Four Ministries report 4 trillion investment progress new investment most of the implementation

"As at the end of April this year, three central investment project plans have been issued more than 90%."　　"May 27 afternoon State Council News Office press conference, Deputy director of the National Development and Reform Commission Mu Hong said." In response to the international financial crisis, the Chinese government allocated 100 billion yuan and 130 billion yuan central new investment in the four quarter of 2008 and early 2009. Since April, the third batch of new central investment was $70 billion. From hundreds of billions of dollars to $70 billion, some worry that perhaps the central government's new investment has weakened. Today's focus May 28, 2009 "After the recovery was established that the very intervention was canceled" Mr Geithner said that once the US economic recovery was firmly established, it would relax or withdraw the various extraordinary policy interventions that had been taken. Morgan Stanley Real Estate "bribery door" survey of private enterprises in Zhejiang Province: Who is the real bankrupt May large shareholder reduction of 600 million shares or the face of the intermission of up to 500 billion: May credit return rational oil price adjustment cycle to the NDRC to weigh the timing of this, Mu Hong in the interview with this reporter clearly pointed out that the central new investment in succession　　, the central authorities are in accordance with specific project prophase work to grasp the speed of funds allocated, rhythm, "follow-up there are arrangements, the strength has not weakened." In the process of investment funds allocated, CCDI supervision, development and Reform Commission, the Ministry of Finance, Audit Office and other departments of the monitoring and inspection are closely followed.　　The relevant departments in the capital issued speed, investment and other aspects of the affirmation, but also put forward, including local matching funds in place rate low, the Department project management is not standardized and so on a series of issues to be corrected.　　In the view of Shaochun, deputy finance minister, the next step is to implement the 4 trillion economic stimulus package, "the most important is the implementation of local supporting funds."　　"Not weakened" the latest data from the Ministry of Finance show that the 2009 public investment budget of the central government is 908 billion yuan, as of April 30, has been issued 518.9 billion yuan, to complete the budget of 57.1%. Among them, the fourth quarter of 2008 to the first quarter of this year, the state has arranged the central new investment total of 230 billion yuan.　　The main content of the central new investment is to guarantee housing, rural livelihood projects and rural infrastructure, major infrastructure, health education and other social undertakings, environmental protection projects, independent innovation and structural adjustment.　　This April, the State Council in the analysis of the first quarter of the economic situation after the deployment of the third batch of central investment 70 billion yuan. "This time more focused on the six major areas of the most direct economic growth, the most powerful and most effective areas."　　Mu Hong said that this includes the ten key industries to adjust and revitalize the planning implementation, the promotion of structural adjustment and independent innovation projects, has also been issued more than 56 billion yuan, the remaining investment plans will be issued in the near future.　　These arrangements do not include funds earmarked for central finance to restore and reconstruct the Wenchuan earthquake. Mu Hong pointed out that the timely commencement of these projects and speed up the construction progress, formed a favorable spot pull, which already has a number of projectsCompleted and put into production, play the benefit. Under the impetus and influence of the central government's investment, 1-April The national urban fixed assets investment rose 30.5%, higher than the same period last year and the first quarter of this year.　　The total planned investment in the newly-started project has increased by 70.8%, and investment in the central investment-driven sector has accelerated significantly.　　After the meeting, in response to this reporter about the central new investment in the intensity, rhythm control questions, Mu Hong explained that the central new investment funds in succession, each of the capital arrangements, although covering the above six aspects, but the specific arrangements for the project still have different focus. In this process, the National Development and Reform Commission is mainly in accordance with the preliminary preparation of the project to grasp the "pass", and the financial department is based on the implementation of the project to grasp the funding progress, so each batch of funds will be adjusted changes. When it comes to the dynamics of change, Mu Hong a clear answer, "(Central new investment) There are follow-up arrangements, the strength has not diminished." "Can not ignore the problem of the central government to increase investment, will not relax the demand for energy saving and emission reduction?" Will the funds be in place in time and in full?　　4 trillion is the implementation of the stimulus plan smooth? "The new central investment in the project arrangement and the use of funds are basically in line with the central provisions of the direction and requirements, did not find serious violations of the law."　　"China's inspection committee, Vice Minister of the Ministry of Inspection Wei said.　　Wang Wei's message is "the central government to expand domestic demand for economic growth policy implementation of the inspection work leading Group" (hereinafter referred to as "leadership group"). November 20, 2008, approved by the Central Committee of the CPC, the group was established, led by CCDI Wing, the National Development and Reform Commission, the Ministry of Finance, the Audit Commission as member units　　1 immediately, the "leadership group" formed 24 Central inspection units, at the end of November 2008 to January 2009, March 2009 to the end of April, Fenfu 31 provinces (districts, municipalities) and Xinjiang Construction Corps to carry out two rounds of inspections. The two rounds of inspections by the leadership team and the audits of the National Audit Office show that 230 billion yuan Central investment plan and budget basically issued, the regions basically according to the provisions of the decomposition issued by the Regional Investment plan to ensure the central key investment areas identified, did not find new investment in the "two high" industry and overcapacity industry projects,　　Also did not find for party and party office building and other absolutely projects.　　While affirming the overall situation, the inspection of the "leadership team" and audit of the Audit Office also found a series of problems.　　On the one hand, local supporting funds in place rate is low. Audit key spot check of 18 provinces (district, city) 335 new investment projects, a total of 24.859 billion yuan project investment plan. The central budget investment of 8.669 billion yuan, local governments at all levels supporting 6.894 billion yuan, bank loans, enterprises self-financing and other supporting 9.296 billion yuan.　　As of the end of March 2009, the total funds in place rate of 64.03%, of which the central budget investment funds in place rate of 94.01%, local supporting funds in place rate of 47.98%. On the other hand, some project management is not enough specification,The progress of the target did not fully meet the expected requirements. This mainly shows that the project preparation is not enough, some construction conditions have not been fully implemented, resulting in some of the new investment funds in idle state; some central units of new investment projects have not completed the bidding and contract signing work, the project progress is relatively slow　　, some regions or project units will use the new investment to repay the arrears of the previous works, and have not formed a new kind of workload; the problem of misappropriation of project funds is also existed in the relevant departments of individual regions.　　"The most important is the implementation of local supporting funds," according to the Ministry of Finance estimates, the central government has now issued 230 billion central government new investment, the need for local government supporting 170 billion yuan.　　In view of the lower than expected local revenue this year, coupled with some tax and incremental factors, affecting the central Investment project local supporting funds in place, the State Council decided to issue 200 billion yuan of local government bonds.　　At the beginning of this year, the NDRC issued a notice to strengthen the management of the Central Investment Project, and in April with the Ministry of Finance emergency issued the implementation of local supporting funds and speed up the progress of the notice, requiring all localities, departments to focus on the project start rate, local funds in place rate, do a good job On the other hand, with the approval of the State Council, the National Development and Reform Commission, in accordance with the principle of "maintaining pressure", adjusted the proportion of project capital, reducing the capital ratio of infrastructure, basic industries and other projects needing to accelerate development.　　At the same time, it has increased the capital ratio of projects which belong to the "two high capital" requirements. At the same time, the National Development and Reform Commission increased the approval of corporate bonds issued work progress. Since this year, the cumulative issuance of corporate bonds 143.8 billion. Increased credit support.　　In the first quarter of this year, new types of loans 4.58 trillion yuan, including the new medium and long-term loans 1.87 trillion yuan, the year-on-year increase of 1.07 trillion yuan. By the end of April, the place had been in place with 88 billion of the matching funds before the debt was issued. With the issuance of 200 billion of local government bonds in place, 23 provinces now issue 26 issues of 111.8 billion bonds. "Our overall judgment, with these funds in place, the local matching is guaranteed."　　Shaochun told reporters. However, if simple to 2,300:1700 this proportion of the calculation, 1.18 trillion central investment, need local supporting 800 billion or so funds.　　After 230 billion, the follow-up of the central new investment capital of local matching how to solve?　　Shaochun stressed that to ensure that the central government investment in local supporting funds can be fully implemented, the most important thing is to arrange the priority of local government matching funds, priority for the central government to add 230 billion investment projects of local governments supporting. Other projects or local projects in the central government can be arranged only after the local support for the new investment is fully met.　　Local projects are also mainly arranged for people's livelihood projects. Shaochun pointed out that, if the individual local matching insufficient, must adjust the investment structure, give priority to ensure the people's livelihood projects, to ensure the central investment projects. "ToIn the railway, the machine Taste the highway, the urban rail transit these can the market investment project, should through the market way to raise the fund. ”