Stimulate the economy relay run new 36 draw private investment

Xiao "Editor's note" "non-public economy 36" implementation for 5 years, folk capital has been generally felt is still the threshold of public investment in the monopoly area is too high, financing bottlenecks have not seen widening.　　And the global financial crisis since the end of 2008 triggered a series of rescue measures and industrial restructuring has aroused the "new country into the people back" debate. There is no doubt that private investment is an important indicator of the endogenous dynamics of China's economic growth. In China's economy gradually out of the trough of the gateway, the economic structure of the optimization adjustment, short-term economic stimulus policies fade also to the key node.　　At this time, the State Council issued a "new 36", once again stressed the elimination of institutional barriers to private investment, can be said to be a long-term market monopoly formed by the pattern of economic imbalances launched a new round of shocks to stimulate economic vitality. After the 1997 Asian financial crisis, when China was confronted with severe external demand shocks, the Chinese government encouraged private investment and achieved astonishing success.　　It remains to be seen whether the new 36, once familiar, can once again revitalize the vitality of private capital. May 13, the State Council announced the "to encourage and guide the healthy development of private investment," a number of views, commonly known as "new 36."　　The policy was drafted last year, after several revisions and requests for comments, after the real estate regulation of the new deal, the significance of extraordinary.　　Gangming of the Economic Research Institute of the Chinese Academy of Social Sciences pointed out that the current introduction of "New 36", to make up for the overall economic downturn, but also to reverse the civil capital treatment bias. "This shows that the direction of marketization has been affirmed." "Tianmahui is very happy to be on business trip."　　As the director of the Research Department of the Chamber of Commerce in Environmental services, Tianmahui learned that the State Council's views on promoting private investment were accelerated.　　Earlier, the chamber's research report that the local municipal public utilities investment slowed down, many pipe network is difficult to support, leading to environmental protection industry investment is insufficient, mainly because the government is not enough to liberalize private investment.　　National Development and Reform Commission related people pointed out that the "new 36" Implementation of the detailed rules will be introduced, local government is expected to introduce a cohesive policy.　　Policy landing pending rules issued by the National Development and Reform Commission Investment Institute director Lo Yunyi told reporters, "The new article" 36 "and the 2005" non-public 36 "(the State Council on the encouragement of support and guidance to the private sector and other non-public economic development of a number of views), it appears relatively specific, especially for many industries separately put forward policy direction. "But many of the policies are principled and need to be further detailed."　　He told reporters. According to "new 36", private capital can enter the field of basic industry and infrastructure, municipal utilities.　　The State also encourages and directs private capital to enter the field of financial services, defense technology industry, reorganization and participation in state-owned enterprise reform and so on. "New 36" proposed to encourage private capital to invest in the construction of roads, waterways, ports, civil airports, general aviation and other projects in the form of sole proprietorship, holding and equity participation.。　　And put forward the use of private capital to set up financial institutions, to support private capital to participate in commercial banks, credit unions, such as the expansion of equity or restructuring. The policy does not specifically define the scope of private investment.　　However, Lo Yunyi pointed out that all investments other than state investment and government public investment, including Non-public investment, foreign investment can be included, the 2005 "Non-public 36" mainly refers to non-public investment, so this time to encourage private investment can be said to further liberalize the scope of restrictions.　　Analysts pointed out that, whether it is the infrastructure, finance, municipal utilities and policy housing construction areas, social undertakings, the military sector, the relevant ministries still need to be specific to the policy. "Otherwise it will not operate.　　Tianmahui pointed out that the problem now is to change the past nominally encourage private investment and actually do not encourage the issue, "new 36" is the introduction of private capital into various areas of monopoly has been reiterated.　　Private investment is urgent to start gangming that the 2005 "Non-public 36", in fact, to suppress the rectification of private investment, and the "new 36" issued, is the last year's 4 trillion investment caused by the "country into the people retreat" to reverse. "Such measures are necessary, because the real estate market regulation, the whole economy will appear downward, if not the introduction of policies to promote private investment, expected to decline in investment, drag the entire economy."　　"Gangming said.　　The central bank released the 2010 quarterly Macroeconomic Situation analysis, the first quarter of this year, private investment (non-state and state-controlled investment) growth of 30.4%, creating a new high since December 2008, the cumulative growth in private investment since 2009 more than state-owned and state-controlled investment growth rate.　　CICC, Standard Chartered Bank, judged that this year's economic growth will appear before the high and low. Standard Chartered forecasts that China's GDP growth will slow to 11% per cent in the second quarter of this year, down from 11.9% in the first quarter. Further slowed to 9% and 8% in the third and fourth quarters.　　CICC judged the economy to be roughly 9.5% for the year, down from its previous forecast of 10.5%. Gangming that the overall economic rebound is mainly by the "4 trillion" stimulus policy, this aspect of state-owned investment contribution is very large, but the contribution of private investment is limited, and private investment start-up is the endogenous power of economic growth. When private investment is up, it creates asset bubbles, such as house prices. The current real estate regulation is bound to depress prices down.　　Affected by the regulatory policy, the annual economic growth will be around 8%, below the January forecast of 8.7%, but there will not be two dip. At present, the introduction of policies to encourage private investment is conducive to change in the various areas of investment before the "country into the people retreat" situation, conducive to the overall good economic. However, gangming that, under the premise that the economy still faces downward pressure, whether the private investment opening is in place still needs to observe.