[straight newspaper Beijing August] (Securities Daily yesterday, national development and Reform Commission Policy Research Office in its official website: entitled the better play the investment on economic growth, the key role of the article and makes the comprehensive analysis on the first half of this year China's investment operation.

Statistical data show that the first half of the infrastructure investment growth continue to accelerate, the new construction project plans a total investment and investment funds to maintain a rapid growth, most of the area of the growth rate of investment is still in double digits; but the manufacturing industry investment growth continued to slowdown, real estate development investment growth fell, private investment growth fell further.

Among them, the first half of this year, manufacturing investment was 82261 yuan, an increase of 3.3%, the growth rate down 1.3 percentage points over the previous 5 months, down 6.4 percentage points over the same period last year. Affected by the lack of market demand and other factors, the general decline in the growth rate of investment in most industries, in 31 manufacturing industries, the growth rate of investment growth in the 21 sectors compared to the previous 5 months has declined.

Not only that, the growth rate of private investment also further down. Data shows, this year first half of private investment scale for 158797 billion yuan, an increase of 2.8%, the growth rate down 1.1 percentage points than in the first five months, than the growth rate over the same period last year decreased by 8.6 percentage points; of these, infrastructure, private investment compared to the same period growth 6.3%, than the first five month growth rate of 0.4 percentage points dropped; industry and real estate industry, private investment growth respectively than in the first five months decreased 1.7 and 0.6 percentage points.

The article thinks, since this year, private investment and manufacturing investment growth continued to decline, market investment growth weak force, downward pressure on investment can not be ignored; expand individual total investment of large provinces decline intensified, the risk of fluctuations in the investment significantly increased. Next step should be to accelerate the supply side structural reform and the implementation of the proactive fiscal policy, a moderate expansion of aggregate demand, increase the intensity of the "short board", in an effort to increase the reasonable and effective investment.

Specific point of view, the article believes that should fully mobilize the enthusiasm of private investment, to ease the financing problems of private enterprises. The Bank of commercial banks and policy for small and medium-sized enterprises to provide cheap and convenient, full coverage of financial services. Established by the government led policy of small and medium enterprises guarantee institutions, and guide social capital to enter, to provide low-cost security services for smes. National Development and Reform Commission to play a good role in the development and reform of the investment and financing cooperation docking mechanism, private enterprises to convene special financing for the project, to promote the quality of various financial institutions to promote the project. To carry out the use of special construction fund to support the policy guarantee institutions, to provide security for private enterprises pilot, timely summary of the promotion. Actively encourage private enterprises to finance through the issuance of bonds, to increase the quality of private enterprises listed support.

China Center for international economic exchanges information department vice minister Wang Jun told the "Securities Daily" reporters, said to want to change the private investment fell this situation, should also be complemented by a comprehensive tax and fees, improve laws and regulations and other measures, in order to build a fair competition environment, promote the reform of state-owned enterprises, in the competitive field to give national treatment of folk capital, to stimulate its willingness to invest, enhance the confidence of the investment.

(original title: private investment growth in the first half to mobilize investment enthusiasm is imminent

Editor: Xiao Shen

Interpretation of the news hot spots, showing sensitive events, more exclusive analysis, in the "things" WeChat, scan two-dimensional code free reading.