The hottest infrastructure stimulates domestic dem

2022-08-22
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Infrastructure stimulates domestic demand: the 5trillion yuan investment plan of the Ministry of transport is released

Infrastructure stimulates domestic demand: the 5trillion yuan investment plan of the Ministry of transport is released

China Construction machinery information

Guide: the Ministry of transport summarized the highway construction projects reported by all provinces that can be started before 2010 and completed by the end of 2013, including roads under construction, planned highway projects Projects such as rural roads and roads that can be started in advance have a total investment of 4.88 trillion yuan. Plus the construction of waterway and port

the Ministry of transport summarized the "road construction projects that can be started by 2010 and completed by the end of 2013" reported by all provinces, including roads under construction, planned road projects, rural roads and roads that can be started in advance, with a total investment of 4.88 trillion yuan. In addition, the construction of waterways and ports is mainly the construction of inland waterways of the Yangtze River, with an annual planned investment of about 120billion. The total of the two is 5trillion yuan

on November 6, outside the conference room on the third floor of Shangri La, Dalian, there was a bustling crowd of shipping, port, steel, coal, shipbuilding and other enterprises from all over the world, as well as high-level financial institutions such as Morgan Stanley, whose two sides of the crack were sometimes opened and sometimes closed by alternating stress. "Never before has the annual meeting been so crowded!" Cheng Kaisheng, the captain of Shanghai Simpson shipping Consulting Co., Ltd., curled his lips and said with a wry smile, "the world is bad. Everyone came to hear the news."

the sudden decline of the shipping market caused pessimism to spread inside and outside the venue. Stephen Roach, chairman of Morgan Stanley Asia Pacific, expects China to take more active measures to rescue the market. Xu Zuyuan, Vice Minister of the Ministry of communications, said that transportation will always be in the stage of large-scale construction and investment. Cao Desheng, deputy director of the Department of water transport, confirmed in an exclusive interview on the same day that the Ministry of communications is indeed brewing a 5 trillion investment for a period of 3-5 years

stimulating domestic demand

Han Yongwen, Secretary General of the national development and Reform Commission, said in a media interview a few days ago that in recent months, the international economic situation has changed dramatically, the financial crisis has intensified and spread to the real economy, and China's economy has been integrated into the world, which will inevitably be affected. At present, the prominent problem of China's economy is the increasing downward pressure on growth. Relevant parties of the state should pay close attention to the study of regulatory policies to further increase investment and start domestic demand, so as to inject new impetus into economic growth next year

among the various measures to stimulate domestic demand, transportation infrastructure has obviously become the leading force to stimulate domestic demand. On October 27, hehuawu, chief engineer of the Ministry of railways, confirmed to the State Council that the State Council had approved a railway investment plan of up to 2trillion yuan. Subsequently, the Ministry of transport also announced a huge investment plan

Dong Yan, former director of the Comprehensive Transportation Research Institute of the national development and Reform Commission and current Secretary of the Party committee, revealed to the public that after the package of infrastructure construction projects approved at the executive meeting of the State Council on October 21, the Ministry of communications urgently convened a number of transportation experts to discuss the acceleration of transportation construction and investment in closed doors on October 28 and 29

at present, the transportation expert seminar at the end of October is a preparatory meeting for the Ministry of transportation to make investment plans. Yu Jun, an analyst at CITIC Securities, revealed that the Ministry of transport was submitting a 5trillion yuan investment plan to the State Council for approval

Yu Jun said that the Ministry of transport summarized the "road construction projects that can be started by 2010 and completed by the end of 2013" reported by all provinces, including roads under construction, planned road projects, rural roads and roads that can be started in advance. The total investment scale of these projects reached 4.88 trillion yuan. In addition, the construction of waterways and ports is mainly the construction of inland waterways of the Yangtze River, with an annual planned investment of about 120billion yuan. The total of the two is 5trillion yuan

according to Yu Jun's calculation, the average annual investment in highway construction in the next five years is about 980 billion yuan, which will be 160% of the original plan. It is estimated that 60% of the investment will be in highway construction, 20% in national and provincial highway construction, and 20% in rural highway construction

in an exclusive interview with this newspaper on November 6, Cao Desheng confirmed that the Ministry of communications does have a 5trillion investment plan, which plans to invest 5trillion in the construction of transportation infrastructure in 3-5 years. However, Cao Desheng revealed that according to his knowledge, the 5trillion investment plan is not a new project, but a project to be invested and constructed in the "Eleventh Five Year Plan" for highway and waterway transportation development, and those included in the plan are projects that have completed the preliminary work, passed the engineering feasibility study report, and can start construction immediately. "New items are not included"

according to the goals set in the plan, the total mileage of highways in China will reach 2.3 million kilometers in 2010, including 65000 kilometers of expressways, 450000 kilometers of roads above class II and 1.8 million kilometers of county and township roads. 100% of towns and villages with access conditions are connected to roads, 95% of towns and villages and 80% of villages are connected to asphalt (cement) roads. There are 1752 deep-water berths in coastal ports, with an annual total capacity of 4.6 billion tons, and 10600 kilometers of inland river class III and above channels that can pass ships of 1000 tons and above

Cao said that the Ministry of Communications' huge investment this time was mainly in highway facilities and port and wharf investment. The specific investment direction is expressway, national highway and rural highway, as well as waterway and large public wharf. Among them, water transportation tends to inland waterways, especially the construction of trunk waterways. The proportion of investment in roads and waterways will reach about 4:1. "Maybe there will be some adjustments"

in view of whether it is necessary to invest such a large amount of money in transportation facilities and the fact that the current port investment has been excessive, there should be no doubt that too much investment is needed. Cao Desheng said that at present, there is a structural imbalance in domestic ports, and the investment should be made in large specialized terminals, such as coal, grain, crude oil terminals, etc. "Now the berths for coal transportation are still far from enough"

capital demand

the news of 5trillion investment just appeared, which excited the market

on November 5, the stock market experienced a rare recent boom, with cement and transportation infrastructure sectors bearing the brunt. In fact, the transportation industry has been favored by the market, especially institutions, in recent months. According to the third quarter report disclosed by the fund company, the proportion of the market value of transportation stocks held by the fund in the total market value of stocks held by the fund in the third quarter increased from 5.31% in the second quarter to 6.27%, which is the first increase in the proportion of positions in the industry in the past year

however, it does not include the aviation transportation sector to reduce the impact of packaging waste on the environment. The shipping market has become the focus of market selling in recent months due to its strong periodicity

"if the market does not recover within a year, half of the shipping companies will go bankrupt." Wanghaifeng, general manager of Tianjin international shipping company, said that the current shipping market is extremely bleak. Unlike the shipping downturn of the past two decades, the sharp fall in freight rates is not fatal, and the worst thing is that there is no supply of goods. "There is a fire in the whole economy, and there is no market that can avoid risks."

in this case, all shipping enterprises are expecting the government to take strong economic stimulus measures. "China is investing huge amounts in railway and transportation to stimulate domestic demand, so the difficulties in the shipping market are temporary and will rebound next year." Wei Jiafu, President of COSCO Group, said excitedly to

"a dollar invested in water can stimulate domestic demand by 33 yuan." Cao Desheng believes that investment in waterways, after the completion of waterways and wharves, will form industries and stimulate economy and employment. "Investment in trunk waterways can stimulate employment of 15million people."

"the country's move is not so much out of consideration of economic benefits, but rather out of consideration of a strategic height." Wang Nuo, vice president of the Shipping Development Research Institute of Dalian Maritime University, believes that the reason for the country to increase railway investment is that there is indeed a huge "historical legacy" in railway construction, and the railway construction has an obvious pulling effect on the economy. However, the current investment in transportation infrastructure such as roads and water transportation does not necessarily yield good returns. "Since there are 5trillion investments, it is necessary to have a profit return of at least 500billion a year. Is this possible at present?"

it is understood that after the financial crisis in 1998, the country also implemented the way of stimulating domestic demand by road investment, which achieved remarkable results at that time and was considered to be an important strategy for China to get out of the shadow of the financial crisis. However, some things are different this time. For example, at that time, China's highways were not perfect, and after several years of development, the country has basically paved dense highways, especially in the eastern region. In the next few years, what the country needs to improve is the "intimate housekeeper" and rural roads from the central and western regions to life. The operating efficiency of the latter is far lower than that of the eastern expressway, so it will be much more difficult in terms of financing

Cao Desheng revealed to that how much national investment and social capital will be at present has not been discussed. "The country is still measuring the scale of the whole plate, and then it can determine the proportion of investment, and then determine the nature of funds." Cao said

Yu Jun said that the source of 5trillion yuan of investment funds will be multi-channel financing, including all funds from the national budget, special funds of the Ministry of communications, domestic loans and local self financing, rather than just the Ministry's special funds. The plan is highly likely to be approved. After approval, it will be used as a reserve to "maintain growth" at any time. If the investment of nearly 5trillion yuan is completed on schedule, the construction will continue until 2013

Xu Zuyuan, Vice Minister of the Ministry of Communications: China's port construction is not overheating

shipping industry reshuffle. COSCO said it would not rule out the future acquisition of some high-quality shipping enterprises

"although the current panic dominates the market and there are concerns in the future, shipping enterprises should still be confident in the shipping industry." Behind the speech made by Wei Jiafu, President of COSCO Group, at the "2008 International Shipping (China) annual meeting" yesterday, is the concern of the entire Chinese shipping industry about the current market

Xu Zuyuan, Vice Minister of the Ministry of transport, said at the meeting that the shipping industry has recently shown a "free fall" decline, and the profits of shipping enterprises have been squeezed to a bare minimum, or even negative growth, and the shipping market has begun to enter the "winter season"

at yesterday's annual meeting, almost all shipping companies interviewed by China business news were not optimistic about the development trend of the shipping industry in the fourth quarter of this year and next year. Zhangfusheng, vice president of COSCO Group, told: "at present, the impact on the shipping market is becoming more and more obvious against the background of the slowdown of global economic growth. I think this impact is not short-term, but will last for a period of time."

since the second half of this year, the global shipping market has experienced a sharp decline. "Now many small enterprises have stopped shipping, because of the rise in fuel prices and the sharp decline in freight rates, many enterprises are losing money in transportation, and some enterprises have even closed down, resulting in a serious lack of market confidence." Lvxiaochun, director of the office of Qingdao Ocean Shipping Co., Ltd., told, "the fluctuation of the shipping industry is also the time for the shipping industry to reshuffle. I predict that about 1/3 of small enterprises will be reshuffled out. This is cruel, but it will be conducive to the concentration and development of the whole industry."

since the second half of this year, the Baltic composite freight index (BDI), which reflects the spot market of dry bulk shipping, has fallen rapidly from more than 11000 points in May this year to less than 1000 points, down more than 80%, hitting the lowest point in five years

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