Infrastructure investment increased in August befo

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According to the data released by the National Bureau of statistics on September 13, the country completed 36633.9 billion yuan of fixed asset investment in the first eight months (excluding agriculture, the R & D expenditure of local enterprises in 2010 accounted for only 1.77% of the sales revenue of enterprises), an increase of 8.1% year-on-year, The growth rate was the same as that from January to July. Wangbaobin, a senior statistician of the investment department of the National Bureau of statistics, said that the growth rate of fixed asset investment stabilized in August, infrastructure investment increased rapidly, and the "short board" effect was obvious

the investment in infrastructure construction increased by 19.7% in 2016

the data were deformed or dropped. It showed that in the first eight months, the investment in infrastructure was 7082.7 billion yuan, with a year-on-year increase of 19.7%, and the growth rate was 0.1 percentage points faster than that from January to July; The proportion of total investment was 19.3%, an increase of 1.8 percentage points over the same period last year, which played an important supporting role in stabilizing the growth rate of total investment

wangbaobin said that infrastructure investment in the central and western regions is growing rapidly, and infrastructure investment in the region is mainly concentrated in weak areas such as railways, rural roads, farmland and water conservancy. The completion of these projects will effectively improve people's living standards. At the same time, investment in most infrastructure industries continued to maintain a good growth trend

Zhang Jun, chief economist of Morgan Stanley Huaxin securities, said in an interview with securities that there was absolutely nothing to hide about the cumulative year-on-year growth rate of fixed asset investment in the whole society as of August. The position of the fixed slider was flat at 8.1% in the previous month, ending the continuous decline since April. This is largely due to the slight rebound of real estate investment in August after three months of continuous decline, and the cumulative year-on-year growth rate slightly increased to 5.4% from 5.3% last month

"The cumulative year-on-year growth rate of infrastructure investment also increased slightly by 0.1 percentage points to 19.7% in August; therefore, under the condition that the manufacturing investment still maintained an inertial decline, the stabilization of both real estate investment and infrastructure investment became the main reason for the stop of the decline in fixed asset investment in August. However, considering that the cumulative year-on-year growth rate of new real estate construction and sales still did not improve, the sustainability of the stabilization of real estate investment in August remains to be seen, so in the future The heavy task of stimulating fixed asset investment still falls on the shoulders of infrastructure investment. " Zhang Jun said

Zhang Jun said that the government's task has changed from "stabilizing growth" to "promoting growth". Recently, the State Council reiterated "strengthening the implementation of proactive fiscal policies", and sent an inspection team to urge local governments to step up the construction of major infrastructure projects. Although the market has recently re discussed PPP to introduce private capital, it is difficult to achieve results in the short term because it is still in the exploratory stage in terms of mechanism and operability. Therefore, in the fourth quarter, in addition to increasing fiscal expenditure, we should also increase the issuance of local bonds and give play to the "quasi finance" of policy banks to solve the capital problem of infrastructure investment, and guide banks to invest more medium and long-term loans in infrastructure related projects

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