private investment data shines into an important driving force for economic growth
The investment data, foreign trade data and local economic data released recently show that private investment has become more and more prominent in the economic development and has become an important driving force for stable economic growth. Experts said that there will be a number of major reform measures that will be effective.
According to investment data, private investment in the first seven months of this year increased by 8.8% year-on-year, with the growth rate increasing by 0.4 percentage points over the first half of the year and 1.9 percentage points higher than the same period of last year. Among private investment, investment in agriculture, forestry, animal husbandry and fishery increased by 15.1%, manufacturing investment increased by 8.6%, and service industry investment increased by 9.7%. Since the beginning of this year, the growth rate of private investment in each month has been higher than that of all investment and the leading edge has increased month by month. The growth rate of private investment in the first quarter, the first half of the year and January to July is 1.4, 2.4 and 3.3 percentage points higher than the total investment. .
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China's foreign trade operation shows that in the first seven months, the import and export of private enterprises was 6.55 trillion yuan, an increase of 11.4%, accounting for 39.2% of the total value of foreign trade, an increase of 1 percentage point over the same period of last year. Among them, the export of private enterprises increased by 7.6%, accounting for 1.2 percentage points to 47.7%, and continued to maintain the status of the largest export business. The person in charge of the Foreign Trade Department of the Ministry of Commerce said that the independent innovation and brand building capabilities of China's foreign trade enterprises have been continuously enhanced, and the endogenous power of foreign trade development has been increasingly strengthened .
At the same time, private capital is becoming an important driving force for local economic growth. The data shows that the growth rate of private investment in the first half of the year has rebounded sharply. The growth rate of private investment generally outperformed the overall investment growth rate in the same period, and the private investment in most provinces achieved double-digit growth.
Among them, private investment in Shaanxi province in the first half of the year increased by 24.2% year-on-year, accounting for 42.4% of total investment, reaching the highest growth rate since 2015; private investment in Fujian province increased by 21.7% in the first half of the year, an increase of 3.3 percentage points over the first quarter. The contribution rate of fixed asset investment growth was 83.9%. In the same period, Hunan's private investment increased by 20.7% year-on-year. The growth rate was 10.4 percentage points faster than the total investment, 9.2 percentage points higher than the same period of the previous year. The first half of Jiangsu province's private investment increased year-on-year. 11.5%, an increase of 4.5 percentage points over the same period of the previous year, and the contribution rate to overall investment growth reached 145.3%.
Recently, the National Development and Reform Commission spokesperson Cong Liang introduced the current economic and social development. He said that in the first half of the year, private investment and manufacturing investment have improved, the factor structure has been continuously optimized, and the role of innovation has become increasingly evident. The contributions of scientific and technological progress, the improvement of the quality of laborers, and management innovation have increased, and mass entrepreneurship and innovation have flourished. In the first half of the year, there were 18,100 new enterprises in the country.
Cong Liang revealed that the next step will be to further consolidate the momentum of private investment. “In the railway, civil aviation, oil and gas, telecommunications and other fields, we will launch a number of attractive projects to encourage private capital participation, which will also help reduce the debt of the entire government. Burden and debt ratio."
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The article was transferred from: http://www.xinhuanet.com/money/2018-08/16/c_129933834.htm