In the fourth quarter, "one quarter closes two years". Generally speaking, the proportion of GDP in the fourth quarter of each year is the highest, and doing a good job in the economic work in the fourth quarter is very important for completing the annual economic and social development goals and tasks.
The meeting of the Political Bureau of the Central Committee of the Communist Party of China held on September 26 specifically mentioned "supporting major economic provinces to take the lead and better play the role of driving and pillar". Recently, in order to ensure the high-quality completion of the annual economic goals and tasks, major economic provinces have carried out targeted deployments, including major projects, optimizing the business environment, stimulating consumption potential, etc., especially around the national afterburner to launch a package of incremental policies, the major economic provinces have carried out a series of top-level design of policies.
Song Xiangqing, deputy dean of the Institute of Government Management and director of the Industrial Economy Research Center of Beijing Normal University, said in an interview with Fengkou Finance, "The primary task of a major economic province is to stabilize its own economic development, including stabilizing economic growth, employment and income, investment and expectations." In this way, against the backdrop of the complex and volatile global economy, we can stabilize China's overall situation and support the momentum of China's economic development.
Grasp the project and attract investment
An investment project with strong leadership and good development prospects can often bring about an industrial chain or an industrial cluster. Many provinces released a strong signal at the beginning of the fourth quarter to grasp projects and attract investment.
At the site of major projects in Sichuan Province in the fourth quarter of 2024, Sichuan came up with three types of projects in one go, with a total of 1,823 projects with a total investment of 785.5 billion yuan - including 601 infrastructure projects with the largest total investment and a total investment of 364.5 billion yuan, accounting for 46.4%; the largest number of innovation and industrial development projects, with a total investment of 287.5 billion yuan, accounting for 36.6%; There are also 495 livelihood social undertakings and other projects, with a total investment of 133.5 billion yuan, accounting for 17%.
The general contracting company of China Construction Seventh Bureau is in full swing in the construction of a number of key projects in Henan. (Source: Xinhua News Agency)
Henan held the 14th phase of the "three batches" project construction activities. It is understood that for more than three years, the construction activities of the "three batches" project have been held once a quarter, driving more than 10,000 key projects in Henan to continue to make efforts and attract trillions of yuan of investment. This time, Henan will set up the main venue of the event in Luohe, the growth rate of Luohe's GDP has ranked the top two in Henan Province for three consecutive years, and the scale of the food industry has exceeded 200 billion yuan.
In order to further do a good job in the planning and generation of major projects from "0 to 1" and the acceleration of from "1 to 10", in September this year, Henan also issued the "Henan Province Major Project Research and Planning Reserve Mechanism (Trial)", and took multiple measures to plan and reserve strategic and traction major projects.
The country's economic aggregate is the fifth, Henan has "self-exposed", issued the "Henan Province to make up for the shortcomings of the "982" project implementation plan, around nine key areas, the overall promotion of more than 8,000 major projects. In recent years, under a series of actions of Henan's "big projects, big projects, and good projects", from January to August this year, Henan's fixed asset investment increased by 6.6% year-on-year, 0.2 percentage points faster than the previous seven months, of which the construction of major projects has been vigorously promoted. From January to August, the investment in projects with more than 100 million yuan in Henan increased by 9.4%, driving the province's investment growth by 5.8 percentage points and contributing 88.2% to the province's investment growth.
At the "first meeting of the New Year" in 2024, Shandong released a strong signal of expanding opening up and attracting investment. Singapore is the second largest source of foreign investment in Shandong, and during the "Singapore-Shandong Week" series of activities from October 7 to 11, a total of 93 key cooperation projects were signed, covering equipment manufacturing, high-end chemicals, medical health, modern finance, education and other fields, with a total contract value of more than 12 billion US dollars.
As the largest province in the country's economy, Guangdong's measures are particularly important. At the recent meeting of the Financial and Economic Committee of the Guangdong Provincial Party Committee and the analysis of the economic situation in the third quarter of the province, Guangdong said that it would take the major investment promotion activities as the traction to increase efforts to attract foreign investment, continue to polish the "investment in Guangdong" brand, and attract more large projects and good projects.
Judging from the economic performance in the first half of this year, Guangdong's economic growth rate was 3.9 percent, which is still far from the 5 percent growth target set at the beginning of the year. At present, Guangdong is seizing the 136th Canton Fair, an important window for foreign trade, to attract foreign investment and increase investment attraction.
Run the front line and conduct in-depth research
At present, it is a critical period to ensure the completion of the annual economic target, and it is also a "window period" towards the last year of the "14th Five-Year Plan".
The importance of business is self-evident. The meeting of the Political Bureau of the Central Committee held on September 26 pointed out that it is necessary to help enterprises tide over the difficulties and further standardize the law enforcement and supervision behaviors related to enterprises. It is necessary to promulgate a law on the promotion of the private economy to create a good environment for the development of the non-public sector of the economy.
On the day of the construction of the 14th "three batches" project in Henan Province, the Secretary of the Henan Provincial Party Committee successively investigated the construction site of the Zhengda (Luohe) Super Food Factory Project and the whole industrial chain project of Shuanghui Third Industrial Park, and went to Henan Food Science and Technology Innovation Park and Zhongyuan Food Laboratory to investigate the construction of innovation platforms, achievement transformation, and industrial development.
As we all know, Zhejiang's private enterprises are strong. Recently, the All-China Federation of Industry and Commerce has successively released the 2024 "List of 500 R&D Investments of China's Private Enterprises" and "List of 500 Invention Patents of China's Private Enterprises", as well as the 2024 "Top 500 Private Enterprises in China", "Top 500 Private Enterprises in China's Manufacturing Industry", and "Top 100 Private Enterprises in China's Service Industry".
Recently, the Secretary of the Zhejiang Provincial Party Committee investigated three private enterprises in Qiantang District, Xiaoshan District and Binjiang District of Hangzhou, namely Zhejiang Xizi Shirui Aviation Industry Co., Ltd., Wuwu Media and Zhejiang Uniview Technology Co., Ltd., which are leaders in their respective fields.
In addition, from the recent survey of the Secretary of the Guangdong Provincial Party Committee in Zhuhai and Zhongshan, three key words can be observed: steady economic growth, promotion of the "Millions of Projects" and reform and innovation.
Guangdong's total economic output accounts for one-tenth of the country's total, and it is the vanguard of reform, and its scale and volume of steady growth play an incomparable role in the stability and improvement of the country's economy. However, the imbalance in the development of urban and rural areas is the biggest shortcoming of Guangdong's high-quality development, so the "Millions and Thousands Project" is also positioned as the "number one project" in Guangdong.
Seize the opportunity and undertake the national incremental policy
In view of the new situation and new problems in the current economic operation, the state has launched a package of incremental policies in five aspects: increasing the counter-cyclical adjustment of macro policies, expanding effective domestic demand, increasing assistance to enterprises, promoting the real estate market to stop falling and stabilizing, and boosting the capital market.
In the recent economic work deployment, the six major economic provinces have mentioned that they should focus on the policy side to seize opportunities and take the initiative to undertake the national incremental policy.
Panorama of Qingxin District, Qingyuan City, Guangdong Province (Source: Xinhua News Agency)
Recently, the meeting of the Financial and Economic Committee of the Guangdong Provincial Party Committee and the analysis of the economic situation in the third quarter of the province proposed that it is necessary to do a good job in the implementation of the central and provincial afterburner policies, focus on making good use of the central package of incremental policies, strengthen the coordination of provinces and cities, and open up the blocking points of policy implementation.
Zhejiang said that it should focus on the policy side to seize opportunities and implement them quickly, take the initiative to undertake the implementation of central policies, and accelerate the implementation of "two-fold" and "two-new" projects.
In addition to actively undertaking the country's package of incremental policies, major economic provinces have also spared no effort in launching local versions of "incremental policies".
Henan has successively issued policies such as "20 New Policies for the Property Market", "16 Policies for Supporting Individual Industrial and Commercial Households and Small and Micro Enterprises", and "Increasing Support for the 'Two New' Policy Plans". In the first half of this year, Henan's GDP exceeded 3 trillion yuan, and the economic growth rate reached 4.9%, while the economic growth rate set by Henan at the beginning of the year was about 5.5%.
In terms of promoting the real estate market to stop falling and stabilizing and fully release the consumption potential, Shandong recently issued the "19 Articles on the Property Market", which involves unifying the minimum down payment, reducing the interest rate of existing housing loans, and optimizing the newly issued personal housing loan services, etc., to promote the decline and stability.
The executive meeting of the Jiangsu Provincial Government held on September 29 clearly stated that it should make full use of the "33 Articles" and other policies and measures of the state and Jiangsu Province, strengthen research reserves, and launch a number of new incremental policies in a timely manner to fully release policy dividends and effects.
"The major economic provinces have carried out a number of targeted deployments for the fourth quarter of the sprint, especially around the incremental policy, a series of top-level design of the policy end, have been integrated with the fastest speed, the greatest strength, and the most practical measures, which can not only promote the economic stability and growth of the major economic provinces themselves, but also promote the stability and development of the national economy through demonstration effect and driving effect." Song Xiangqing said that through these measures, market confidence can be enhanced, social expectations can be stabilized, the optimization and upgrading of the economic structure can be promoted, and a solid foundation can be laid for achieving high-quality development.
(Popular News · Fengkou Financial Reporter Shi Bingbing)