找回密码
 立即注册
首页 Financial China 查看内容
  • QQ空间

Stimulus packages to help sustain economic momentum

2020-3-19 14:40

Workers at a construction site in the airport area of Chengdu, capital of Sichuan province. [Photo by He Haiyang/For China Daily]

Stimulus packages to boost infrastructure investment will likely be an important policy tool used by local governments to shore up the economy, job and consumption markets on a long-term basis, analysts and industry experts said.

Their comments came after over 20 provincial and municipal governments announced a series of infrastructure investment projects worth nearly 7.6 trillion yuan ($1.09 trillion yuan) this year, indicating the nation is injecting growth momentum into the economy after an extended period of slowdown caused by the novel coronavirus outbreak.

Beijing issued a list of 300 key projects with a planned investment of 252.3 billion yuan for this year late last month. About 66.2 billion yuan is expected to be used for 100 infrastructure projects, including seven national railway projects, five suburban rail projects, 16 subway and 12 highway projects.

Central China's Henan province plans to invest 837.2 billion yuan this year on sectors like waste disposal, airports and logistics facility development.

Zhou Lisha, a researcher at the research institute of the State-owned Assets Supervision and Administration Commission of the State Council, said that while the impact of the outbreak is regional, short-term and manageable, the big-ticket infrastructure projects will help many service businesses and manufacturers to resume operations and production soon, create jobs and boost economic growth.

CCCC Road and Bridge International Co, a subsidiary of State-owned China Communications Construction Co, won the bid for a road extension project in Shunde district of Foshan in South China's Guangdong province late last month. The project's contract value is 1.89 billion yuan and expected to be operational in 54 months.

This project will reduce the road travel time between Shunde and Nansha New Area in Guangzhou. It will also promote the integration of the Guangdong-Hong Kong-Macao Greater Bay Area and attract foreign direct investment, said Sun Ziyu, vice-president of the Beijing-headquartered CCCC.

Wang Jun, vice-president of China Railway Rolling Stock Corp, the country's biggest train manufacturer by sales revenue, said infrastructure projects in railway sector this year will create opportunities for the application of the group's 400 km/h conventional trains and maglev (magnetic levitation) trains with a designed top speed of 600 km/h.

Zhang Yansheng, a senior researcher at the Beijing-based China Center for International Economic Exchanges, believes that unlike monetary measures, higher investment in the infrastructure sector is a practical way to deal with the economic slowdown and stimulate manufacturing activities. It can also help regain economic vitality, he said.

Infrastructure accounted for 31.2 percent of China's GDP growth last year, while consumption and exports contributed 57.8 percent and 11 percent respectively, according to data from the National Bureau of Statistics.

Chinese provinces and major cities will not only speed up investment in the development of traditional infrastructure categories such as railroad and regional airport development, but also add resources to public health services, 5G networks and cutting-edge manufacturing technologies, amid efforts to mitigate the impact of the epidemic outbreak, said Zhang Liqun, a researcher with the Development Research Center of the State Council.

These infrastructure projects can also bring growth points to global companies looking to jointly develop businesses across the country, Zhang said.

The Shanghai government has released a list of major projects to be constructed this year. It involves 152 projects, including the expansion of Shanghai Disney Resort, the second phase development of the Tesla Gigafactory in Shanghai, and the integration platform of the civil aircraft avionics system and the industrial chip development program.

Jerome Bendell, the China CEO for Thales Group, a French industrial conglomerate, said: "We will continue to collaborate with our local partners to deliver more innovative technologies to support the future development of China's civil aviation, ground transportation, digital identity and security industries."

Thales is also actively participating in the development of China's civil aircraft industry, and hopes to bring high-end technologies and solutions for Commercial Aircraft Corp of China's CR929 aircraft project, he said.

In terms of enhancing the weak links of infrastructure, the government will also enhance construction in causes such as poverty alleviation, transportation and energy, people's livelihoods and the renovation of old urban residential areas, according to new policy measures released by the National Development and Reform Commission on Tuesday.

 

工人们在四川省会成都机场附近的一个建筑工地工作。[何海阳/中国日报]


分析师和行业专家表示,从长期来看,促进基础设施投资的刺激计划可能是地方政府用来提振经济、就业和消费市场的重要政策工具。


此前,20多个省市政府宣布了一系列基础设施投资项目,价值近7.6万亿元人民币(约合1.09万亿美元),表明在新型冠状病毒爆发导致经济增长长期放缓后,国家正在为经济注入增长动力。


上月底,北京公布了今年计划投资2523亿元的300个重点项目清单。预计约662亿元用于100个基础设施项目,包括7个国家铁路项目、5个郊区铁路项目、16个地铁项目和12个高速公路项目。


中国中部的河南省今年计划在废物处理、机场和物流设施发展等领域投资8372亿元人民币。


周Lisha,研究所的研究员国务院国有资产监督管理委员会,表示,尽管爆发的影响是区域性的,短期的和可控的,大型基础设施项目将帮助许多服务企业和制造商很快恢复操作和生产,创造就业机会和促进经济增长。


上个月底,国有的中国交通建设股份有限公司(China Communications Construction Co)旗下的中建路桥国际有限公司(CCCC Road and Bridge International Co)赢得了中国南部广东省佛山市顺德区一个道路扩建项目的投标。该项目的合同价值为18.9亿元人民币,预计在54个月内投入使用。


该项目将缩短顺德至广州南沙新区的公路运输时间。总部位于北京的CCCC副总裁孙子瑜表示,这也将促进粤港澳大湾区的一体化,并吸引外国直接投资。


王军,中铁股份有限公司副总裁,中国最大的列车制造商销售收入,说今年在铁路行业基础设施项目将为应用程序创建机会集团400 km / h的传统列车和磁悬浮列车(磁悬浮)设计最高时速600公里/小时。


北京中国国际经济交流中心的高级研究员张燕生认为,与货币措施不同,加大对基础设施领域的投资是应对经济放缓和刺激制造业活动的一种切实可行的方式。他说,这也有助于恢复经济活力。


根据国家统计局的数据,去年基础设施对中国GDP增长的贡献率为31.2%,而消费和出口分别贡献了57.8%和11%。


中国省份和主要城市不仅会加快投资发展的传统铁路等基础设施类别和地区机场的发展,但也添加资源公共卫生服务,5 g网络和先进的制造技术,在努力减轻艾滋病疫情的影响,研究员张立群表示,国务院发展研究中心。


张说,这些基础设施项目还可以为希望在全国范围内共同发展业务的跨国公司带来增长点。


上海市政府公布了今年要建设的重大项目清单。该项目涉及152个项目,包括上海迪士尼度假区扩建、上海特斯拉超级工厂二期开发、民用飞机航电系统集成平台和工业芯片开发项目。


法国工业集团泰利斯集团(Thales Group)中国区首席执行官本德尔(Jerome Bendell)表示:“我们将继续与当地合作伙伴合作,提供更多创新技术,支持中国民航、地面运输、数字身份和安全行业的未来发展。”


他说,泰利斯还积极参与中国民用飞机工业的发展,并希望为中国CR929飞机项目的商用飞机公司带来高端技术和解决方案。


提高基础设施的薄弱环节,政府还将加强建设扶贫等原因,交通和能源,人们的生计和改造旧城市居民区,根据国家发展和改革委员会发布的政策措施。

 

原作者: Zhong Nan 来自: china daily