Recently, Beijing, Tianjin, Hubei and Jiangsu provinces and other provinces and cities have kicked off. The China Securities Journal reporter found out that at this year's two sessions, “the improvement of the business environment†and “emphasis on the development of the private economy†have become the key points for the government work report. The report proposes specific measures such as streamlining the registration process, bailout private enterprises, and supporting small and medium-sized enterprises. In addition, the 5G landing is imminent, and efforts to promote the development of the 5G industry have become a highlight of the work report of local governments. This year, Beijing, Fujian, Hubei and other provinces and cities have mentioned the acceleration of the layout of 5G industry. Promoting infrastructure projects such as railways, subways, and major construction projects is also an important task for provinces and cities in 2019.
Deploy to improve the business environment
The Beijing Municipal Government's work report proposes to implement the three-year action plan for optimizing the business environment and implement the four demonstration projects of Beijing Efficiency, Beijing Service, Beijing Standard, and Beijing Integrity. The Tianjin Municipal Government's work report proposes to strengthen the construction of the business environment; to create a business environment that is convenient, has a good rule of law, is cost-competitive, and is ecologically livable. The Hubei Provincial Government Work Report emphasizes that efforts should be made to create an optimal business environment and enhance the vitality of micro-subjects.
In terms of specific measures, Beijing proposed to promote the construction of building permits, access to water and gas, taxation and other areas to improve significantly; expand the scope of registration of “one district and one photo†of life service enterprises, and continue to optimize the cancellation of registration of enterprises. Hubei has proposed to reduce the social security rate of enterprises, and it is strictly forbidden to carry out centralized settlement of the historical arrears of enterprises.
Xu Hongcai, deputy chief economist of China International Economic Exchange Center, said in an interview with China Securities Journal that the Central Economic Work Conference proposed to create a system of fair competition and encourage small and medium-sized enterprises to accelerate their growth. The work report of local governments is focused on improving the business environment. It is an implementation of the central spirit and an important measure to fill the shortcomings of development.
Li Jin, vice president of the China Enterprise Reform and Development Research Association, believes that some provinces and cities have deployed more improvements to the business environment before the local two sessions. Taking Beijing as an example, in July 2018, Beijing issued the “Beijing Further Optimization of the Business Environment Action Plan (2018-2020)â€, which arranged 22 major tasks and refined them into 298 task lists to ensure the battalion. The business environment has been further improved and improved.
Xu Hongcai believes that creating a good business environment and establishing a sound market system of fair competition and rule of law is the main starting point for economic growth to face a new situation and the transformation of new and old kinetic energy into a critical period, which is conducive to stimulating the potential of market players and releasing market vitality. To be the driving force for reform and innovation.
In terms of activating the micro-subject power, the provincial and municipal government work reports also highlight the support for the private economy.
Sichuan Province proposed to support private enterprise product innovation, technological innovation, and business model innovation. Support private enterprises with conditions and willingness to establish a modern enterprise system and the development of listed financing. Beijing proposed to protect property rights according to law, further stimulate and protect entrepreneurship, and focus on building a new type of political and business relationship. Fujian listed the transcripts of private enterprises in bail-outs in 2018: the establishment of a provincial-level bailout fund with a total scale of 15 billion yuan and a special debt for bail-outs of 2 billion yuan, which reduced the burden on the real economy enterprises by more than 70 billion yuan.
Li Jin said that specific measures such as improving the business environment and bailout private enterprises will give enterprises a sense of gain. In the next step, the government should formulate and improve the specific assessment criteria for improving the business environment and supporting the private economy, so that enterprises can really feel the dividend of reform, innovation and development.
Seize the 5G industry opportunity
The China Securities Journal reporter found that strengthening the construction of new infrastructure such as 5G and AI has become a key part of the industry investment report of many local governments in 2019.
Beijing stressed that in 2019, it is necessary to strengthen the strategic layout of scientific and technological innovation, pay close attention to the implementation of 10 high-tech industrial development policies, implement the Beijing Zhiyuan Action Plan, promote artificial intelligence to promote the upgrading and transformation of various industries in various fields, and accelerate the 5G, industrial Internet, etc. New infrastructure construction;
Promote the launch of major projects such as Mercedes-Benz new energy vehicles, ultra-high-definition display equipment, integrated circuit production lines, third-generation semiconductors, and “unmanned aerial vehiclesâ€. Sichuan Province proposed to strengthen the construction of new infrastructure such as artificial intelligence, industrial Internet, and Internet of Things, accelerate the pace of 5G commercialization, and build a number of digital economic demonstration bases. Tianjin plans to deploy a 5G network and launch a 5G pilot. Jiangsu Province said that in 2019, it is necessary to speed up the 5G commercial process, increase the application of the Internet of Things, and let the new economy run out of acceleration and pick up the beam as soon as possible.
The provinces increased financial support. Sichuan Province said it will promote the implementation of a new round of large-scale technological transformation and complete a 10% increase in investment in technological transformation. Fujian Province stated that it will set up a 10 billion yuan provincial technology reform investment fund, implement 500 provincial key technological transformation projects, and deepen "Internet + advanced manufacturing."
An Yongping, chief analyst of Founder Securities Computer Industry, believes that China's future investment will focus more on the technology industry, and the funding will be more in place. 5G, artificial intelligence, industrial Internet and cloud computing industry as the underlying facilities will become the main direction for attracting funds in 2019.
Infrastructure construction and traffic first
The infrastructure industry, which gradually recovered in the second half of 2018, has become a highlight in the work reports of local governments. The transportation sector is an important focus.
The specific projects for improving traffic in Beijing are mainly urban railroads: the opening of the 7th line Dongyan, the Batong line south extension, and the new airport line 1 phase 3 new track lines, with a total operating mileage of 699.3 kilometers.
Fujian Province proposed that it will be completed to open the subway Fuzhou Line 2 and Xiamen Line 2. On the railway side, Fujian Province proposed to promote major projects such as key intercity railways and Fuxia passenger specialties.
Anhui Province will start construction of a number of high-speed rails in 2019. In terms of aviation, Anhui Province proposed the renovation, expansion and construction of several airports.
Sichuan Province will consolidate the pilot results of low-altitude airspace collaborative management from the perspective of military-civilian integration.
The BOC International Research Report stated that since December 2018, the National Development and Reform Commission has intensively approved the construction of urban rail transit and intercity high-speed railway projects in nine cities and regions, and approved a total investment of 945.762 billion yuan for infrastructure projects. With the accelerated issuance of local government special bonds, the growth rate of infrastructure investment in 2019 is expected to increase significantly compared to 2018.
Xu Hongcai said that based on past experience, increasing investment in infrastructure has a positive effect on economic development. The emphasis on infrastructure and industrial development by local government work reports is a pragmatic move to accelerate the transformation of new and old kinetic energy and promote high-quality economic development.
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