For a long time, investment has been one of the "troikas" that promote China's rapid economic growth. Especially when the economy is facing downward pressure, investment has become an important starting point for stabilizing the macro-economic market.
Since 2022, the central government has taken many measures at the same time, continued to deploy and expand effective investment, and vigorously promoted the early implementation of projects and funds. Yang Daoling, director of the big data analysis division of the big data Development Department of the National Information Center, said that a number of high-frequency data monitoring showed that the recent construction investment of engineering projects showed a strong upward momentum.
In the first half of the year, the bid winning amount of project investment increased by nearly 20% year-on-year
From the perspective of newly added funds for winning the bid, the project investment accelerated in the first half of this year, and the amount of winning the bid increased by nearly 20% year-on-year.
Yang Daoling pointed out that through the monitoring and analysis of the bid winning amount data of the national investment projects on the swordfish beacon platform, the year-on-year growth rate of the bid winning amount of national projects has accelerated since this year, and the upward momentum is very obvious. The year-on-year growth rate from January to late June this year reached 19.4%, indicating that the national project investment has entered a state of continuous development since the beginning of the year.
In terms of regions, in the first half of the year, all regions promoted the implementation of projects to achieve "acceleration". Among them, the eastern region has the highest bid winning amount, accounting for nearly 47.5% of the country; The growth rate in the western region was the fastest, with a year-on-year increase of 23.4%.
In terms of fields, in the infrastructure fields such as construction engineering, energy and chemical industry, water conservancy and hydropower, transportation engineering, municipal facilities, etc., construction engineering projects are still in the "leading position", and the total bid winning amount is far higher than that in other fields. The growth rate of the bid winning amount of energy and chemical engineering projects is significantly ahead, and the year-on-year growth rate of water conservancy and hydropower is nearly 40%. The data shows that relevant fields are an important "starting point" for expanding investment.
The construction heat is rising continuously
In addition, from the high-frequency data of project implementation, the construction heat is continuing to rise. Yang Daoling said that while the project funds have been accelerated, many indicators closely related to construction, such as supply and demand of building materials, logistics and transportation, and construction machinery, are also gradually rising.
From the perspective of upstream building materials, the monitoring data provided by China cement network shows that since this year, the national cement mill operation rate and cement delivery rate have shown an overall upward trend. The mill operation rate reached 45.6% in mid June, the highest level in the first half of the year. The cement delivery rate has continued to rise since March, and basically remained at about 40% from May to June, indicating that cement supply and demand are steadily recovering.
From the perspective of logistics and transportation, Foton Zhike logistics index shows that since March, the logistics index of building materials related industries such as concrete, gravel and muck has increased rapidly, reaching 94.7 in May, higher than the level of 93.7 of the whole industry trunk logistics index. In the first three weeks of June, the logistics index of building materials related industries continued to maintain a relatively high level. The improvement of building materials logistics index is also an important embodiment of the recovery of engineering project construction.
From the perspective of construction, the operation data of Sany Heavy Industry Machinery provided by the root cloud platform of tree root Internet shows that the construction activity of excavators since this year is generally higher than that of the same period last year. As of June 15, the average number of daily operating equipment of excavators has increased by 8.5% year-on-year, and the total working hours have also increased by 5.3% year-on-year.
Yang Daoling pointed out that this series of indicators shows that the construction vitality of national engineering projects has continued to improve since this year, and it is expected that the physical workload will also form rapidly, and the pulling effect of engineering project investment is accelerating.
However, due to the fact that the project requires a certain transmission cycle from investment to the formation of physical workload, coupled with the frequent epidemic in many places this year and the adverse impact of rainfall in the flood season on the construction progress, there is still a certain gap between the current overall construction activity and the same period last year. With the gradual mitigation of the epidemic situation across the country and the implementation of the package of measures to stabilize the economy, the vitality of project construction is expected to further burst in the second half of the year.
Take multiple measures at the same time, continue to make efforts, and actively expand effective investment
Giving full play to the key role of investment, especially promoting the implementation of major engineering project investment as soon as possible, is an important starting point to stimulate employment, expand consumption and boost market confidence. It is also an important measure to strengthen counter cyclical and cross cyclical regulation and maintain the stable operation of the economy within a reasonable range, and it is also an important support to promote high-quality economic development.
Yang Daoling suggested that in the next stage, we still need to continue to make precise efforts and take multiple measures to actively expand effective investment. First, we should accelerate the construction of major projects. We should focus on projects that benefit both the current and the long-term, especially those that can complement weaknesses, adjust structure, and expand employment with consumption. We should actively select and reserve projects according to local conditions, and standardize and guide funds to tilt towards key areas and weak links of economic and social development.
In addition, we should encourage and guide social investment and stimulate the vitality of private investment. We should give full play to the leverage of major projects and government investment, leverage more social funds to participate widely, provide more professional financial services for project investment and financing, and stimulate the vitality of private investment.
In addition, we should continue to improve the coordination mechanism between departments, optimize the project approval process, do a good job in the precise docking of funds with projects and enterprises, reduce the waiting time of funds, and avoid idle and waste of funds.
Finally, we should use advanced technical means such as big data, Internet of things, artificial intelligence and so on to strengthen the project life cycle management, strengthen the evaluation and supervision of major engineering projects, and ensure that the project investment achieves the expected results.
