Shanhe Intelligent, Anhui Heli, Xiamen Engineering, Doosan(China), Liebherr (China), Tietuo Machinery, Nuoli, Xingbang Heavy Industry, Jungheinrich, Wuhan Maxima, Mobil and many other industries have actively joined the construction of “Little Tangshan” hospitals across the country.
With the gradual resumption of production and resumption of production by enterprises in various regions, investment in construction of infrastructure projects has also begun.
Tang Chuan, expert of the Ministry of Finance’s expert database and research director of 360 Finance PPP Research Center, told the Securities Daily that the central government has clearly stated through policies and plans that it will further develop infrastructure projects, promote urbanization 北京桑拿洗浴保健 and the balanced development of various regions, so infrastructure projectsThe rapid landing will be the focus of investment in 2020.
And from the initial announcement of the national local debt issuance in January 2020, the scale of special debt is ten times that of general debt, which fully shows that the overall situation of economic development driven by infrastructure projects has been fully implemented from top to bottom.
Xu Guangrui, Executive Dean of National Future Science and Technology Research Institute, said in an interview with the Securities Daily reporter that according to the current resumption of key projects, this year’s infrastructure investment will focus more on supplementing shortcomings, especially after the epidemic.The “new infrastructure” represented by 5G, artificial intelligence, industrial Internet, the Internet of Things, etc. will be accelerated, telemedicine, mobile medical terminals, smart manufacturing, cold chain logistics, smart rail transit, e-commerce, online education,The potential of Internet of Vehicles and other fields will be more fully released under the protection of “new infrastructure”.
Tang Chuan said that from the current layout of resumption of work, production-oriented industries, production materials supply companies, and consumer goods industries are the areas where the central government encourages resumption of work.
In fact, localities are still encouraging other business areas that do not require material exchange to continue to be online and individualized.
In addition to ensuring production, construction of smoothly-promoted traditional infrastructure projects such as energy, transportation, and water conservancy, 5G communication network construction, and logistics system upgrade and reconstruction, “new infrastructure” projects will also become the focus of development this year.
It is expected that in the future, development infrastructure investment will be promoted jointly from the government and the market.
In the government budget, it will continue to fully support investment and financing policies such as special debt, PPP policies, and credit concessions.
At the market level, the principles of basic design and policy encouragement will be followed, and funds will be concentrated in areas that provide new momentum for economic development, including new infrastructure, industrial parks covering science and technology infrastructure, and transportation infrastructure.
Xu Guangrui said that this year and in the next few years, infrastructure investment will continue to maintain the development trend of traditional infrastructure projects and new infrastructure projects. Therefore, there is still potential for development in the fields of transportation, energy, water conservancy, and medical care. Traditional foundationsThe facility has entered a mature and efficient development stage, and it still has a strong driving effect on the cement, steel and other industries. It has an axial underpinning effect on steady growth; instead, the epidemic has accelerated the whole society’s impact on smart cities, smart homes, smart transportation and smart energyWith the release of demand potential in areas such as smart manufacturing, “new infrastructure” will enter the fast lane and be guided by new actions such as new materials, new technologies, new processes, and new models to accelerate the development of the digital economy.