2023 Infrastructure Investment and Real Estate Policy! The center sets the tone!

From December 15 to 16, the Central Economic Work Conference was held in Beijing to summarize the economic work in 2022, analyze the current economic situation, and deploy the economic work in 2023. Xi Jinping, General Secretary of the CPC Central Committee, President of the People's Republic of China, and Chairman of the Central Military Commission, attended the meeting and delivered an important speech. Li Keqiang, Li Qiang, Zhao Leji, Wang Huning, Han Zheng, Cai Qi, Ding Xuexiang and Li Xi attended the meeting.

✦ The meeting focused on the real estate sector, to ensure the steady development of the real estate market, to ensure the delivery of buildings, people's livelihood, and stability, to meet the reasonable financing needs of the industry, to promote industry restructuring and mergers and acquisitions, to effectively prevent and resolve the risks of high-quality head real estate enterprises, to improve the asset and liability situation, and at the same time to resolutely crack down on illegal and criminal acts in accordance with the law.

✦ The meeting emphasized the need to effectively drive investment from the whole society through government investment and policy incentives, accelerate the implementation of major projects in the 14th Five-Year Plan, and strengthen inter-regional infrastructure connectivity. Policy-based finance should increase financing support for major projects in line with the national development plan. Encourage and attract more private capital to participate in the construction of major national projects and projects to make up for shortcomings.

At present, the economy is still facing a large "triple pressure", boosting the confidence of the real estate market, implementing the strategy of expanding domestic demand, and highlighting the construction of infrastructure such as major projects and key projects are not only important directions for stabilizing the economy. It is also the guiding light to ensure the demand for sand and gravel!.

Relevant experts said that the Central Economic Work Conference is more confident in the judgment of the next economic situation, emphasizing that in 2023, it is necessary to "promote the overall improvement of economic operation and achieve effective qualitative improvement and reasonable quantitative growth". It is expected that after the disruption of the epidemic to the macroeconomic operation weakens, the domestic economic growth rate will rebound sharply next year, and the GDP growth rate will exceed 8%.

At present, the state has a clear positioning of the role of infrastructure construction in stimulating the economy and supporting the foundation, and the meeting pointed out that "accelerate the implementation of the major projects of the 14th Five-Year Plan and strengthen inter-regional infrastructure connectivity", and it is expected that the demand for sand and gravel in the infrastructure field will remain high in 2023. On the real estate aspect, the meeting emphasized that "we must adhere to the positioning that the house is used for living, not for speculation, and promote the smooth transition of the real estate industry to a new development model", although it is expected that the real estate growth will be difficult to return to the previous era of rapid growth, but the real estate industry will "bottom out" in 2023 It is foreseeable, which will greatly stabilize the confidence of the sand and gravel market and is also conducive to the stable development of the sand and gravel industry. However, it is worth noting that in the past two years, the investment in sand and gravel rights has continued to rise, and the risk of overcapacity in some areas has emerged, and with the continuous release of the production capacity of various mining rights, it is expected that the competition in the sand and gravel market will be more fierce in 2023!

In his important speech, Xi Jinping summarized the economic work in 2022, analyzed the current economic situation, and deployed the economic work in 2023.

The meeting pointed out that next year's economic work is full of complicated things, and it is necessary to proceed from the overall strategic situation, start with improving social psychological expectations, and boost confidence in development, and do a good job in a comprehensive manner.

The first is to focus on expanding domestic demand. Priority should be given to reviving and expanding consumption. Enhance consumption capacity, improve consumption conditions, and innovate consumption scenarios. Increase the income of urban and rural residents through multiple channels, and support consumption such as housing improvement, new energy vehicles, and elderly care services. It is necessary to effectively drive the investment of the whole society through government investment and policy incentives, accelerate the implementation of major projects in the 14th Five-Year Plan, and strengthen inter-regional infrastructure connectivity. Policy-based finance should increase financing support for major projects in line with the national development plan. Encourage and attract more private capital to participate in the construction of major national projects and projects to make up for shortcomings. It is necessary to continue to give play to the supporting role of exports in the economy, and actively expand the import of advanced technology, important equipment, energy resources, and other products.

The second is to speed up the construction of a modern industrial system. Focusing on the key industrial chain of the manufacturing industry, identify the weak links of key core technologies and components, concentrate high-quality resources to work together to tackle key problems, ensure that the industrial system is independent, controllable, safe and reliable, and ensure the smooth circulation of the national economy. Strengthen the domestic exploration and development of important energy and mineral resources, increase reserves and production, accelerate the planning and construction of a new energy system, and enhance the ability to guarantee national strategic material reserves. Implement a new round of 100 billion catties of grain production capacity improvement action. Enhance the status and competitiveness of traditional industries in the global industrial division of labor, and accelerate the research and development and application promotion of cutting-edge technologies such as new energy, artificial intelligence, biomanufacturing, green and low-carbon, and quantum computing. It is necessary to vigorously develop the digital economy, improve the level of normalized supervision, and support platform enterprises to play a role in leading development, creating jobs, and international competition. Seize the new opportunities bred in the process of global industrial structure and layout adjustment, and have the courage to open up new fields and win new tracks.

The third is to earnestly implement the "two unswerving". In view of the incorrect discussion in society about whether or not we adhere to the "two unwavering" principles, we must be clear and unambiguous. It is necessary to deepen the reform of state-owned assets and state-owned enterprises and improve the core competitiveness of state-owned enterprises. Adhere to the direction of classification reform, and properly handle the relationship between the economic responsibility and social responsibility of state-owned enterprises. Improve the modern corporate governance of state-owned enterprises with Chinese characteristics, and truly operate according to the market-oriented mechanism. It is necessary to put down the requirements for equal treatment of state-owned enterprises and private enterprises in terms of system and law, and encourage and support the development and growth of the private economy and private enterprises in terms of policies and public opinion. Protect the property rights of private enterprises and the rights and interests of entrepreneurs in accordance with the law. Leading cadres at all levels should solve problems for private enterprises, do practical things, and build pro-Qing political and business relations.

Fourth, greater efforts should be made to attract and utilize foreign investment. It is necessary to promote high-level opening up and improve the quality and level of trade and investment cooperation. It is necessary to expand market access and intensify the opening up of the modern service industry. It is necessary to implement the national treatment of foreign-funded enterprises, ensure that foreign-funded enterprises participate equally in government procurement, bidding and bidding, and standard-setting in accordance with the law, and increase the protection of intellectual property rights and the legitimate rights and interests of foreign investment. It is necessary to actively promote accession to high-standard economic and trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement, and take the initiative to deepen domestic reforms in relevant fields in accordance with relevant rules, regulations, management and standards. It is necessary to provide maximum convenience for foreign businessmen to engage in trade and investment negotiations in China, and promote the implementation and construction of foreign-funded landmark projects.

Fifth, it is necessary to effectively prevent and resolve major economic and financial risks. It is necessary to ensure the steady development of the real estate market, do a solid job in ensuring the delivery of buildings, ensuring people's livelihood and ensuring stability, meet the reasonable financing needs of the industry, promote industry restructuring and mergers and acquisitions, effectively prevent and resolve the risks of high-quality head real estate enterprises, improve the asset and liability situation, and resolutely crack down on illegal and criminal acts in accordance with the law. It is necessary to implement policies according to the city, support the demand for rigid and improved housing, solve the housing problems of new citizens and young people, and explore the construction of the long-term rental housing market. It is necessary to adhere to the positioning that houses are for living, not for speculation, and promote the smooth transition of the real estate industry to a new development model. It is necessary to prevent and defuse financial risks, consolidate the responsibilities of all parties, and prevent the formation of regional and systemic financial risks. Strengthen the centralized and unified leadership of the CPC Central Committee over financial work. It is necessary to prevent and resolve the risk of local government debt, resolutely curb the increment and dissolve the stock.

The meeting pointed out that it is necessary to comprehensively promote rural revitalization and resolutely prevent large-scale return to poverty. Plan a new round of comprehensively deepening reforms. Promote the high-quality development of the Belt and Road Initiative. We will thoroughly implement major regional strategies and coordinated regional development strategies. It is necessary to promote the green transformation of economic and social development, and work together to promote carbon reduction, pollution reduction, green expansion and growth, so as to build a beautiful China.

The meeting stressed the importance of keeping the economy running smoothly for an economy of our size. Efforts should be made to stabilize growth, employment, and prices, and keep the economy operating within a reasonable range. Pay attention to the implementation of policies around the needs of market entities, improve the implementation of policies, and enhance timeliness and accuracy. It is necessary to unswervingly deepen reform and stimulate market vitality and social creativity to a greater extent. Respect the laws of the market, deepen the reform of streamlining administration and delegating powers, combining decentralization and decentralization, optimizing services, and treating all types of ownership enterprises equally. It is necessary to focus on the development of the real economy and rely on innovation to cultivate and expand new momentum for development. Promote the transformation and upgrading of traditional industries, support the development of strategic emerging industries and modern service industries, promote the in-depth development of mass entrepreneurship and innovation, and maximize the potential of innovation and creativity of the whole society. It is necessary to fully tap the potential of the domestic market and enhance the role of domestic demand in stimulating economic growth. Focusing on the urgent needs of economic development and people's livelihood, we will promote the construction of major projects to make up for shortcomings, and strive to eliminate unfavorable factors that restrict residents' consumption. Strengthen the prevention and control of financial and local debt risks, and maintain the bottom line of no systemic risks. It is necessary to make greater efforts to promote the stabilization of the scale and optimal structure of foreign trade, and to promote the stabilization and expansion of foreign investment, so as to cultivate new growth points for international economic and trade cooperation. It is necessary to strengthen basic public services, strengthen the bottom line of basic people's livelihood, support and guide social forces to increase diversified supply, and continue to improve people's livelihood and well-being.