The total target of intensive signing of new economic projects in many places exceeds 100 billion

　　Recently, relevant departments have frequently emphasized accelerating the development of new kinetic energy and forming new economic growth points. At the same time, many places intensively signed major new economic projects with a total scale of 100 billion. Integrated circuit industry investment funds, manufacturing transformation and upgrading funds, etc. are also rushing to help. The industry pointed out that accumulating new kinetic energy and developing a new economy have become an important focus for stabilizing the economy. In the fourth quarter, local or overweight layout of new infrastructure, new consumption, and intelligent manufacturing are expected to usher in greater support.

　　The third quarterly economic report released by the National Bureau of Statistics on the 19th shows that the driving force for industrial transformation and development has been significantly enhanced, and the new kinetic energy represented by the Internet economy has grown against the trend. Liu Aihua, spokesperson of the National Bureau of Statistics, said that the driving role of new infrastructure and new consumption such as 5G construction and rail transit is increasing. "The new economy has a very significant driving role in the overall economy."

　　In fact, in many places, the proportion of new economy in regional GDP continues to rise. According to the data released by Beijing Municipal Bureau of Statistics, the proportion of new economy in the city’s regional GDP is close to 40%; In addition, the added value of Guangdong’s new economy accounts for nearly 30% of the regional GDP.

　　In the fourth quarter, relevant departments and localities made intensive voices, emphasizing greater efforts to tap new economic potential.

　　On October 12th, the video symposium of the main leaders of some local governments on the economic situation emphasized the need to accelerate the development of new kinetic energy. Actively mobilize market forces, develop new formats and new models, promote the accelerated integration of online and offline consumption, and promote the synergy between new and traditional consumption, so as to release the consumption potential to stimulate economic growth more effectively. Focusing on promoting economic transformation and upgrading, we will follow the law, solidly promote the construction of "two new and one heavy" projects, and tap more new and effective investment growth points in ecological environmental protection and key technology research.

　　Locally, it is also intensively deployed. The meeting of the Financial and Economic Working Committee of Shanghai Municipal Committee held on October 13th pointed out that it is necessary to accelerate the development of innovative economy, service economy, open economy, headquarters economy and traffic economy, promote the expansion and empowerment of various flows such as talents, capital, technology and information, promote the growth of emerging flows such as big data, cloud computing and artificial intelligence, and vigorously cultivate a new online economy. We must continue to make efforts to create a "first-time economy", "night economy" and "tax refund-free economy".

　　On October 18th, the Zibo Municipal Government of Shandong Province presented "Several Policies on Supporting New Economic Development" at the New Economic Development Conference. It is proposed that by 2025, 4-5 billion new economic industries will be cultivated, and a number of nationally renowned and industry-leading industrial clusters with new economic characteristics will be built. The scale of the city’s new economy will exceed 200 billion yuan.

　　In this regard, Liu Xiangdong, deputy director of the Economic Research Department of China International Economic Exchange Center, told the Economic Information Daily that due to the epidemic and other factors, the kinetic energy of economic development has shown signs of weakening. To achieve the established development goals, it is necessary to accelerate the development of new kinetic energy, make full use of digital tools to promote consumption upgrading, cultivate a strong domestic demand market, and form a new impetus to support high-quality economic development.

　　To develop new economy and new industries, the major project is "Niu Nose". The reporter noted that major new economic projects with a total scale of 100 billion have been intensively signed in many places recently.

　　At the just-concluded Third Digital China Construction Summit, Fujian collected and sorted out a total of 607 digital economy docking projects with a total investment of 439.2 billion yuan, including 426 contracted projects with a total investment of 331.6 billion yuan, up by 38.3% and 31.6% respectively, covering frontier fields such as artificial intelligence, 5G, industrial Internet and blockchain.

　　Previously, Chengdu held a centralized contract signing activity for attracting investment from the new economy, covering six new economic forms: green economy, flow economy, creative economy, digital economy, sharing economy and intelligent economy, including more than 30 new economic industries such as artificial intelligence and advanced manufacturing.

　　At present, Chengdu has signed more than 100 new economic projects, with a total planned investment of nearly 200 billion yuan.

　　Gao Ruidong, chief macro analyst of Guotai Junan Securities, told the Economic Information Daily that the batch landing of major new economic projects is an important support for economic development. He pointed out that although the domestic economy is accelerating recovery, household consumption is still weak, and there is still room for improvement in corporate investment confidence. Cultivating new kinetic energy, developing new economy, giving full play to the advantages of super-large-scale market, and further tapping the potential of domestic demand play an important role in coping with external uncertainties and boosting the confidence of residents and entrepreneurs.

　　It is worth noting that while major projects in the new economy have landed in batches, manufacturing transformation and upgrading funds and integrated circuit industry investment funds are also making efforts to help. The Ministry of Industry and Information Technology said recently that it will actively guide the national manufacturing transformation and upgrading fund to pay attention to and support key projects and key enterprises that are in line with the national strategy and have advantages in the field of power batteries. Zhuhai recently issued a document requesting that the Municipal State-owned Assets Supervision and Administration Commission (SASAC) take the lead in setting up an investment fund for the integrated circuit industry with a scale of not less than 10 billion yuan, focusing on supporting the introduction of basic, strategic and major projects in the city’s integrated circuit industry, as well as mergers and acquisitions and new (expanded) construction of local enterprises.

　　In this regard, Gao Ruidong pointed out that on the one hand, the industrial transformation fund can play a guiding and promoting role of financial funds, and promote the transformation and upgrading of local industries, economic restructuring and optimal allocation of resources; On the other hand, we can focus on supporting industries with obvious basic, driving and strategic characteristics, strengthen the combination of upstream and downstream of the industrial chain, and accelerate the formation of industrial agglomeration. In addition, compared with traditional industries, the development of new economy, such as high-tech industries, needs more stable policy support and strong financial support. Local governments take the lead in setting up industrial guidance funds, which is also a common mode overseas.

　　In the industry’s view, in the fourth quarter, local governments will lay out new infrastructure, new consumption and intelligent manufacturing around the new economy, which is expected to usher in greater support.

　　"At present, social capital has a high investment enthusiasm in new infrastructure, new formats and new models, mainly because these new market areas have development prospects and can improve the return on investment of enterprises, driven by policy incentives and demand." Liu Xiangdong said.

　　In Gao Ruidong’s view, the new economy covers a wide range, involving primary, secondary and tertiary industries, including high-tech industries, industrial upgrading of traditional industrial manufacturing, and the renewal and integration of rural industries and modern science and technology. Due to the low entry threshold and mature profit mechanism of the secondary industry, social capital is mainly concentrated in the industrial upgrading of traditional industrial manufacturing. "However, in the process of promoting the landing of new economic projects, we must not only rely on top-level design, but also pay attention to ensuring the implementation of supporting finance, taxation, capital and intellectual property protection, and quickly respond to problems encountered in the whole process of production chains such as R&D, production and sales."

　　Liu Xiangdong reminded that in promoting new economic projects, it is necessary to avoid rushing to projects, formulate policies across the board, guide the healthy development of investment in accordance with the principle of marketization, reduce redundant construction and invalid investment, enhance effective investment, promote high-quality construction, and effectively adapt new supply to the upgraded demand.