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China's economy after the epidemic, "new infrastructure" as a new driver of growth
Release time:
2023-11-10 16:51
The outbreak of the new coronavirus at the beginning of this year led to a large-scale economic standstill in China, seriously affecting the normal operation of all walks of life and people's daily work and life, and had a great impact on China's economic development.
In order to cope with the impact of the epidemic, in March, the Standing Committee of the Political Bureau of the CPC Central Committee stressed to speed up the progress of 5G networks, data centers and other new infrastructure construction, followed by the introduction of key investment plans for 2020 in various provinces and cities across the country, setting off a new round of infrastructure investment boom, with new infrastructure investment to inject new impetus into China's economy.
The urban expansion stage mainly solves the development of land resources, urban area construction, and the supply of basic production and living factors. Therefore, there is a greater demand for land acquisition and storage, land development, hydropower and energy pipeline construction, network construction, housing construction, and road construction.
Entering the urban operation stage, the city's demand for rail transit construction, comprehensive pipe corridor construction, medical and health care, old city renovation, urban smart facilities, high-end management services, etc. will grow rapidly. From the growth of construction investment in recent years, the growth of real estate construction investment The continuous decline, while the investment in infrastructure construction such as transportation, water conservancy and environmental infrastructure, and social and public services has maintained a steady growth momentum, which just reflects this trend.
In terms of infrastructure investment segmentation, new infrastructure represented by high-speed rail, intercity and urban rail transit, new energy, power grid and information infrastructure accounts for an important proportion of infrastructure investment in Guangdong. Investment in the above fields accounts for 43.7 of the total investment in infrastructure projects and 46.6 of the total annual investment in infrastructure projects, of which the proportion of investment in high-speed rail, rail transit and new energy is relatively high.
As the largest part of infrastructure investment, urban infrastructure investment focuses on urban rail transit and major development platforms (urban complex and industrial park construction and improvement). The above two areas account for 54.6 and 34.8 of the total urban infrastructure investment and 60.8 and 24.2 of the annual urban infrastructure investment, reflecting the future development direction of Guangdong's urban construction, focusing on improving the urban operation level and the overall competitiveness of the city.
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