Investment in local projects may be appropriate to accelerate in full swing stat
Program objectives, and now for the (NDRC) objectives. "Western people in a provincial Development and Reform Commission and Investment, said recent investment projects are being urged to speed up the construction pace throughout.
It is understood that the completion of the whole society in the region last year invested 377.8 billion yuan, and this year's target of 500 billion (the beginning of the government work report program objectives) and 600 000 000 000 (local Development and Reform Commission goals).
National Bureau of Statistics released on November 11 reported that from January to October this year, the national investment in new projects 12.461 trillion yuan, up 81.1%. National Development and Reform Commission pointed out a related, currently launched to speed up investment around, but in fact did not keep up with matching funds, many of the EIA, planning had failed to catch that next year the State will never again have such a high credit support, the country is expected to The investment will slow down.
Launched local projects to accelerate According to National Bureau of Statistics data released on the 11th, 1-October, urban investment in fixed assets 15.071 trillion yuan, up 33.1% over the same period the previous year to speed up by 5.9 percentage points. Than from January to September fell 0.2 percentage points.
For the slightly slower investment growth, the newly appointed National Bureau of Statistics spokesman for Sheng to transport that the first three quarters of view, investment and consumption contribute to economic growth is crucial. With the fourth quarter reduction in new projects, investments will be down. Therefore, the contribution of consumption to the economy there will be some upgrading.
Industrial data as an example he pointed out that this shows the steady rise of the economy's trend has been established, further consolidation is still the basis of recovery.
Many local governments also holding a similar view that the economy is still unstable, we must continue to accelerate investment.
To the above areas, for example, investment growth in the region has been a slight drop in September. From January to September total fixed asset investment in the region completed 368.102 billion yuan, up 52.1%, an increase of more than 5.6 percentage points down in the first half of this year.
A research report to identify the region, where rapid growth in investment, but some progress Pianman major projects. Some projects such as site selection and the "two rules" does not match requirements, land acquisition and removal more difficult, tight construction funds, local matching difficulties, some owners "prudent investment" and other factors, led to some slow progress of major projects.
Local provincial level, the annual investment in major projects completed only 59.3% over the first three quarters to complete the whole social investment objective of the low level of 2.1 percentage points slower than the 15.7 percent rate of progress.
Investment in Guangxi Bureau of Statistics Director Li Yong pointed out that the demolition of some parts of the rising costs, increasing the cost spent, this will affect the project process. For some backward areas, still need to support the development of large projects, this is an indisputable fact.
Country or an appropriate slow down investment
NDRC pointed out a relevant, local investment has been accelerating the pace of this year, but there are practical problems, such as matching funds do not, the environmental assessment and planning can not keep up, fund management is not standardized, not conducive to the final completion of the project.
End, next year, the State may take measures to slow down the pace of investment appropriate. "For instance, so soon as this year's credit is not possible, even if local to rapid investment, and no good support." The NDRC source said.
First three quarters of this year, total new RMB loans reached 8.67 trillion yuan, the growth rate over 30%, well above last year's 4.9 trillion at the end of the year to determine the level of new credit.
End, chief economist with Bank of Communications Ping judge, RMB 2010, commercial bank loans will grow 8 trillion -9 trillion yuan, the growth rate of 20% -22% lower than this year's growth .
As new construction projects across the country are still in high investment, which means that next year's investment will accelerate growth.
In 2004, due to investment growth above 40%, triggering the state's macro control to prevent the economy overheating. NDRC investment researcher China Investment Association, Han-sub, also known as, under the current plan to work on high-growth items, the true construction of a large number of inputs in the first half of next year. The rapid growth in investment is indeed China's economic recovery, but to guard against the potential risk of overheating. More "" HC refractory Network China Refractory Information Network China Refractory Network
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