The 18-way inspection team of the State Council went to the place: the threshold of private investment is widespread

Abstract On July 17, a financial person from a province in the east received a call from the State Council inspection team to inquire about the proposal. For the first time, he was the first to meet. "The phone number may have been sampled and the inquiry should be random...
On July 17, a financial person from a province in the east received a call from the State Council inspection team to inquire about the proposal. For the first time, he was the first to meet.
"The mobile phone number may have been sampled, the inquiry should be random, and the phone number comes from the local landline." The financial person told reporters about the State Council's supervision.
Beginning in mid-July, the 18-way inspection team of the State Council went to various places to conduct inspections. Generally, it was led by deputy ministerial-level cadres. The main inspections included deepening the reform of “distribution suits”, reducing the cost of enterprises, and promoting "Double-Creation" fosters new kinetic energy, actively expands effective investment, and implements various policies and measures to stabilize growth, promote reform, and adjust structure to ensure the completion of the main objectives of economic and social development throughout the year.
The time of the inspection team at various times and the telephone number were also announced online by the Chinese government. It is reported that residents and business people from all over the world are calling. According to official news, as of 11:00 on July 16, 18 inspection teams received more than 2,000 hotline calls. The problems mainly involved the difficulty of doing business for enterprises, charging fees for enterprises, high private investment threshold, failure to implement innovative and entrepreneurial policies, and people's livelihood. The guarantee is not in place.
Among them, the issue of private investment has received much attention. In the first half of this year, the national private fixed assets investment was 1,723.9 billion yuan, a nominal increase of 7.2% year-on-year, which was lower than the national fixed assets investment of 8.6%. It has not yet changed the overall private investment since last year.
Jin Xiangrong, executive director of the Private Economy Research Center of Zhejiang University, pointed out that the reason why private investment is slowing down is because projects with high returns are not easy to find. It is difficult to build money in the same way as in the past; and institutional obstacles have always existed, such as The financial sector lends money, is cautious about private private investment, and relatively loose for state-owned enterprises.

The 18th road inspection team went to the local area. It is reported that the 18th State Council supervision team has already carried out intensive work in various places. Each inspection team supervises a province (autonomous region, city) and inspects each province (autonomous region, city) for 8-10 days.
The first, second, third and fourth groups went to Tianjin, Hebei, Shanxi and Inner Mongolia respectively. The fifth and sixth inspection teams went to Jilin and Heilongjiang. The seventh, eighth and ninth inspection teams went to Jiangsu, Zhejiang and Shandong in East China. Groups 10 to 12 went to the central provinces. The thirteenth group went to Guangdong. The fourteenth to eighteenth groups went to Chongqing, Guizhou, Yunnan, Shaanxi, Gansu and other places in the west.
The inspection teams are led by deputy ministerial level cadres. For example, the leader of the 17th group inspection team is Wu Qinghai, deputy director of the AQSIQ. The head of the 18th inspection team is Wang Pei'an, deputy director of the National Health and Family Planning Commission. The head of the 14-group inspection team is Wang Bingnan, vice minister of the Ministry of Commerce.
Each inspection team has a comprehensive group, as well as five special inspection teams to reduce the cost of enterprises, deepen the reform of “distribution suits”, promote the “new creation” of new development, effective investment, and medical pension.
Gao Xiaobing, leader of the 16th inspection team and deputy minister of the Ministry of Civil Affairs, participated in a comprehensive discussion on the morning of July 18th with the provincial government departments of Yunnan Province to understand the promotion of investment projects in the central budget, basic information on private investment and foreign investment, and corporate financing. In the case, we will have a detailed understanding of the reasons for restricting the development of the private economy and the difficulty of financing private enterprises.
In addition, the comprehensive group discussed the implementation of the State Council's policy on resolving excess capacity and promoting the healthy development of private investment.
According to the reporter's understanding, the State Council's inspection team has received a lot of information feedback problems. For example, some local pensions have not been well distributed, some commodity houses have not been settled for many years, and some places reflect the problem of wage arrears of migrant workers. Wait.
Private investment is one of the main contents of the supervision, and it is also the area where the localities reflect more problems. As Liu Qihong, a researcher at the Sunan Economic Institute of Hohai University and a researcher at the China Private Economy Research Association, said that there are still many problems to be solved in private investment. For example, some good investment projects make it difficult for private enterprises to enter, and bad projects do not dare to go in.

The threshold for private investment is generally January-June 2017. The private fixed assets investment is 1,723.9 billion yuan, a nominal increase of 7.2% year-on-year, which is lower than the national fixed asset investment growth rate of 8.6%. Among them, the private investment in road transportation was 203 billion yuan, a year-on-year increase of 4.1%. Railway private investment was 7.6 billion yuan, down 8.9% year-on-year.
In the first half of the year, the national road transport investment and railway investment were 1,685 billion yuan and 303.2 billion yuan respectively, up 23.2% and 1.9% respectively. That is to say, private investment in the road transport industry accounts for only 12%.
Why is such a low ratio and growth rate? It is not because private capital is unwilling to vote, but it is difficult to enter.
Taking urban public transport as an example, the State Council's Guiding Opinions on Urban Priority Development of Public Transport (Guo Fa [2012] No. 64) (hereinafter referred to as the “Opinions”) proposes to attract and encourage social funds to participate in the construction and operation of public transport infrastructure. In terms of market access standards and preferential support policies, they treat all types of investment entities equally.
The actual situation is that the reforms in different cities vary widely. Some local public transports are privately owned and owned by local governments. Some places are state-owned and private, and some are private. For example, among the 17 city-level city bus enterprises in Hubei Province, except for Huanggang, Xianning, Suizhou and Qianjiang, which are private enterprises that attract investment, the others are state-owned bus companies. Public transportation in Xinyang City, Henan Province and Lu'an City, Anhui Province, used to be a private enterprise. In recent years, the government has implemented state-owned enterprise acquisitions.
Zeng Debao, deputy general manager of Jiangxi Nanchang Public Transportation Group, pointed out that Jiangxi basically completed the transformation of state-owned, state-owned or state-controlled mixed ownership in cities above the municipal level two years ago. Most of the county-level buses are private, and the government will have concerns when granting subsidies. "The money is given to the private sector, and it is not clear."
Previously, the "Opinions" proposed to improve the price subsidy mechanism and propose a policy-based loss for the reasonable definition of subsidy compensation scope, the implementation of low fares, reduction and exemption of votes, and government mandated tasks. However, many private bus companies are difficult to get subsidies.
Liu Qihong believes that many urban services are in short supply, such as education, medical care, old-age care, cultural entertainment, etc. However, the cost of private enterprises is high, and many policies are not matched. In addition, many emerging industries need to develop, and they need a relaxed entrepreneurial and innovative environment. These are the feedbacks that need to be inspected by the inspection team and can be better resolved in the future.

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