A meeting of the Political Bureau of the COMMUNIST Party of China (CPC) Central Committee on April 29 stressed efforts to expand domestic demand, give full play to the key role of effective investment, strengthen land, energy use, environmental impact assessment and other guarantees, and comprehensively strengthen infrastructure construction. The 11th meeting of the Financial and Economic Commission of the CPC Central Committee, held on April 26, studied the issue of comprehensively strengthening infrastructure development, calling for a coordinated development and safety plan, optimizing the layout, structure, function and development model of infrastructure, and building a modern infrastructure system. This is of great significance to ensuring national security, unblocking the major domestic cycle, promoting both domestic and international cycles, expanding domestic demand, and promoting high-quality development.

Infrastructure is an important support for economic and social development. From the Hong Kong-Zhuhai-Macao Bridge, which lies across the Bay of Lingdingyang, to the opening of Tibet's first electrified Railway lalin Railway, to the establishment of the world's largest network of charging facilities, to the system layout of new infrastructure, the CPC Central Committee with Comrade Xi Jinping at the core has attached great importance to infrastructure development since the 18th CPC National Congress. China has made world-leading achievements in major scientific and technological facilities, water conservancy projects, transportation hubs, information infrastructure, and national strategic reserves, and the overall level of infrastructure has improved by leaps and bounds. At the same time, we must be aware that China's infrastructure is still inadequate to meet the needs of national development and security, and we need to make strenuous efforts to build a modern infrastructure system to lay a solid foundation for comprehensively building a modern socialist country.

Infrastructure, as the cornerstone of healthy economic and social development, its facilities network, quality and service capacity are directly related to the overall efficiency of the national economic system. Infrastructure development is an important way to stabilize investment, boost domestic demand and drive economic growth. It is also an important link in promoting upgrading, improving the structure and improving the quality of development. The Central Economic Work Conference held at the end of last year called for moderately advanced infrastructure investment. This year, we plan to issue 3.65 trillion yuan of special bonds for local governments to support follow-up financing for ongoing projects, and start construction of a number of major projects, new infrastructure projects, and renovation of old public facilities where conditions permit. We need to fully leverage the role of major projects and government investment in driving growth. We need to take targeted measures to strengthen weak links and areas of weakness, make solid efforts to promote high-quality infrastructure development, and generate more internal drivers of growth.

Adjusting policies and promoting reform should be timely and effective. To comprehensively strengthen infrastructure construction, we should mobilize all social forces, appropriately advance the layout of infrastructure that is conducive to leading industrial development and safeguarding national security, and at the same time grasp the degree of advance construction. On the one hand, we need to focus on stabilizing the overall macroeconomic market, maintain an appropriate intensity of spending, optimize the spending structure, make spending more performance-oriented, rationally expand its use, and actively expand effective investment around major national strategic plans and the outline of the 14th Five-Year Plan. On the other hand, the proactive fiscal policy should be more efficient, precise and sustainable. Not blindly seek, actively expand the effective investment projects, more than by implementing a massive infrastructure investment program "flood irrigation" strong stimulation, but to focus on economic and social development of key areas and weak links, precise and orderly implementation of a batch of both the current and long-term investment projects, and realize economic benefit, social benefit and ecological benefit and safety benefit unifies. A total of 26.71 trillion yuan has been allocated in this year's general public budget. To properly spend this money, we must exercise strict financial discipline and pay attention to efficiency. We must account for both economic and comprehensive accounts to improve the overall performance of infrastructure throughout its life cycle.

As much as deployment, as much as implementation. In the face of a century of interwoven epidemics and profound changes, and in response to the triple pressures of shrinking demand, supply shocks and weakening expectations in economic development, we continued to use a proactive fiscal policy with greater focus on targeted measures to improve the quality and efficiency of economic development. Under the unified leadership of the CPC Central Committee, strengthening the construction of infrastructure support, set up major infrastructure construction coordination mechanism, overall coordination in various fields, regional planning and construction, infrastructure and strengthen supervision and inspection is carried out tracking efficiencies, constantly improve the implementation of the results, good guide market expectations, and stabilize the market confidence.

Comprehensively strengthening infrastructure development and building a modern infrastructure system fully demonstrates the determination and confidence of the CPC Central Committee to stabilize the overall macroeconomic market. Implement good infrastructure construction decision deployment, drive to expand investment effectively, to plan as a whole epidemic prevention and control and well economic and social development, to escort "six protect" work "six stability", we will be able to keep the economy running at a reasonable interval, efforts to achieve economic and social development goals throughout the year, take concrete actions to meet the party's great victory at 20.

Source: State-owned Assets And Administration Commission of The State Council