This year, China's fixed asset investment experienced rapid growth in recent years rare, of which private investment has soared. Statistics show that the first 10 months of this year, the growth rate of private investment in China reached 18%, year-on-year growth rate is two times. Domestic private investment proportion to state-owned investment. Insiders cheer: private capital has begun to force.
Statistics show that the first three quarters, China's collective economy investment 335 billion yuan, an increase of 15.7%; individual economic investment 370 billion 400 million yuan, up 20.2%.
Since the implementation of China's policy of expanding domestic demand since 4 years, countries have issued long-term construction treasury bonds of 510 billion yuan, plus 150 billion this year, the National People's Congress has approved the issuance of treasury bonds of 660 billion yuan. The 660 billion national debt investment, effectively boosting the economic growth of China, but also to the people to bring a lot of benefits. If this still has among them what "fly in the ointment" words, that is investment in bonds to private investment driven effect is not obvious, the energy of the private capital is not fully played out.
Statistics show that at present, our country private savings has more than 8 trillion yuan, if residents holding the hands of cash, bonds, foreign exchange, etc., the actual folk finance capital stock has exceeded the 10 trillion yuan, but most of them did not enter the field of investment. How to "wake up" the huge amount of private capital, and eventually into the domestic demand, has become the key to the smooth implementation of the policy of expanding domestic demand.
In fact, after the entry into WTO, China has accelerated the pace of civilian investment. Last December 11th, China officially became a WTO member in the same day, the State Planning Commission issued the "several opinions on promoting and guiding the private investment". In January this year, the State Council forwarded the State Planning Commission "on the" fifteen "period to speed up several policies and measures for the development of service industry views". Two documents are clear, who encourage foreign investment and allow access to the field, are encouraged and allowed private investment into; in the implementation of preferential policies for investment, the preferential policies on private investment equally applicable.
Under the condition of market economy, if the state-owned economy, government investment is the mainstay of the role of words, then private economy, private capital is the most active, most positive factors. Moreover, the original implementation of a proactive fiscal policy, one of the purposes of issuing long-term construction bonds, is to "activate" dormant investment. We are pleased to see that in recent years due to the non state-owned economy investment growth speed gradually accelerated, their investment in the whole society's contribution to the growth rate gradually increased. The total contribution rate of investment of domestic private investment growth of the whole society, by 4.92 percentage points in 1998 rose to 5.81 percentage points in 2001.
Economists pointed out that if the private investment to promote economic growth is weak, lack of sustained momentum. On the one hand, our country is in urgent need of a large number of construction funds, constantly issuing long-term bonds, on the other hand large private capital lying in side to sleep. At present, many state-owned enterprises lack the power of self development, state-owned investment rely on bonds to a considerable extent of investment. Therefore, to allow private capital as happy, is Time will not wait for me.
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