In February 2022, the No. 1 central document was released, expanding the investment in rural revitalization and promoting the construction of digital countryside;
In the government work report of March 2022, it is proposed to arrange 3.65 trillion yuan of local government special bonds;
In May 2022, a package of measures will be further deployed to comprehensively strengthen infrastructure construction;
The Central Economic Work Conference in December 2022 will vigorously boost market confidence and go all out to fight the economy
In 2022, the industry will face a particularly difficult year as it is going beyond the sand. In this context, the Chinese government has issued a series of policies to expand domestic demand, stabilize the economy and promote development, from the "Solid and Stable Economic Package of Policy Measures" issued by the State Council at the end of May 2022 to the Central Economic Work Conference in December 2022, which released the signal of making every effort to fight the economy in 2023, "vigorously boost market confidence" and "achieve effective improvement in quality and reasonable growth in quantity".
What measures have been taken in the past year to promote the development of the construction machinery industry to expand domestic demand and compete with the economy?
February 2022
No. 1 central document is released: expand investment in rural revitalization and promote digital rural construction
On February 22, 2022, the Opinions of the Central Committee of the Communist Party of China and the State Council on Doing Well the Key Work of Comprehensively Promoting Rural Revitalization in 2022 (hereinafter referred to as the Opinions), namely the No. 1 central document of the Central Committee in 2022, was released. This is the 19th No. 1 central document guiding the work of "agriculture, rural areas and farmers" since the 21st century. [Details]
This national document puts forward clear requirements on how to maintain the bottom line of national food security and strengthen the basic support of modern agriculture: first, stabilize the annual grain planting area and yield; Second, implement the "long teeth" hard measures for farmland protection. In 2022, 100 million mu of high-standard farmland will be built, and 400 million mu of high-efficiency water-saving irrigation area will be built in total; Implement water resource allocation projects such as key water sources and major water diversion projects; 80 million mu of black land conservation tillage was implemented; Vigorously promote key agricultural core technologies such as seed sources.
March 2022
Government work report: it is planned to arrange 3.65 trillion yuan of local government special bonds in 2022
On the morning of March 5, 2022, Premier Li Keqiang, on behalf of the State Council, made a government work report to the fifth session of the 13th National People's Congress. The government work report pointed out that it is planned to arrange 3.65 trillion yuan of local government special bonds this year. [Details]
The amount of local government special bonds to be arranged in 2022 is the same as that of last year, both of which are 3.65 trillion yuan, and still maintain strong support. The report clearly pointed out that we should actively expand effective investment. Centering on the major strategic deployment of the country and the "Fourteenth Five-Year Plan", we will moderately advance infrastructure investment. We will build key water conservancy projects, comprehensive three-dimensional transportation networks, important energy bases and facilities, accelerate the renovation of urban gas pipelines and other pipe networks, improve flood control and drainage facilities, and continue to promote the construction of underground comprehensive pipe corridors.
April 2022
Political Bureau meeting of the CPC Central Committee: comprehensively strengthen infrastructure construction
On April 29, 2022, the Political Bureau of the CPC Central Committee held a meeting to analyze and study the current economic situation and economic work, and to review the National Talent Development Plan during the 14th Five-Year Plan.
The Political Bureau meeting of the CPC Central Committee held on April 29 proposed to comprehensively strengthen infrastructure construction. The policy released a clear signal that infrastructure investment, as the "ballast stone" of economic growth, will carry the "banner" of expanding domestic demand, promoting circulation and stabilizing growth, and infrastructure investment will accelerate. Experts said that the policy will promote the smooth flow of infrastructure projects and financing, and play a multiplier effect to drive the development of the industrial chain and further stabilize the macroeconomic market.
More than 60 cities have loosened restrictions on purchase and sale, and real estate regulation has taken a key step
In April 2022, under the tone of "no speculation in real estate", the regulation of the real estate market around the country was gradually relaxed.
In the first quarter of 2022, more than 60 cities have issued loose policies, ranging from reducing the proportion of down payment and the interest rate of housing loans, easing the requirements for provident fund loans, easing the settlement policy, granting housing purchase subsidies, to easing the "five restrictions" policies such as purchase restriction, loan restriction and sales restriction
May 2022
Work plan for solidly promoting the implementation of major transportation engineering projects in the "14th Five-Year Plan": focus on promoting 11 major transportation engineering projects, and accelerate the construction of key projects in the "14th Five-Year Plan"
On May 20, 2022, the Ministry of Transport issued the Work Plan on Solid Promotion of the Implementation of Major Transportation Projects in the "Fourteenth Five-Year Plan". In accordance with the principles of serving the overall situation, stabilizing investment and ensuring people's livelihood, we will accelerate the implementation of the project and constantly enhance the supporting capacity of the comprehensive transportation network.
According to the development goals and key tasks determined in the "Fourteenth Five-Year Plan" transportation series planning, and in accordance with the selection principles of significance, far-reaching impact, outstanding benefits, leading technology, and demonstration drive, 11 major transportation project packages are proposed for the "Fourteenth Five-Year Plan" period. Among the 102 major engineering projects in the Outline of the "Fourteenth Five-Year Plan", the transportation projects led by the Ministry of Transport are included in various engineering packages for overall promotion.
33 measures in 6 aspects! The State Council further deployed a package of measures to stabilize the economy: the policy is strong and targeted
The executive meeting of the State Council, held on May 23, 2022, further deployed a package of measures to stabilize the economy, including 33 measures in six aspects, to push the economy back to the normal track and ensure that it operates within a reasonable range.
The meeting decided to implement 33 measures in six aspects, mainly including: first, fiscal and related policies to stabilize the employment of market entities; The second is the financial policy, which will double the amount and proportion of support tools for inclusive small and micro loans this year; The third is to stabilize the supply chain of the industrial chain, optimize the policy of resuming work and reaching production capacity, and improve the service for "white list" enterprises; Fourth, promote consumption and effective investment, relax the restrictions on the purchase of cars, and reduce the purchase tax of some passenger cars by 60 billion yuan in stages; Fifth, to ensure energy security, implement local coal production responsibilities, adjust coal mine nuclear capacity increase policies, speed up the handling of coal mine supply guarantee procedures, and start a number of hydropower, coal and power and other energy projects; Sixth, we should ensure the basic livelihood of the people, and do a good job in unemployment security, subsistence allowances and relief for the needy.
June 2022
The Ministry of Water Resources issued 19 measures to promote the construction of water conservancy projects
In June 2022, the Ministry of Water Resources issued 19 specific measures to accelerate the construction of water conservancy projects.
The relevant person in charge of the Ministry of Water Resources said that the 19 specific work measures involved: expanding financing channels for water conservancy construction, fully promoting 55 major water conservancy projects, accelerating the construction and transformation of irrigation areas, and accelerating the reinforcement of dangerous reservoirs.
In terms of expanding financing channels for water conservancy construction, by the end of May, the Ministry of Water Resources had strengthened policy support for water conservancy construction investment and financing from bank loans, trust funds, social capital and other aspects. Of the 55 major water conservancy projects deployed and promoted by the state in 2022, 12 have been commenced, and another 6 will be commenced by the end of June.
The Ministry of Housing and Urban-Rural Development and the Ministry of Finance jointly issued a document that from August 1, the proportion of project progress payment will be increased to 80%
In June 2022, the Ministry of Finance and the Ministry of Housing and Urban-Rural Development jointly issued the Notice on Improving the Measures for Settlement of Construction Project Price (hereinafter referred to as the "Notice"). From August 1, 2022, the proportion of project progress payment will be increased to 80%! [Details]
Due to the low proportion of project progress payment, as the scale of enterprises continues to expand, large and extra-large construction projects continue to increase, the amount of funds that construction enterprises need to advance is increasing; In addition, construction enterprises still need to pay four types of deposits in engineering construction, and have been faced with the problems of "settlement difficulty" and "collection difficulty" for a long time, resulting in the increasing amount of accounts receivable and higher financial costs, which have seriously squeezed the working capital of construction enterprises, increased the enterprise's asset-liability ratio, and seriously squeezed the enterprise's survival and development space.
July 2022
National highway network planning: the total scale of the national highway network will reach 461000 kilometers by 2035
On July 12, 2022, the National Development and Reform Commission and the Ministry of Transport held a press conference and announced the National Highway Network Plan, which proposed the layout plan of the national highway network by 2035. At that time, the total scale of the national highway network in China will be about 461000 kilometers.
The new planned road network has further strengthened the support for the development of urban agglomeration and metropolitan area. The overall coverage of the national highway network has extended from medium and above cities with an urban population of more than 200000 to cities and counties with an urban population of more than 100000. The general national highway has further strengthened the inter-city corridor and the connection to important scenic spots. By 2035, China will basically build a modern high-quality national highway network with extensive coverage, complete functions, intensive efficiency, green intelligence, safety and reliability. Among them, the proportion of ordinary national highways of Class II and above in the western region will reach 70%.
"30 articles of judicial assistance for the construction of a unified national market" came out
On July 25, 2022, the Supreme People's Court held a press conference to release the Opinions of the Supreme People's Court on Providing Judicial Services and Guarantees for Accelerating the Construction of a National Unified Market (hereinafter referred to as the Opinions) and supporting typical cases.
The full text of the Opinions has 30 articles, so it can also be called "30 articles of judicial assistance to the construction of a unified national market". To sum up, it mainly includes three aspects: first, put forward general requirements; Second, clear work measures. Play the "five unifications" service guarantee combination, including: strengthening the unified and equal protection of market subjects, helping to create a unified factor and resource market, maintaining unified market transaction rules according to law, helping to promote the high-level unification of the goods and services market, and effectively maintaining a unified market competition order; Third, improve the working mechanism.
August 2022
Work plan for solidly promoting the implementation of major transportation engineering projects in the "14th Five-Year Plan": focus on promoting 11 major transportation engineering projects, and accelerate the construction of key projects in the "14th Five-Year Plan"
On August 15, 2022, the Ministry of Transport, the National Development and Reform Commission and other six departments issued the Implementation Plan for Rural Road Expansion, Investment Stabilization and Employment and Better Service for Rural Revitalization (hereinafter referred to as the "Plan"), proposed to implement the five major projects of "four good rural roads" to help rural revitalization, strive to complete an additional investment of about 100 billion yuan, and encourage financial institutions and social forces to participate in the construction of rural roads legally and legally.
The Plan clearly states that in 2022, on the basis of striving to complete the original annual tasks and objectives of rural roads in advance, further strengthen financial and other policy support, implement a number of qualified "Fourteenth Five-Year Plan" projects in advance, complete 30000 kilometers of new rural roads, 30000 kilometers of rural road safety and life protection projects, and 3000 dangerous bridges on rural roads, and strive to complete an additional investment of about 100 billion yuan, Drive about 2 million people to work locally and increase their income. At the same time, the number of jobs in the field of rural road management and protection will be stabilized at about 800000.
The Plan requires that the way of work relief should be promoted in the field of rural road construction and management, and priority should be given to the local rural people, especially the poverty-stricken people.
September 2022
Ministry of Industry and Information Technology: vigorously develop the new generation of construction machinery
On September 6, 2022, the Ministry of Industry and Information Technology held a series of press conferences on "Development of Industry and Information Technology in the New Era" to encourage local governments where conditions permit to strengthen the construction of provincial engineering machinery and equipment manufacturing innovation centers. [Details]
Wang Zhen, deputy director of the First Equipment Industry Division of the Ministry of Industry and Information Technology, said at the meeting that since the 18th National Congress of the Communist Party of China, the construction machinery industry in China has adhered to the dominant position of enterprises, accelerated the improvement of quality and efficiency, transformation and upgrading, and constantly improved the level of manufacturing technology, process and equipment, effectively supporting the construction needs of the national economy.
November 2022
15 departments jointly issued the pollution control action plan
On November 14, the Ministry of Ecology and Environment and other 15 departments jointly issued the Action Plan for Deeply Fighting the Difficult Battle of Heavy Pollution Weather Elimination, Ozone Pollution Control and Diesel Truck Pollution Control (hereinafter referred to as the Action Plan).
The Action Plan includes one overall document and three action plans, namely, the Action Plan for Eliminating Heavy Pollution Weather, the Action Plan for Ozone Pollution Control and the Action Plan for Diesel Truck Pollution Control. It is understood that the three major action plans will focus on key areas, key periods and key areas to carry out concentrated tackling, and more emphasis will be placed on "accurate science and legal pollution control" than in the past.
The National Development and Reform Commission (NDRC) has accelerated the commencement of fund projects four times in the month to promote economic stability and upward
On the afternoon of November 30, the National Development and Reform Commission held a "look back" video working meeting on the supervision of policies and measures to stabilize the economy, such as the construction of major projects supported by funds, to deploy and further implement a series of policies and measures to stabilize the economy.
The video of the meeting was connected to 6 project construction sites to listen to the project progress report; Beijing, Shanghai, Anhui, Guangdong and other four provinces and cities introduced the implementation of the Fund's support for major project construction, the implementation of the economic stability package policy and the continuation policy, and Chongqing introduced the progress of the Fund's projects. Previously, the National Development and Reform Commission held three consecutive video scheduling work meetings for fund projects on November 9, November 18 and November 25, respectively, to urge and guide local governments to accelerate the construction of projects that have been signed and launched with policy-oriented development financial instruments (hereinafter referred to as "fund projects"), to form more physical workload as soon as possible, and to provide support for achieving stable investment growth and stabilizing the economy.
December 2022
Central Economic Work Conference: focus on improving confidence and expanding domestic demand
From December 15 to 16, the Central Economic Work Conference was held in Beijing. The Central Economic Work Conference set the pace for development in 2023, stressing the need to vigorously boost market confidence, promote the overall improvement of economic operation, achieve effective improvement in quality and reasonable growth in quantity, and make a good start for the comprehensive construction of a modern socialist country.
The meeting proposed that the economic work of next year is in a myriad of ways. We should start from the strategic overall situation, focus on expanding domestic demand, and give priority to the recovery and expansion of consumption. At the same time, we should effectively drive the investment of the whole society through government investment and policy incentives, accelerate the implementation of the "14th Five-Year Plan" major projects, and strengthen inter-regional infrastructure connectivity. Policy finance should increase financing support for major projects in line with the national development plan. We will encourage and attract more private capital to participate in the construction of major national projects and complementary projects.
For the 2023 fiscal policy and monetary policy arrangement meeting, it was emphasized that the active fiscal policy should increase its efficiency, maintain the necessary fiscal expenditure intensity, optimize the combination of deficit, special debt, discount and other tools, and ensure fiscal sustainability and local government debt risk controllability in effectively supporting high-quality development. We should strengthen the transfer payment from the central government to the local government, promote the financial sink, and do a good job of "three guarantees" at the grass-roots level.
Implementation plan for expanding domestic demand strategy in the "14th Five-Year Plan": continue to promote investment in key areas to complement weaknesses
On December 14, 2022, the Central Committee of the Communist Party of China and the State Council issued the Outline of the Strategic Plan for Expanding Domestic Demand (2022-2035), and issued a notice requiring all regions and departments to earnestly implement it in combination with the actual situation.
The Outline points out that we should be good at grasping the direction of investment, removing investment barriers, focusing on key areas and weak links, making efforts to increase investment in manufacturing industry, strengthening the efforts to complement weaknesses in key areas, systematically laying out new infrastructure, focusing on improving investment efficiency, promoting rational growth of investment scale, continuous optimization of structure, and enhancing the investment growth momentum. It includes speeding up the construction of transportation infrastructure, strengthening the construction of energy infrastructure, speeding up the construction of hydraulic infrastructure, improving the logistics infrastructure network, increasing the construction of ecological and environmental protection facilities, and improving the social and livelihood infrastructure. Systematic layout of new infrastructure, including accelerating the construction of information infrastructure, comprehensive development of integrated infrastructure, and forward-looking layout of innovative infrastructure.
The Ministry of Industry and Information Technology and other three departments jointly issued a notice: 17 specific measures to boost the industrial economy
On December 21, 2022, the Ministry of Industry and Information Technology, the National Development and Reform Commission and the State-owned Assets Supervision and Administration Commission of the State Council jointly issued the Notice on Consolidating the Revitalization and Revitalizing the Industrial Economy (hereinafter referred to as the Notice).
The Notice requires to seize the important window period of the current economic recovery, and put forward 17 specific measures from five aspects, namely, consolidating the foundation of industrial economic recovery by taking multiple measures simultaneously, strengthening the stable development of key industries by implementing policies in different industries, promoting the coordinated development of industrial economy in different regions by implementing policies in different regions, and continuously improving the vitality of enterprises by implementing policies in different enterprises, and ensuring measures. Put stabilizing the industrial economy in a more prominent position, strengthen the goal orientation, problem orientation and result orientation, compact the main responsibility, gather all forces, focus on expanding demand, promoting circulation, helping enterprises, strengthening momentum and stabilizing expectations, ensure that the industrial economy operates in a reasonable range in the fourth quarter of 2022, maintain the basic stability of the proportion of manufacturing industry, and lay a solid foundation for achieving "stable opening" in 2023 and accelerating the promotion of new industrialization.
Say goodbye to 2022 and enter 2023. In the post-epidemic era, enterprises in the construction machinery industry have a long way to go. Accelerate transformation, reshape core competitiveness and create a new industry economy.
