In recent years, relevant departments have frequently stressed the need to accelerate development of new growth drivers and form new economic growth points. At the same time, a number of major new economy projects with a total contract size of 100 billion have been signed in many places. Investment fund of integrated circuit industry, transformation and upgrading fund of manufacturing industry are also adding strength to assist. The industry pointed out that the accumulation of new driving forces, the development of the new economy, to become an important point of economic stability. In the fourth quarter, new infrastructure and new consumption, including smart manufacturing, are expected to receive greater support at the local level.


New drivers, notably the Internet economy, are growing against the trend, according to the third-quarter economic report released by the National Bureau of Statistics on Thursday. Liu Aihua, spokesman for the National Bureau of Statistics, said the driving role of new infrastructure, such as 5G construction and rail transit, and new consumption is strengthening, adding that "the driving role of the new economy in the overall economy is very significant."


In fact, the share of the new economy in the GDP of many local governments has continued to rise. According to previous data released by the Beijing Municipal Bureau of Statistics, the new economy accounts for nearly 40 percent of the city's gross domestic product. In addition, guangdong's added value from the NEW economy accounts for nearly 30 percent of the region's GROSS domestic product.


In the fourth quarter of this year, relevant departments and local governments made a number of statements stressing greater efforts to tap the potential of the new economy.


On October 12, a video symposium of leading officials from some local governments stressed the need to accelerate the development of new growth drivers. We will actively mobilize market forces, develop new business forms and models, accelerate the integration of online and offline consumption, and promote synergy between new and traditional consumption to unleash consumption potential and boost economic growth. With a view to promoting economic transformation and upgrading, we will, in accordance with the law, steadily advance the construction of the "two new priorities" and explore more new and effective growth areas for investment in ecological and environmental protection and in tackling key technologies.


Intensive deployment is also taking place locally. On October 13, the Shanghai municipal party committee of finance and economics committee meeting pointed out that to speed up the development of creative economy, service economy and open economy, headquarters economy, traffic, promote talents, capital, technology, information and traffic capacity increase can promote data, cloud computing, artificial intelligence and other big emerging flow increase, foster new economic online. We should continue to make efforts to create an "initial public offering economy", "night economy" and "tax-exempt economy".


On October 18, zibo city government of Shandong Province launched several Policies to support The Development of new Economy at the New Economic Development Conference. It is proposed to cultivate and form 4-5 new economic industry tracks of 10 billion level by 2025, and build a group of nationally well-known and industry-leading industrial clusters with new economic characteristics, with the new economic scale of the city exceeding 200 billion yuan.


, xiang-dong liu, a deputy minister of the China international economic and exchange center for economic research of the economic information daily, reporters, affected by the factors such as disease, kinetic energy there are signs of economic development, to complete the established development goals need to speed up the development of new kinetic energy, make full use of digital tools to promote consumer upgrades, cultivate strong domestic demand market, supporting economic momentum in the development of high quality.


Major projects to develop the new economy and industries will be major projects. Reporters noted that the total scale of the new economy is 100 billion major projects, recently in many areas intensive signing.


At the third Digital China Construction Summit just concluded, Fujian province solicited and sorted out a total of 607 digital economy docking projects with a total investment of 439.2 billion yuan, among which 426 signed projects with a total investment of 331.6 billion yuan, representing year-on-year growth of 38.3% and 31.6% respectively, covering cutting-edge fields such as artificial intelligence, 5G, industrial Internet and block chain.


Earlier, Chengdu held a new economy investment and investment signing activities, covering the green economy, flow economy, creative economy, digital economy, sharing economy, intelligent economy six new economic forms, including artificial intelligence, advanced manufacturing and other more than 30 new economy industries.


At present, Chengdu new Economy has signed more than 100 projects with a total planned investment of nearly 200 billion yuan.


Gao Ruidong, chief macro analyst at Guotai Junan Securities, told reporters that the landing of major new economy projects in batches is an important support to drive economic development. He noted that while the domestic economic recovery is accelerating, consumer spending remains weak and business confidence in investment still has room to improve. Cultivating new drivers of growth, developing the new economy, giving full play to the advantages of super-large markets, and further tapping the potential of domestic demand will play an important role in addressing external uncertainties and boosting the confidence of residents and entrepreneurs.


It is worth noting that at the same time as major new economy projects have been launched in large Numbers, funds for the transformation and Upgrading of the manufacturing industry and investment funds for the integrated circuit industry have also stepped up their efforts. The Ministry of Industry and Information Technology (MIIT) recently said it will actively guide the national Manufacturing industry Transformation and Upgrading Fund to pay attention to and support key projects and key enterprises in the power battery field that are in line with the national strategy and have advantages. Zhuhai recently issued a request, led by the Municipal SasAC to set up an IC industry investment fund with a scale of no less than 10 billion yuan, focusing on supporting the introduction of basic, strategic and major projects of the city's IC industry, as well as mergers and acquisitions and new (expansion) construction of local enterprises.

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In this regard, Gao Ruidong pointed out that, on the one hand, the industrial transformation fund can play the guiding and promoting role of fiscal funds to promote local industrial transformation and upgrading, economic structure adjustment and resource optimization allocation; On the other hand, we can focus on supporting industries with obvious basic, leading and strategic features, strengthen the integration of the upstream and downstream of the industrial chain, and accelerate the formation of industrial synergy. In addition, compared with traditional industries, the development of new economy, such as high-tech industries, requires more stable policy support and strong financial support. It is also a common pattern overseas for local governments to take the lead in establishing industrial guidance funds.


In the industry, in the fourth quarter, local governments will focus on the new economy, new infrastructure, new consumption, intelligent manufacturing and other expected to usher in greater support.


"At present, social capital is investing in new infrastructure, new forms of business, new models and other fields with high enthusiasm, mainly because these new market fields have development prospects and can improve the investment return level of enterprises under the policy incentive and demand driving." Liu xiangdong said.


In Gao ruidong's view, the new economy covers a wide range of industries including primary, secondary and tertiary industries, including the upgrading of high-tech industries, traditional industrial manufacturing, and the updating and integration of rural industries and modern science and technology. Due to the low entry threshold and mature profit mechanism of the secondary industry, the current social capital mainly focuses on the investment in the industrial upgrading process of traditional industrial manufacturing. "However, in promoting the implementation of new economy projects, we should not only rely on top-level design, but also pay attention to ensuring the implementation of supporting financial, tax, capital and intellectual property protection, and quickly respond to problems encountered in the whole process of the production chain, such as R&D, production and sales."


Liu Xiangdong reminded that in the promotion of new economic projects need to pay attention to avoid a swarm of projects, a one-size-fits-all policy, in accordance with the market principles to guide the sound development of investment, reduce redundant construction and invalid investment, improve effective investment, promote high-quality construction, new supply effectively adapt to the upgraded demand.