Economic sight | Expand investment to promote consumption and release the potential of domestic demand

On the night of October 1, 2021, the residents of the provincial city played on the Locomotive Pedestrian Street. The night of the provincial city during the National Day holiday, everywhere the lights are brilliant, the scenery is charming, many citizens go out of their homes, or leisure to enjoy the scenery, or taste delicious, or free shopping, the night economy bursts with new vitality. (This newspaper's information film) Hebei Daily reporter Jia Heng photographed

Consumption and investment are the "dual engines" for expanding domestic demand and an important support for accelerating the construction of a new development pattern.

The province's fixed asset investment increased by an average of 2.0% in two years; the retail sales of consumer goods achieved by units above designated size increased by 10.4% year-on-year... According to the data released by the Provincial Bureau of Statistics, from January to November 2021, the province's economy continued to recover steadily, the basic role of consumption and the key role of investment were fully played, and the supporting role of domestic demand on economic growth was gradually enhanced.

2022 is a crucial year for the 14th Five-Year Plan period. Adhering to the principle of taking the lead in steady writing, seeking progress in stability, and promoting high-quality development, the deputies and members attending the provincial two sessions said one after another that it is necessary to firmly grasp the strategic basis of expanding domestic demand, concentrate on investment projects, do everything possible to expand consumption with quality, and effectively enhance the endogenous driving force for development.

Implement a project-driven strategy

Actively expand effective investment

The total investment is 1.12 trillion yuan! On January 4, with the approval of the provincial government, the Provincial Development and Reform Commission issued the "List of Key Provincial Construction Projects in Hebei Province in 2022". In 2022, a total of 695 provincial key construction projects will be arranged, covering strategic emerging industries, industrial chain modernization and upgrading, digital infrastructure and applications, modern service industries, major infrastructure, and people's livelihood to make up for shortcomings.

"This year's provincial key construction projects adhere to the improvement of project quality and enhance project efficiency as the center, and the industrial level, technical level, cluster effect, and radiation driving role continue to improve, which has an important demonstration and driving role in accelerating green transformation, optimizing industrial structure, and promoting high-quality development in the province." Yang Yongjun, deputy to the Provincial People's Congress and director of the Provincial Development and Reform Commission, said that it is extremely important to achieve the goals of economic and social development and to grasp investment projects. Our province will implement the project-driven strategy, focus on 12 provincial-level leading industries and 107 county-level characteristic industries, as well as ten key areas such as "two new and one heavy", scientific and technological innovation, transformation and upgrading, etc., pay close attention to the landing of a number of large projects and good projects, actively expand effective investment, and enhance the stamina and vitality of economic development.

New infrastructure, new urbanization and "two new and one heavy" projects involving major projects of the national economy and people's livelihood are key areas for expanding effective investment. Song Huaying, deputy to the Provincial People's Congress and mayor of Xingtai City, said: This year, Xingtai will make greater efforts to grasp investment projects to promote development, solidly carry out the action of tackling tough problems in project construction, accelerate the promotion of key investment projects such as "two new and one heavy," focus on the planning, reserve, start-up, warehousing, and integration of key provincial and municipal projects, promote the projects to be put into operation as soon as possible, form more physical quantities and growth points, and strive to include more than 100 provincial key projects and more than 600 new projects in the province throughout the year.

"Investment and project construction are 'accelerators' of economic development. We should increase the intensity of investment promotion, carry out accurate investment promotion, industrial chain investment promotion, and industrial supporting investment, and plan to introduce a number of large projects with high industrial relevance and strong radiation capacity, and set off a boom in investment promotion. Wu Xiaohua, deputy to the Provincial People's Congress and secretary of the Hengshui Municipal Party Committee, said that this year, Hengshui's goal is to exceed 100 billion yuan in fixed asset investment, and the total amount of investment projects signed will remain above 150 billion yuan. Hengshui will carefully plan projects, continue to attract large businessmen and attract strong enterprises, organize investment promotion meetings in key regions such as the Yangtze River Delta, Pearl River Delta, And Beijing-Tianjin-Xiongxiong with high standards, and do a good job in organizing activities such as the Hengshui Lake International Business Fair and the Anping Silk Mesh Expo, improve the effectiveness of investment promotion, ensure that the number of newly started projects this year is significantly higher than that of continued construction projects, and further enhance the project construction stamina.

Promote the expansion and quality of consumption

Continue to stimulate consumption vitality

"Are all the nuts ready for the New Year?" At present, the "Online New Year Festival" of Hebei Sanluwu Network Technology Group is in full swing. The anchor takes consumers to the supermarket and recommends high-quality and inexpensive New Year goods and gifts, so that consumers can purchase more intuitively and conveniently.

"The vigorous development of new consumption formats with digitalization, informatization and intelligence as the core will promote the operation of production, circulation, operation and other aspects of operation to improve quality, efficiency and reduce costs, and continue to derive new consumption scenarios, and continue to stimulate consumption vitality." Yu Shuzhong, deputy to the Provincial People's Congress and secretary of the party committee and chairman of Hebei Sanluwu Network Technology Group, said that this year, 365 Group will fully exert digital transformation of the retail industry, upgrade the process of commodity warehousing, circulation and sales through the use of big data, fully implement the strategy of live broadcasting, encourage full participation of employees, live broadcasting for everyone, and create a new scene of convenience for consumers.

The potential of "cloud consumption" developed through live broadcasting and other means has been accelerated. Data released by the Provincial Bureau of Statistics shows that from January to November 2021, online retail continued to be active. Units above designated size achieved retail sales of goods through public networks to increase by 56.2% year-on-year, accounting for 3.6 percentage points higher than the same period of the previous year.

"To conform to the new trend of consumption upgrading, it is necessary to innovate service formats and service models, and promote the upgrading of the service industry to high-quality and diversified innovation." Liu Jiangmin, deputy to the Provincial People's Congress and chairman of the Kang Travel Holding Group, said that the Baili Water Town Eco-tourism Scenic Spot built by the group will officially open for business this spring. This high-quality eco-tourism scenic spot integrating functions such as ecological leisure, research and education, homestay experience, and cultural and creative blocks will bring tourists a refreshing tourism experience.

To promote the expansion and quality of consumption and promote the sustained recovery of consumption, it is necessary to fully tap the consumption potential of urban and rural markets and enhance the traditional consumption level. Zhang Feng, member of the Provincial Committee of the Chinese People's Political Consultative Conference and director of the Provincial Department of Commerce, said that this year, our province will organize online and offline car purchase festival activities to further tap the potential of bulk consumption such as automobiles and oil products. Implement the action of improving the urban commercial network, and promote the construction of commercial pedestrian streets, characteristic commercial streets, and brand chain convenience stores with high quality. Steadily promote the construction of e-commerce into rural comprehensive demonstration counties, further improve the rural e-commerce service system and the county and rural three-level logistics distribution system, improve the rural commercial and trade circulation network, optimize the supply of rural life services, and fully tap the potential of rural consumption.

Vigorously optimize the business environment

Fully release the potential of domestic demand

Accelerating the construction of a new development pattern, adhering to the expansion of domestic demand and forming a strong domestic market are the strategic basis and important support. The deputies and members of our province said one after another that it is necessary to break through the blockages restricting the rational flow of factors, penetrate all aspects of production, distribution, circulation, and consumption, establish an effective system for expanding domestic demand, comprehensively promote consumption, expand investment space, and accelerate the cultivation of a complete domestic demand system.

"To comprehensively promote consumption, we must combine expanding consumption with improving the quality of people's lives, innovate ways, open up ideas, and enhance consumer confidence." Member Zhang Feng said that this year, under the circumstances permitted by the epidemic prevention and control, our province will organize and plan various consumption promotion activities such as happy hebei happy shopping, consumption promotion month, special commodity exhibition, catering and food festival, such as the integration of business, tourism, culture and sports, the combination of online and offline, and the linkage of urban and rural areas, so as to create a good consumption environment and stimulate consumer enthusiasm to the greatest extent.

A good business environment is the fundamental guarantee for the sustained and healthy development of the local economy, which is conducive to stimulating market vitality and social creativity and continuously releasing the potential of domestic demand.

It is extremely important to promote the implementation of more major projects and improve the promotion mechanism. Deputy Yang Yongjun said that our province will strengthen the management of project lists, regular scheduling, and leadership of the package union and other mechanisms, build a linkage responsibility system from top to bottom, carry out accurate package and support, assess the effectiveness of project construction at different levels, establish a clear orientation of creating the first and striving for excellence, form a strong atmosphere of grasping investment projects and promoting development throughout the province, and promote the great development of Hebei with great results in project construction.

"Government services should focus on what market players think, expect and complain about, and strive to create a stable, fair, transparent and predictable business environment by improving the investment and market environment, reducing market operating costs." Xiang Hui, deputy to the Provincial People's Congress and mayor of Cangzhou City, said that this year, Cangzhou will continue to deepen the reform of "decentralization and management of services", implement the relevant national tax reduction and fee reduction policies, and ensure that all kinds of projects are approved quickly, construction is fast, and production is effective. Strengthen the full-cycle service of the project, the service before and after the project is unchanged, the standard does not drop, so that the enterprise can settle down and operate with peace of mind. Strengthen the guarantee of factors, tilt the new construction land indicators to key construction projects, and ensure that the guarantee rate of land use indicators for key provincial and municipal projects reaches 100%.

The "two new and one heavy" and infrastructure project investment are large in scale and long in cycle, and it is necessary to open up multiple financing channels and improve policies to support the participation of social capital. Many deputies and members of the CPPCC National Committee said that it is necessary to firmly grasp and make good use of the opportunities of the state's micro-policies, speed up the promotion of nongovernmental investment projects, thoroughly implement the "100 million" upgrading project of private enterprises, smooth the channels for private capital investment, vigorously carry out the action of reforming private enterprises into listing and financing, and create a good environment for enterprises of all kinds of ownership to compete for development. (Hebei Daily reporter Jia Nan)

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