How do you view the significance of comprehensively strengthening infrastructure development

"Of great significance" to comprehensively strengthen infrastructure development

Q: Why do we need to comprehensively strengthen infrastructure development?

A: Infrastructure construction is a basic, leading, strategic and leading industry of the national economy. The 11th meeting of the Financial and Economic Commission of the CPC Central Committee held on April 26 stressed the importance of comprehensively strengthening infrastructure construction for building a modern socialist country, and pointed out the direction of how to build a modern infrastructure system. The meeting of the Political Bureau of the CPC Central Committee held three days later also pointed out the new situation and new challenges we are currently facing. In this context, the Party Central Committee has clearly put forward the goal of preventing the epidemic, stabilizing the economy, and ensuring safe development, which requires China to link infrastructure construction more closely with economic stability and development in the future, and comprehensively strengthen infrastructure construction.

Infrastructure investment has provided driving force for steady growth

Q: How can infrastructure investment drive steady economic growth?

A: Infrastructure development is one of the key drivers for stable economic growth.

First, infrastructure development has a huge multiplier effect. Specifically, in the process of infrastructure construction, the scale of government investment and public expenditure is expanded, which has a doubling effect on national income, and the results of infrastructure construction will also promote the perfect development of the relevant industrial chain and promote economic development.

Secondly, infrastructure construction can effectively stimulate investment and ensure the stable and healthy operation of the capital market. Infrastructure construction requires huge financial guarantee. Many infrastructure construction projects adopt the PPP model, which can effectively broaden financing channels for urbanization construction and allow governments at all levels, state-owned enterprises, private enterprises and other institutions to participate in it, forming a diversified and sustainable capital investment mechanism, which is conducive to integrating social resources and revitalizing social capital stock. We will stimulate private investment, expand the space for the development of enterprises, increase the drivers of economic growth, and promote economic structural adjustment, transformation and upgrading.

Third, infrastructure construction is one of the important means to expand domestic demand. The investment brought about by infrastructure will also make enterprises more active in production activities, increase high-quality supply, and eventually lead to sustained growth in consumption and expand aggregate domestic demand.

Finally, infrastructure construction can drive the development of the entire industrial chain in related fields, drive downstream by upstream, develop the economy and improve people's livelihood. A complete industrial chain will not only provide more jobs, but also provide higher wages for workers, which plays an important role in improving people's livelihood.

We should give full play to the advantages of digital infrastructure

Q: What are the key points to be grasped in comprehensively strengthening infrastructure development?

A: At the 11th meeting of the Financial and Economic Commission of the CPC Central Committee, five key areas for China's future infrastructure construction were proposed. These five areas not only focus on the weak links of the current infrastructure, but also for the overall macroeconomic considerations of the country, is based on long-term, moderate advance, scientific planning, multi-wheel drive, pay attention to efficiency and other principles driven by important deployment.

In the process of construction, I think it is necessary to give full play to the advantages of digital infrastructure to solve the shortcomings of traditional infrastructure, such as enhancing the ability of government departments to make accurate policies through the application of various big data in digital infrastructure, enhancing the ability of network supply and service, improving the efficiency of infrastructure projects, and increasing the marginal effect of investment. At the same time, in the process of promoting digital infrastructure, it is more necessary to coordinate security and development, strengthen the supervision of digital finance and other fields at the national level, reduce the possibility of network risks such as privacy disclosure at the individual level, and jointly respond to the challenges brought by digital infrastructure. In addition, the future infrastructure work should grasp the degree, to focus on the requirements of taking into account short-term stable growth and long-term structural adjustment, moderately ahead of the development of infrastructure investment.