The government will invest more in infrastructure to waterproof the market or change the downturn.

China Paint Network
News:
At present, 31 provinces in the first half of fixed asset investment data have been published, the beginning of the year clearly set this year's investment growth target of 25 provinces, more than 60% of the real investment growth rate is lower than expected. According to the past economic laws, the weak trend of local investment will improve significantly in the second half of the year, and both growth and total volume are expected to improve significantly. So where will local investment focus? From the current deployment of economic work in the second half of the year, infrastructure construction will be the main battleground for investment, such as transportation, energy, water conservancy, environmental protection and other fields. With increased investment in infrastructure construction, waterproof market may change the first half of the downturn, ushering in greater growth. Fixed asset investment data for the first half of the year in 31 provinces showed that while investment growth in most provinces was higher than the national average of 11.4 per cent, real growth was still low compared with the targets set by the provinces in their government work reports at the beginning of the year. Real investment growth in some provinces was even lower than the expected target of more than 10 percentage points. Among them, Xinjiang, Gansu and Shaanxi have the highest target growth rates of 21%, 20% and 20%, respectively. But in fact, in the first half of the three provinces, real investment growth rate is not below the national average, Xinjiang investment growth rate of 10.3%, Gansu and Shaanxi provinces growth rate of no more than 6%. Liaoning's 6% target growth rate is already the lowest in the country, but its real investment growth rate in the first half of the year was negative 13.3%. Its other "northeastern hometown", Heilongjiang, also grew by only 1.6% in the first half of the year. From the historical practice, the second half of local investment, whether the speed of investment or the scale of investment will be significantly higher than the first half. In the second half of the year, especially in the 1-2 months at the end of the year, there is a surprise spending factor, so for the whole year, local investment infrastructure should account for the majority of the second half. The July 30 meeting of the Politburo re-emphasized the deployment of economic work in the second half of the year, "adhering to the positive fiscal policy unchanged and maintaining public spending." In addition, last year's introduction of the PPP investment model, after the first half of this year's run-in process, the second half of the year will also run more smoothly, which will also play a role in local investment, last year so far, more than 20 provinces have launched PPP demonstration projects, estimated total investment of more than 3 trillion yuan. After the July 30 meeting of the Politburo, local governments also held meetings to study the deployment of economic work in the second half of the year. Several provinces have placed steady growth at the top of their economic efforts in the second half of the year and stressed the need to accomplish the stated objectives and build projects well. Anhui said: "Continue to expand effective investment, focus on the full-year goals, key projects and funding channels, sub-sectors, sub-sectors to grasp the project construction", Guizhou said: "grasp the project investment, "five 100 projects" and other key development tasks do not relax, and shout "press the 'fast-forward key', run out of the 'acceleration' slogan"; It is understood that Sichuan road and water transportation completed investment of 56.448 billion yuan in the first half of the year, and its target is to complete more than 100 billion yuan for the whole year. In fact, as far as local infrastructure is concerned, there is a lot of room for railway investment alone in the second half of this year. According to data released earlier by the National Development and Reform Commission, the country's railways completed investment of 265.1 billion yuan in the first half of the year. Premier Li Keqiang's full-year goal in this year's government work report is "to stay above 800 billion yuan". Through the analysis of the above data, we know that in the first half of this year, local investment growth rate is generally "not up to standard" situation, the second half of the investment infrastructure will usher in a climax, building waterproof products market will have a lot of room for growth.