Song Song Hui

On the low-level redundant construction, high pollution and high energy consumption industry does not invest.

These investments contribute to the public good from the inside to absorb some of the excess production capacity, smoothing economic fluctuations.

In the global economy into a recession, economic growth down the situation, shot the 10 measures to expand domestic demand to stimulate the economy, is a timely response, a matter of course.

When the news broke, a good voice, or there are some worries: 4 trillion of investment will not cause overheating? Such concerns are not unreasonable, at least allow us to remain sober.

In theory, the so-called over-heated economy refers to the actual growth rate exceeded the growth rate of potential economic growth rate and the supply of resources out of proportion. For the specific performance of the large investment of energy, raw materials supply, prices rise and push prices continued to rise. A few years ago, some of the local industry and there have been big fast, low-level redundant construction, electricity caused by tension, high prices, overcapacity, waste of resources, the destruction of the ecological environment and other issues, has been the central target Carried out macro-control.

Now we are faced with the problem is that the weakness in external demand, insufficient domestic demand. By the international financial crisis, export orders decreased, the situation in the short term there will not be much change; domestic investment growth slowed, reducing corporate profits, some of the difficulties in enterprise production and management industry, the slow growth of farmers income, consumer hesitates to do so. Only strengthen its efforts to further expand investment and consumption demand can be an effective bulwark against external shocks, to master the development of the initiative.

In the current circumstances, the expansion of investment will not lead to overheating, which required a specific analysis. In the ten measures to expand domestic demand, the central investment funds is very clear from the rural infrastructure construction, railways, highways and other major infrastructure construction, to the post-disaster reconstruction, which directly benefit the people in the area, there is a huge investment Gap, belonging to the economic and social development of weak links are the focus should be strengthened, not the formation of excess production capacity. From housing to health care, education, to raise the income of urban and rural residents, but also in the "software" on the future of the people concerned about the quality of life. For low-level redundant construction, high pollution and high energy consumption industry does not invest.

At the same time, dozens of emergency measures not just expediency. In the introduction of pre-1000-billion-dollar investment, industrial investment arrangements in the field of small, for only part of the industrial restructuring and industrial upgrading. On the other hand, a considerable portion of the investment environment for building, such as urban sewage and garbage disposal facilities, sewage pipe network construction and focused on the basin water pollution control projects. In addition, in the top 10 energy-saving projects, the economic cycle also arranged for special investment. All this will help to optimize the ecological and energy-saving reduction.

Above, is not hard to see, this 4 trillion of investment-oriented to improve the livelihood of the people, pay attention to optimizing the structure will help stimulate investment and consumption. These public goods and investment help from the inside to digest some of the excess production capacity, smoothing economic fluctuations. Ten integrated measures in efforts to resolve the current difficulties, it is also committed to deepen reform, promote economic structural adjustment so as to enhance economic growth.

Good policy is the key to better understanding of the implementation of good. Looking back, we can see that China's economy overheating every time a large extent, stems from the impulse to invest in some places keen to engage in political engineering, planning and direct investment in competitive projects, land leasing policies and make concessions to low-level redundant construction has become favorable Can map, this trend should be vigilant. In order for every cent spent on the knife's edge, we must establish a rational project management and supervision mechanism in order to avoid a new round of low-level redundant construction and豆腐渣工程.

Of course, from a long-term point of view, stimulating domestic demand, government investment alone is not enough. Speed up the transformation of government functions and building a service-oriented government, to build market environment for fair competition as the goal, government investment in the efforts to promote private investment and increase government transfer payments, accelerate the improvement of the social security system, so that conducive to the achievement of the people, Wealth with the people in order to fundamentally expand consumption, China's economy entered a virtuous circle of sustainable development.