Since the beginning of this year, investment and construction in many fields have made remarkable efforts. On April 9, the reporter of Securities Daily learned from China National Railway Group Co., Ltd. (hereinafter referred to as "National Railway Group") that in the first quarter of this year, the national railway fixed asset investment completed 106.5 billion yuan, a year-on-year increase of 3.1%. 447 kilometers of new railway lines were opened, including 233 kilometers of high-speed railway.
Pang Ming, chief economist and chief strategic analyst of Huaxing securities (Hong Kong), said in an interview with the reporter of Securities Daily that at present, China's economic development faces many internal and external uncertain factors. Macro policies should combine cross cyclical regulation and counter cyclical regulation, strengthen efforts to boost domestic demand and play a key role of investment. Railway construction is not only related to the national economy and the people's livelihood, but also an important starting point for stable investment and growth.
According to the relevant statistics of the Ministry of transport, in March alone, the national railway fixed asset investment reached 50.2 billion yuan, a year-on-year increase of about 6.8%.
Fu Yifu, senior researcher of Xingtu Financial Research Institute, said in an interview with Securities Daily that on the one hand, railway construction plays a strong leading role in the economic development of underdeveloped areas, which can greatly improve the local industrial development environment, provide channels for the convenient flow of modern economic production factors such as capital, talents and information, and then drive the local economic development and residents to get rich; On the other hand, strengthening railway construction can optimize the pattern of regional economic development, break regional barriers, strengthen regional linkage, and provide guarantee for China's regional integration and coordinated development. At the same time, railway construction will effectively drive the growth of infrastructure, cement, steel and other basic industries, effectively stimulate employment and help China's high-quality economic development.
Water conservancy construction is another important area of infrastructure investment. Zhang Xiangwei, director of the planning and Planning Department of the Ministry of water resources, recently revealed that 107.7 billion yuan of water conservancy investment had been completed in the first quarter of this year, an increase of 35% compared with the same period last year.
"It can be seen that since this year, China's infrastructure investment has accelerated to pick up, and the project construction funds are also accelerating to be in place." Fu Yifu said that from the perspective of the whole first quarter, the growth rate of infrastructure investment may be 8% to 10%. With the further implementation of relevant policies, infrastructure investment is expected to continue to accelerate faster than expected and open up more room for growth.
Zheng Houcheng, director of Yingda Securities Research Institute, said in an interview with Securities Daily that due to the year-on-year increase of 8.1% in infrastructure investment in the first two months and the good performance of construction PMI in March, the growth rate of infrastructure investment in the first quarter is expected to fluctuate between 7.0% and 8.5%.
