October 22 , announced a major investment project in Sichuan Province 2013-2014 program implementation case . Including major infrastructure , major industries, livelihood projects and social welfare projects , major ecological construction and environmental protection projects with a total investment volume reached 4.26 trillion .
The scale of investment has more than 2008 central government 4 trillion economic stimulus policy , known in recent years become the largest local government investment program , equivalent to 1.79 times the 2.38 trillion yuan in Sichuan Province in 2012 GDP. For 2012 , Sichuan Province, 242.127 billion yuan of local public revenue , how to raise 4.26 trillion would be a problem .
Money come from ?
Sichuan has invested over five consecutive years to achieve trillion. 2009 Sichuan invest one trillion yuan mark for the first time in 2010, to achieve 1.3 trillion in 2011 exceeded 150 billion yuan, in 2012 amounted to 1.8 trillion , according to statistics , in the first three quarters of this year , the province has completed a total investment 1.58037 trillion yuan .
In fact, since last year , Sichuan has thrown trillions of continuous largest single investment .
September 24 last year , Sichuan Development and Reform Commission issued " major investment projects in Sichuan Province directory ( 2012-2013 ) ", according to the catalog , Sichuan in two major projects with a total investment amounted to 3.67 trillion yuan .
The launch of the 4.26 trillion investment plan , the proposed project has not been clearly defined and ongoing projects , some analysts have pointed out that 4.26 trillion of investment projects, or there is some overlap with last year's 3.67 trillion investment projects, "Sichuan Province should all want to invest in the project are enumerated . "
In this May 9 , the province 's investment -cum- held a special meeting to disclose the key project work will start in the next five years reserve project planning work , the scale of investment reserve project is expected to more than 10 trillion yuan .
These massive investment program , the primary problem is the need to face the Sichuan money come from .
From 2009 to 2013 , Sichuan Province, local government bonds were issued 18 billion yuan , 18 billion yuan , 13.5 billion yuan , 13.5 billion yuan , 20 billion yuan , mainly for infrastructure construction , the size of local government debt in the nation.
Tang Limin , director of Sichuan Provincial Development and Reform Commission expressed optimism on the source of funding , he said at the 22nd Sichuan relatively abundant sources of funding , the first seven months of this year , Sichuan Province, total fixed asset investment nearly 1.2 trillion yuan , but the place was as high capital 1.3 trillion yuan .
Sichuan Provincial Academy of Social Sciences Institute of Economics , said Guo mold , Sichuan wider source of investment funds in fixed assets , mainly rely on private capital .
Sichuan Province highway construction funds from sources observed , its main way of raising the BOT . Currently , Sichuan highway with BOT investment projects totaling 30 , with a total mileage 3156 km , a total investment of 261.8 billion yuan , investment scale ranks first in the provinces .
Tang Limin also said that private investment is very important, the next step will strive to activate private investment to further expand areas of care and scope of private investment .
" 4 trillion is not excessive ."
Guo believes mold , Sichuan consumption and exports limited the leading role for the economy , so investment has become the main driving force .
Tang Limin also said in an interview , stage of development and emotional characteristics of the province , the decision of the current and future periods , Sichuan investment will be pulling force to accelerate the development of the initiative .
4260000000000 viewed from the direction of investment , most of these major investment projects around the state to implement a new round of western development and accelerate the construction of the Chengdu-Chongqing Economic Zone and accelerate the construction of Tianfu New Area started as Ya'an to Kangding speed , Chengdu Second Ring High-speed , Chengdu airport , Tianfu new Area "three vertical and one horizontal " major transportation projects.
Chinese Academy of Social Sciences Institute of Industrial Economic Research Master Chen Yao believes the regional economy , and social development in the eastern region into the mature period , the western region has gradually become a major investment destination . As the first western province of Sichuan Province , and its GDP in recent years has maintained rapid growth , in the case of industry and infrastructure as a support , the scale of investment of more than 4 trillion is not excessive .
In fact , the face of the current domestic economic situation, economic growth has been better in Sichuan , according to the first three quarters of the data , the gross regional product of Sichuan Province increased by 10 %, higher than the national 2.3 percent in the national GDP over two trillion yuan large provinces forefront.
Guo mold also pointed out that during a large-scale investment in infrastructure , local governments should pay attention to control the speed , " a modest investment can stimulate employment, but if you can not be controlled easily lead to excess capacity ."
On this issue , Tang Li Min also said that the key is to grasp the direction and focus of a good investment , steady growth and structural adjustment will effectively combine , while minimizing negative impacts.
