Since the beginning of this year, the National Development and Reform Commission has resolutely implemented the decisions and arrangements of the CPC Central Committee and the State Council, worked with relevant parties to do a solid job in stabilizing investment, actively expanded effective investment, and promoted steady investment growth. Judging from the situation in the first quarter, national investment increased by 9.3 percent, an increase of 4.4 percentage points over the whole of 2021, achieved a good start, achieved positive results in stable investment, and made an important contribution to the smooth start of the national economy.

First, the investment market has expanded steadily.Infrastructure investment maintained rapid growth, with an increase of 8.5% in the first quarter, 0.4 percentage points higher than that in January-February, showing an upward trend month by month. Investment in the manufacturing industry continued the momentum of rapid recovery since last year, with a growth rate of 15.6% in the first quarter, 6.3 percentage points higher than total investment, and has become an important driving force for investment growth. Real estate investment maintained positive growth.

Second, the investment structure has been continuously optimized.Investment in the high-tech sector continued to grow at a high speed, and investment in the high-tech industry as a whole increased by 27%, of which the high-tech manufacturing industry grew by 32.7%. Investment in the social sector grew rapidly, with an increase of 16.2% in the first quarter compared with the same period last year, of which investment in health and social work increased by 24.9% and investment in education increased by 17.2%.

Third, the vitality of investment has been enhanced.Private investment remained dynamic, with private investment growing by 8.4% in the first quarter, a further increase over the whole of last year. Among them, private investment in manufacturing increased by 24.8%, especially in high-tech manufacturing, which played a major leading role. The driving effect of the early development of government investment is obvious, and the state budget funds actually in place are growing rapidly.

Fourth, the leading indicators of investment are improving.The number of new projects started in the first quarter increased by 12000 over the same period last year, and the total planned investment in new projects increased by 54.9%. The scale of the special bonds this year is 3.65 trillion yuan, and all the quotas for project construction have been issued. Together with the 1.2 trillion yuan issued in the fourth quarter of last year, the project funds are adequate. As various localities step up efforts to promote the construction of the project, it is expected to speed up the formation of physical workload, which will form a strong support for the stable growth of investment.

Actively expanding effective investment is the focus of the current macro policy, which is not only conducive to expanding current demand and coping with the downward pressure of the economy, but also conducive to optimizing the supply structure and promoting high-quality development. Since the beginning of this year, in accordance with the decisions and arrangements of the CPC Central Committee and the State Council, the National Development and Reform Commission, together with relevant parties, has grasped the correct direction of work, made great efforts to break through the restrictions on blocking points, paid attention to giving full play to the joint efforts of all parties, and promoted all kinds of investment work in a strong and orderly manner.

First, we should adhere to accurate and effective investment orientation and resolutely refrain from "flooding".Since the beginning of this year, together with relevant departments and localities, we have persisted in combining weaknesses, strengths and weaknesses with forging boards and increasing stamina, appropriately ahead of time to carry out infrastructure investment, and actively promote the construction of water conservancy, transportation, energy and other infrastructure facilities, strengthen the construction of new infrastructure, enhance the core competitiveness of the manufacturing industry, promote key core technologies, and implement energy conservation and carbon reduction transformation in key industries. We will strengthen the construction of social areas, ecological and environmental protection, and urban infrastructure. To actively expand effective investment is not to blindly lay out stalls and projects, still less to carry out strong stimulus in the form of "flooding" through the implementation of large-scale infrastructure investment plans, but to focus on key areas and weak links of economic and social development. accurate and orderly implementation of a number of investment projects that benefit both the present and the long term.

Second, adhere to early deployment and early action, and do a good job in the pre-project work.The preliminary work of the project is an important prerequisite for the start of the project. Since the beginning of this year, we have taken the initiative to guide localities around the objectives and tasks of the 14th five-year Plan and major national strategies, strengthen project research and demonstration, and do a good job in project reserve work with high quality. to form a virtuous circle of "reserve, construction, construction and completion". At the same time, we should guide and urge localities to speed up the examination and approval procedures of the project, do a good job in the preliminary work of the project, supervise and urge the preparatory work before construction, such as land requisition, demolition, municipal support, and so on, coordinate and ensure the supply of labor and raw materials, and promote the early start and smooth implementation of the project.

Third, we should persist in grasping the key points and strive to promote the construction of 102 major projects in the 14th five-year Plan.The implementation of major projects is a major measure to actively expand effective investment. In the previous stage, we actively carried out work with relevant departments to solidly promote the implementation of 102 major projects in the 14th five-year Plan, giving full play to the leading role of 102 major projects. Establish and promote the inter-ministerial joint meeting system for the implementation of 102 major projects in the 14th five-year Plan, and hold meetings to make comprehensive arrangements for the implementation of the project. Identify the lead department, compaction department and local responsibility for 102 major projects. Establish and improve the project promotion mechanism, strengthen daily dispatching supervision, and promote the implementation of major projects as soon as possible. Judging from the actual results, the implementation of 102 major projects is progressing smoothly and a good start has been achieved.

Fourth, persist in focusing on the principal contradiction and ensure the financial elements of the project.The guarantee of capital elements is an important factor restricting the implementation of the project. In accordance with the principle of "funds follow the project", we earnestly make good use of government investment and give full play to the leading role of government investment. Closely centering on the decision-making arrangements of the CPC Central Committee and the State Council and the key tasks of the 14th five-year Plan, we should concentrate our efforts on major, difficult, and urgent tasks, and make good use of the investment in the central budget. Work with the financial department to speed up the issuance and use of local government special bonds, urge all localities to step up the promotion of project construction, and effectively speed up the construction of special bond projects and the use of funds. In accordance with the requirements of "elements follow the project", work with the natural resources department to ensure the land use of national major projects, and implement a separate list of energy consumption for major projects that meet the requirements in an orderly manner.

Fifth, persist in giving full play to the role of the main body of the market and fully mobilize the enthusiasm of social investment.Compared with the scale of fixed assets investment of more than 50 trillion yuan a year, the amount of government investment is very limited, and social investment accounts for the majority, which is the main force of investment. We have actively taken effective measures to give better play to the role of government investment in guiding and prying, fully mobilize the enthusiasm of social investment, and promote the growth of social investment. We will continue to promote the reform of "management and service" in the field of investment and improve the level of investment facilitation. We will take various measures to support the steady growth of investment in the manufacturing sector and encourage financial institutions to increase support for medium-and long-term loans to the manufacturing sector. We will actively do a good job in the cooperation and docking of social capital investment and financing, give full play to the role of a long-term mechanism for promoting projects to private capital, and strengthen the guarantee of project financing. We will promote the healthy development of real estate investment trusts (REITs) in the infrastructure sector, invigorate existing assets and form a virtuous circle of investment. Standardize and promote government social capital cooperation (PPP).

Sixth, adhere to the risk awareness and promote project construction in an orderly manner in accordance with the law.To promote project construction, risk prevention must be placed in a prominent and important position. We guide all localities to promote project construction in accordance with the law in accordance with the principle of doing their best and acting according to their capacity, and effectively guard against the risks and hidden dangers of investment projects. We will further strengthen the management of government investment projects, guide localities to strictly implement the examination and approval procedures for government investment projects, and prevent "building before approval" and "building while approving". Supervise and urge localities to strictly examine and check the implementation of project financing and other construction conditions to prevent illegal and illegal borrowing. Guide project units to strengthen risk prevention and control in the areas of social stability, ecological environment, project quality and safety of construction projects.

In the next step, we will conscientiously implement the spirit of the Central Economic work Conference, actively respond to the impact of environmental changes at home and abroad in accordance with the requirements of the Government work report, and, together with relevant parties, further strengthen the work of stabilizing investment, give full play to the leading role of government investment guidance, better mobilize the enthusiasm of social investment, actively expand effective investment, and promote steady investment growth. To make positive contributions to the stable and healthy development of the national economy.