The early release and more release of the quota approved in advance indicate that the fiscal rhythm is ahead of schedule and the fiscal attitude is more positive.

The infrastructure investment increased by 9.4% in the whole year, 9 percentage points higher than that in 2021, and the growth rate rose for 8 consecutive months, which played an important role in promoting the stable growth of investment.

In terms of the amount of special bonds allocated in advance, Guangdong, Shandong, Zhejiang and Sichuan ranked the top four.

At the meeting, the “Shantou International Wind Power Innovation Port Construction Consortium” jointly launched by 15 leading enterprises in the global wind power industry chain was officially established, marking the “first shot” in the beginning of Shantou wind power construction.

“Infrastructure investment will still be the base of fixed asset investment.” Guo Lei, chief economist of GF Securities, believes that although the base is high, infrastructure investment is expected to maintain medium-high growth throughout the year.

Infrastructure investment is not only an effective way to “stabilize the current situation”, but also a “long-term perspective”.

After the “first session of the Spring Festival”, Guangdong’s infrastructure construction will be accelerated, and the “sea, land and air” will become the “ballast stone” of Guangdong’s economic development.

Zhang Yu predicted that the year-on-year growth rate of wide-caliber infrastructure fell back to 8%, but still remained above the high base, maintaining a high 2-year compound growth rate.

Among them, Guangdong (excluding Shenzhen) allocated 254.3 billion yuan, which is the only region of all provinces with more than 200 billion yuan.

On the eve of the Spring Festival in the Year of the Rabbit, the people of western Guangdong received good news: the preliminary design report of the Guangdong Water Resources Allocation Project around the Beibu Gulf (hereinafter referred to as the “Huanbei Project”) was approved by the Ministry of Water Resources, and the project entered the stage of full implementation.

The determination to fully stabilize the economy and investment is growing.

Wei Kaixuan, senior analyst of GF Securities Construction, said that the issuance and flow of special bonds were the driving force for the continuous formation of physical workload in the future.

This year, the economy still needs the certainty of capital construction.

Recently, the regulatory authority issued the special debt quota of local government in 2023 in advance, as well as part of the general debt quota issued along with it.

Among them, there are 531 key infrastructure projects with an annual planned investment of 615.9 billion yuan, accounting for 61.6% of the annual planned investment of all projects.

In the first half of the year, the capital construction will continue to grow steadily in the South Australian sea area, and the sea breeze will sweep away.

This water conservancy project with the largest amount of investment, the longest water transmission line and the widest water receiving area in Guangdong Province has won the financial support of 6.064 billion yuan from policy-based development financial instruments.
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Rebar Cap

At the beginning of 2023, local governments pressed the key to accelerate the construction of major projects in succession.

At the Shantou High-Quality Development Conference recently held, a number of major industrial projects were signed and started in a centralized manner, with a contract size of about 30 billion yuan and a total investment of about 5.2 billion yuan.

The “hot start” of infrastructure has attracted the attention of the capital market.

Strengthening infrastructure construction is an effective means to “stabilize growth and expand domestic demand”.

Recently, the infrastructure sector has led the rise, driving the infrastructure chain represented by home furnishing, building materials, construction and machinery to be active together.

The scope of water supply covers more than 18 million people and plays the role of lifeline of water supply.

At sea, Shantou International Wind Power Innovation Port fully promotes the development of 60 million kilowatts of offshore wind power resources; On the land, the planned construction mileage of Guangdong Provincial Transportation Group is about 1700 kilometers, with an estimated investment of more than 230 billion yuan; In the air, the construction of Baiyun Airport Phase III, with an investment of 53.76 billion yuan, will be accelerated this year to form a physical workload…

Zhang Yu, assistant director and chief macro analyst of Huachuang Securities Research Institute, said that the foundation of consumption recovery in the first half of the year was still not solid, and the infrastructure construction would move forward to stabilize growth.

Guangdong, the largest province in the economy, has set up a special sub-venue at the Provincial High-Quality Development Conference to “pay close attention to the construction of key projects and major platforms, and fully promote the implementation of effective investment”.

On the vast blue waves, the wind turbines are in a neat array, and the white fan blades rotate against the wind.

The “spring offensive” of infrastructure construction has already reflected its pulling effect on demand – the demand for cement has surged and the price has risen.

The gusts of sea breeze are thus converted into clean electricity, lighting up every corner of the city.

Under the construction boom, what will be the performance of infrastructure investment this year? What is the pace of infrastructure construction with the development of finance and finance? How does the “spring offensive” of infrastructure reflect the thinking of local governments? The reporter interviewed experts and scholars to interpret the new trend of policies behind infrastructure investment.

The North Ring Project takes water from the main stream of Xijiang River in Yunfu City, passes through Yunkai Mountain, and transfers water to Leizhou Peninsula.

Up to now, 28 provinces have announced the growth target of fixed asset investment in 2023, of which 11 provinces have set the growth target of more than 10%, and Tibet, Hainan and Xinjiang are respectively about 13%, 12% and 11%, ranking the top three.

The “Spring offensive” launched early and vigorously, and began a “big competition” to promote the economic operation of the whole year.

The use of policy-oriented and financial development tools has also enhanced the capital momentum of infrastructure construction.

In 2022, China moderately carried out infrastructure investment ahead of schedule.

More physical workload accelerated the construction of major projects, and policy support continued to work.

The amount of special debt and general debt approved in advance is 60% of the new amount in 2022, reaching the upper limit of the authority of the regulatory authority.

According to the budget reports from 31 provinces (autonomous regions, municipalities directly under the Central Government) in the country, the Ministry of Finance issued in advance a new limit of 2.19 trillion yuan of special local government debt in 2023, a record high, a significant increase of 50% over the previous year.

At the meeting, Guangdong announced that 1530 provincial key projects will be arranged in 2023, with a total investment of 8.4 trillion yuan and an annual planned investment of 1 trillion yuan.