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Ye Tan: Efficiency And Mechanism Is The Key.

2015/1/11 11:33:00 22

Ye TanInvestmentEconomy

Luo Guosan, deputy director of the investment and Development Commission of the NDRC, said the seven engineering packages have been released and are progressing smoothly.

Investment boxing is coherent, and there are other projects besides the seven major engineering packages, which can not be simply understood to be stable by investment.

Needless to say that steady growth, data released by the National Bureau of statistics show that in 2014 1~11 fixed asset investment grew by only 15.8% over the same period last year, hitting a new low for the same period since 1999, and the task of stable investment is extremely severe.

When the economy is down to a certain level, the real choice is positive.

fiscal policy

No matter 7 trillion or 10 trillion, it is the expression of positive fiscal policy.

Transportation investment is in the ascendant.

According to the two press conference held by the national development and Reform Commission, the number of clean energy project packages, mineral resources engineering packages and traffic engineering packages were 26, 37 and 203 respectively.

If the number of seven engineering packages reported by Peng Bo is 420, the number of traffic engineering packages will be half.

At present, the investment in fixed assets, especially the investment in fixed assets, is very high.

Taking a look at the previous investment, in 2011, under the influence of the "7. 23" EMU event, China's new railway mileage was only 2000 km, and only 469 billion yuan was invested in railway capital construction in the whole year. In 2012, it was still in the doldrums. In 2013, the railway construction was warmed up, the new line was planned to be pported for 5500 km, and the fixed assets investment was 665 billion 750 million yuan.

At the National Conference on pport and pport held in December 28, 2014, the annual investment of 2 trillion and 500 billion yuan for railway and highway roads in 2014 has been an important achievement.

From the trend, pportation investment in 2015 will be much less.

As of December 23, 2014, the total investment of the NDRC in the four quarter was 1 trillion and 370 billion yuan, all of which invested in the pportation sector.

This is a period of great construction. Traffic engineering is entrusted with the important task of opening up the economic context of the East, West, North and south, and sea, and speeding up urbanization.

The key points of investment are clear, Midwest and inter city traffic, and connected with capillaries.

Wang Mengshu, academician of the Chinese Academy of engineering, said that because all parts of the country are speeding up construction, by the end of 2015, the investment priorities after 12th Five-Year will shift from the eastern region to the central and western regions, from inland to the frontier, and from the major trunk lines to the medium and short distance intercity railways.

In the future, China will form a dense network of freeways and tracks, which will run through most of the 200 thousand towns.

This is ambitious and ambitious plan.

Where does capital come from? Expanding the deficit is one aspect.

According to the great wisdom news agency, from authoritative channels, the expansion of the deficit rate in 2015 is a foregone conclusion. It will expand 0.2 percentage points to 2.3%. Some researchers predict that the deficit scale will increase from 200 billion yuan to 350 billion yuan in 2015.

This is, of course, a drop in the bucket. From the data of total social financing and so on, the funds have not increased significantly.

A positive fiscal policy is not accompanied by loose monetary policy.

The reform of financing system has been put on the agenda.

The NDRC has made it clear that it encourages social capital, especially private capital, to encourage the adoption of the PPP model.

The future will last.

profit

Projects in the future will be marketed to encourage private capital to enter.

Price reform, especially in pportation.

price reform

Push forward quickly so that the project has sustained cash flow.

In January 4th, the NDRC pointed out that since the end of November 2014, the price of 24 commodities and services has been liberalized, and 1 pricing powers have been delegated, including the release of railway bulk cargo express, railway parcel pportation prices, and the social capital investment in freight rates and passenger rail tickets for holding new railways.

A lot of infrastructure investment, prices rise slightly, increase various financing methods, we will have to face the reality.


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