In response to
novel coronavirus epidemic, China has implemented
new infrastructure development. The “new infrastructure” mainly includes 5G infrastructure, UHV, intercity high-speed railway and intercity rail transit, new energy vehicle charging piles, big data centers, artificial intelligence, and industrial Internet. Large area.
Judging from the recent distribution of investment projects issued by the central and local governments at various levels, "new infrastructure" can be divided into two general directions.
One is represented by 5G, supporting infrastructure construction with scientific and technological innovation and industrial upgrading as the core areas, covering 5G base station construction,
cloud computing, industrial Internet, big data, Internet data center, Internet of Things, etc. . Among them, 5G has undoubtedly become the grasper of the "new infrastructure". In the next 7 years, China plans to build 6 million 5G base stations. On this basis, it will accelerate the pace of 5G commercialization, especially the construction of independent networking, promote the integration of 5G + industrial Internet, and deepen 5G and vertical industries such as industry, medical, education, and car networking. Integration development.
The second is the so-called "shortcomings" field, which includes the traditional shortcomings in the field of infrastructure or emerging sub-sectors. For example, the State Grid Corporation of China has recently issued key work tasks for 2020, with smart grid construction as a key task, driving investment scale to rise. In response to the shortcomings of public health displayed during
novel coronavirus epidemic, the investment projects recently disclosed by the local authorities have significantly increased investment in medical and other fields.
As we all know, the "troika" with investment, consumption, and export as the core is an important means of stimulating economic growth. However, when
novel coronavirus epidemic is still spreading worldwide, industries such as consumption and exports are still hit hard. The economy The pulling effect is severely restricted. In contrast, large-scale infrastructure investment is a more direct and faster tool for steady growth. "New infrastructure" is different from the traditional infrastructure represented by "Tie Gongji" and real estate. It emphasizes information technologies such as 5G, Internet of Things, artificial intelligence, and industrial Internet, and gives traditional transportation and urban infrastructure information. Chemical construction has the dual attributes of technology and infrastructure. Giving full play to the role of "new infrastructure" is of even greater significance for unlocking China's economic growth potential and enhancing long-term competitiveness.
In fact, before the outbreak of
novel coronavirus epidemic, we were already looking for new trillion industries that could support economic growth in addition to real estate and automobiles, 5G, big data, artificial intelligence, cloud computing, industrial Internet and Internet of Things. Technology has high hopes, hoping to become a strong endogenous driving force of economic growth. After the outbreak, on the one hand, there was a strong demand for the digital economy and smart manufacturing. On the other hand, it also provided possible application scenarios for these information technologies, catalyzed the production of related applications, and promoted the development of related platforms and industrial chains. .
From the perspective of regional economy, the development of "new infrastructure" also provides an opportunity to bridge the digital divide and narrow the regional gap. Among the key construction projects announced in this round, among the 980 major projects released by Henan Province, there are as many as 674 industrial transformation and development projects with the digital economy and advanced manufacturing as the core, and it is also proposed to achieve 5G Coverage and launch 5G large-scale commercial use across the province. Among the large-scale projects announced in Yunnan, in addition to roads and other infrastructure, "5G network full coverage" is one of the top ten projects.
From the perspective of social development, supplementing the shortcomings of people's livelihood and accelerating the construction of smart cities have become an important part of the "new infrastructure". This new outbreak of pneumonia has exposed China ’s urban management capabilities, especially its ability to respond to public health crises, improved its urban management level, strengthened the construction of a public health safety system including medical and health, public epidemic prevention, and emergency management capabilities, and accelerated wisdom The construction of cities has become a rigid need, and more investment in infrastructure construction is needed in these areas.
In the context of overall promotion of
epidemic prevention and control and economic and social development, the vigorous development of "new infrastructure" requires a series of strong policies and systems to support: First, adopt a proactive fiscal policy and increase local government special bond issuance, Optimize the investment direction of special bonds to ensure the capital investment of the "new infrastructure" project. Second, the prudent monetary policy is flexible and appropriate. It provides precise support for "new infrastructure" projects, reduces loan interest rates, increases credit lines, increases medium- and long-term loans, and reduces financing costs for "new infrastructure" projects. The third is to give full play to PPP and other financing models to attract social capital to participate in "new infrastructure" projects, and widely mobilize the enthusiasm of private and social investment.
Finally, in view of some problems that occurred in the previous round of large-scale infrastructure construction, in this round of "new infrastructure" investment, local governments must do their best to avoid the old road of blindly stimulating floods, but to develop in accordance with high quality Requires that funds be truly invested in the critical areas that are in line with industrial transformation and upgrading and make up for shortcomings in development.
