We will actively promote investment in new infrastructure development

First, we need to balance the relationship between government investment and private investment.

An important difference between the new infrastructure and the traditional infrastructure is that the new infrastructure mainly relies on market investment, and the government is not the main investor. The government's expansion of investment in new infrastructure is mainly to solve the problem of public investment, especially the expansion of public infrastructure investment required for scientific and technological research and innovation, and at the same time play a counter-cyclical adjustment of market demand and guide social investment. For the special infrastructure investment in high-tech industries and the application of high-tech to transform traditional infrastructure investment, government investment mainly plays the role of "four or two", and focuses on stimulating and guiding private capital investment.

Judging from the current situation and development trend, we should strengthen the necessary guidance for local governments' new infrastructure investment, and prevent some local governments from taking all major projects and arranging investment plans comprehensively for new infrastructure investment. It is necessary to guide local governments to determine different priorities for new infrastructure investment based on their actual needs and financial resources, so as to avoid the problem of a rush of similar new infrastructure investment and excessive convergence of investment projects in different regions, and avoid the problem of structural shortage of supply caused by excessive investment and demand in some areas in the short term and structural excess in the long term. Relevant macro management departments should pay attention to policy guidance and coordination, timely release of new infrastructure investment information, guide local research and development of reasonable investment plans, and guide social capital to expand new infrastructure investment through planning.

Second, focus on promoting coordinated development of new infrastructure investment and traditional infrastructure investment.

According to the scope determined by the National Development and Reform Commission, the application of high and new technologies to transform traditional infrastructure belongs to the content of new infrastructure, and the investment scale of this part is relatively large, so the broad new infrastructure investment has a larger proportion and pulling power in the entire fixed asset investment. What we want to discuss now is the relationship between broad new infrastructure investment and general traditional infrastructure investment. In general, traditional infrastructure is in addition to the application of high-tech transformation of traditional infrastructure content, mainly "iron Gong machinery" and other infrastructure investment. The main issues to be noted are as follows: First, new infrastructure investment should not be used to negate traditional infrastructure investment. The two have different roles, orientations and priorities, which are needed to cope with the impact of the epidemic and economic and social development. Investment in traditional infrastructure is large and extensive, and it still has a strong driving force for investment and economic growth. It may play a more direct role in ensuring employment and people's livelihood, but it is mainly limited by the government's public investment capacity and local government debt risks. New infrastructure investment is likely to expand rapidly, playing an unprecedented role in driving investment and promoting high-quality economic development, but growth prospects also depend on the degree of response to market-oriented investment. Second, new infrastructure investment and traditional infrastructure investment are mutually reinforcing. Traditional infrastructure provides the necessary external conditions for the development of new infrastructure to solve the problem of public facilities and environmental support, and the development of the whole new infrastructure should be based on the development of traditional infrastructure to a certain extent. The development of new infrastructure can expand more space for traditional infrastructure, drive the transformation and upgrading of traditional infrastructure, especially through the application of high and new technologies to transform traditional infrastructure, enhance the new momentum and new prospects of traditional infrastructure, and enhance the efficiency and sustainability of traditional infrastructure investment. Third, it is necessary to coordinate the investment relationship between new infrastructure and traditional infrastructure. In the short term, traditional infrastructure investment may still account for a large proportion, most of the major investment projects determined by the central departments are still traditional infrastructure content, and the division of the investment proportion between the central and local governments will also drive the stable investment of local governments in traditional infrastructure. But at the same time, we should also pay attention to the situation of new infrastructure investment "big thunder and little rain", the rapid expansion of new infrastructure investment with market-oriented investment as the main body depends not only on the degree of attention and promotion of governments at all levels, but more importantly, whether it can effectively stimulate private investment. From this perspective, to promote the coordinated development of new infrastructure investment and traditional infrastructure investment, so that new infrastructure investment can truly assume multiple development missions, the key is to encourage, support and guide the entry of private capital, which requires research and adoption of effective policy measures, in particular, to focus on deepening reform and opening up.