if the new generation of information infrastructure such as 5g network, artificial intelligence, industrial internet, internet of things and data center is defined as new infrastructure, then new infrastructure construction (hereinafter referred to as "new infrastructure") is not a new thing. according to the 2018 central economic work conference, in order to promote the formation of a strong domestic market, china still has a huge investment demand potential at the current stage of development. investment should play a key role in accelerating the commercialization of 5g, and strengthen the construction of artificial intelligence, industrial internet, internet of things and other new infrastructure. subsequently, in the 2019 government work report, the government proposed to strengthen the construction of a new generation of information infrastructure. on july 30, 2019, a meeting of the political bureau of the cpc central committee reiterated the need to speed up the construction of new infrastructure, including information networks, for the economic work in the second half of the year. even, can put the "new construction" back in 2008 the international financial crisis, when the global effort to seek new economic growth point in order to cope with the international financial crisis, this enormously promoted the new science and technology to accelerate the development and industrial revolution, since the so-called new infrastructure has been a global investment and pursue the direction of the capital market.
under the impact of covid-19, the central government has repeatedly mentioned "new infrastructure" in recent meetings. the market is also paying high attention to "new infrastructure", which is regarded by some as a new "stimulus plan". indeed, accelerating "new infrastructure" has the function of boosting domestic demand and ensuring that the 2020 economic growth target is met, but "new infrastructure" is not new, in fact, is a continuation of these policies. the scientific attitude is to embed "new infrastructure" in china's high-quality development needs, so that it objectively plays a role in expanding domestic demand and promoting growth. specifically, new infrastructure should be understood as a new type of industrialization, new urbanization and infrastructure of modern economic system, the "new construction" to serve the industrialization, the urbanization strategy with high quality, high quality to be able to insist on supply side structural reform, which can truly in the service of high quality and economic development in our country, to avoid back to "flood irrigation.
new infrastructure should be the infrastructure for new industrialization, supporting high-quality industrialization strategy
the current popular view in the capital market is that new infrastructure mainly includes seven areas: 5 g infrastructure, uhv (iot), high-speed rail (rail), charging pile (new energy vehicles), data center (cloud computing), artificial intelligence, the internet industry, before that, some technical research institutions to incorporate new infrastructure is defined as the perception, transmission, storage, computing, processing as one of the new generation of intelligent information infrastructure. in fact, although these definitions are relatively specific, the connotation is too narrow to truly interpret the full connotation of the "new" of the new infrastructure. should be a "new" and the "traditional", new infrastructure should be corresponding is a traditional infrastructure, and traditional infrastructure is what we understand general railway, highway, airport, port facilities and so on the basis of traditional industrial facilities, basically is based on the last round of the industrial revolution mechanical technology, electrical technology, communication technology and application results. the new infrastructure is the infrastructure of the new industrialization. the so-called new industrialization superimposed the requirements of informatization, digitalization, networking, intelligence and green on the basis of traditional industrialization. it is the result of the emergence and application of information technology, intelligence technology and new energy technology in the new round of scientific and industrial revolution. the new infrastructure includes not only the new-generation intelligent information infrastructure and new energy infrastructure, but also the informationized, intelligent and green facilities of traditional infrastructure. therefore, the new infrastructure should be the new industrialization infrastructure, including not only the new generation of intelligent information infrastructure, but also all kinds of infrastructure related to green; it should include not only the seven areas mentioned above, but also all kinds of infrastructure to support the deepening and expanding new round of scientific and industrial revolution.
because china is a latecomer modernization country, china's industrialization road is not the traditional industrialization road, but the integration of information, green and other requirements of the new industrialization road. on the road of new industrialization, china has rapidly advanced the industrialization process. based on the evaluation of industrialization theory, china's industrialization process has entered the late stage of industrialization. however, the process of industrialization in china still has the problem of imbalance and insufficiency, and the quality of industrialization needs to be improved urgently. first, the industrialization process in different regions is unbalanced, and the industrialization level in some regions is not sufficient. shanghai, beijing, guangdong, zhejiang, jiangsu and other provinces have entered the post-industrialization stage, but a considerable number of central and western provinces are still in the middle of industrialization. second, the structure of industrial development is unbalanced, and the development of innovation capacity and high-end industries is inadequate. low-level overcapacity in steel, petrochemical and building materials industries is a prominent and long-standing problem, while high-end industries are underdeveloped and the high end of the industrial value chain is insufficient, and the capacity for independent innovation needs to be improved. third, there is an imbalance between the speed of industrialization and the carrying capacity of resources and the environment. inadequate development of the green economy and the rapid industrialization of 1.4 billion people pose great challenges to the carrying capacity of resources and the environment. party's 19 report put forward our country's economy has been developed from high quality development stage of rapid growth stage, and is high quality and economic development in the new development concept under the guidance of insufficient in view of the unbalanced development of economic development, to adapt themselves to this, a new road to industrialization in our country also needs from high speed industrialization strategy into high quality strategy of industrialization, in view of the imbalance and inadequacy in the process of industrialization, we will actively promote the strategy of high-quality industrialization. therefore, "new infrastructure" needs to support the strategy of high-quality industrialization, and a series of construction decisions such as project selection, financing and investment, and layout and site selection of new infrastructure should be made in view of the unbalanced and insufficient problems in the above-mentioned aspects of regional development, industrial development and green development. this means that "new infrastructure" is not only a short-term economic growth issue this year, but also a major issue of the "14th five-year plan" and china's comprehensive construction of a modern socialist power.
new infrastructure should be the infrastructure for new urbanization, supporting high-quality urbanization strategy
along with the process of industrialization, urbanization will continue to advance, which is a universal law of modernization. with the deepening of china's new-type industrialization process, china has also begun to continuously promote new-type urbanization. in march 2014, the cpc central committee and the state council issued the national new-type urbanization plan (2014-2020), which clearly pointed out that focusing on comprehensively improving the quality of urbanization, we will follow a new path of urbanization with chinese characteristics that puts people first, synchronizes modernization, modernization, and modernization, optimizes layout, promotes ecological progress, and inherits cultural heritage. urban development requires a lot of inter-city and intra-city infrastructure, and urbanization requires a lot of infrastructure construction. new infrastructure should also meet the requirements of new urbanization. high-quality economic development requires the simultaneous development of the four modernizations, that is, the deep integration of new industrialization and information technology, while the new urbanization should interact with the new industrialization and coordinate urbanization with agricultural modernization. in a broader sense, the new infrastructure should be the infrastructure for the simultaneous development of the four modernizations. it should not only meet the requirements of the deep integration of the new industrialization and information technology, but also meet the requirements of the positive interaction between urbanization and industrialization and the coordination of agricultural modernization.
in particular, the requirements of the new type of urbanization can be embodied in construction of wisdom city, green city, forest city, sponge city, cultural city and livable city, and a series of types of the requirements of the modern city, also in urban agglomeration, metropolis circle construction requirements, these requirements is also the goal of high quality strategy of urbanization, "new infrastructure" is to build infrastructure that meets the requirements of modern cities, urban agglomerations and metropolitan areas. to support the strategy of high-quality urbanization, the "new infrastructure" will lay out new informationized, intelligent and green urban infrastructure, such as the new generation of intelligent information networks, including f5g (gigabit fiber optic broadband), 5g, the internet of things, cloud computing, edge computing and new internet switching centers. on the other hand, it integrates the new generation of information technology and green technology with the traditional urban infrastructure such as transportation, energy and water conservancy, municipal administration, environmental protection and public health, and builds the new infrastructure formed by the digitalization, networking, intelligent and green upgrading of the traditional urban infrastructure. for example, through the deep integration of information technology and traditional infrastructure, the industrial internet of things, the internet of vehicles, the internet of things, urban perception facilities, intelligent municipal, etc. the strategy of high-quality urbanization includes not only the development of individual cities and towns, but also the development of urban agglomerations and metropolitan circles. the spatial structure of china's economic development is undergoing profound changes, and central cities and urban agglomerations are becoming the main spatial forms bearing development factors. the future urban agglomeration and urban infrastructure construction demand, both between city and city agglomeration in high speed, convenient and green, intelligent traffic infrastructure construction, also including the metropolitan circle in the cities and suburbs, traffic between central city and satellite cities, such as information infrastructure and all kinds of public facilities. in short, supporting the new urbanization strategy will be a major battlefield of "new infrastructure".
new infrastructure should be part of a modernized economy, and supply-side structural reform should be pursued
as china's economy shifts from high-speed growth to high-quality development, the corresponding economic system also needs to shift from traditional economic system to modern economic system. the construction of modern economic system is an inevitable requirement of high-quality development. modern economic system inevitably needs modern infrastructure, information, intelligence, green are the direction and requirements of modernization, therefore, new infrastructure is modern infrastructure, constitute the infrastructure of modern economic system. the key contradiction restricting the transition from the traditional economic system to the modern economic system lies in the low quality of the supply side. to build the modern economic system, we need to improve the quality of the supply of the economic system, eliminate ineffective supply and improve effective supply to better meet the demand, that is, we need to promote the supply-side structural reform. similarly, to build a modernized economic system, infrastructure innovation should be carried out through "new infrastructure", so as to improve the quality of infrastructure supply, promote the development of digital economy, smart economy and green economy, and further promote economic transformation and upgrading, so as to achieve the goal of supply-side structural reform.
but accelerating "new infrastructure" does not necessarily mean advancing supply-side structural reform. since 2015, supply-side structural reform has become the main line of china's economic work. supply-side structural reform aims to promote the adjustment of supply structure and improve the quality of supply by reforming institutions and mechanisms, so as to better meet demand and achieve steady and healthy economic development. the essential requirement of supply-side structural reform is to deepen market-oriented reform and improve the market economic system, and promote the adjustment of economic structure through a more perfect market system and mechanism, rather than using the government's hand to directly intervene in the supply structure and realize economic structural adjustment. new infrastructure that is to say, "if only" government investment, government investment in order to improve the quality of economic supply, although this could greatly boost investment, expanding domestic demand, produce direct from the demand side of the function of stimulating economic growth, but because there is no very good use of market mechanism, can not think "new construction" structural reform is deepening the supply side. the "new infrastructure" should adhere to the supply-side structural reform, which requires that the investment and project of "new infrastructure" should be more the result of respecting the law of the market and the effect of market mechanism, rather than the government's large-scale investment stimulus through selective industrial policies. "new infrastructure" adheres to supply-side structural reform, which is essentially a denial of the market's eagerness to stimulate the economy on a large scale through "new infrastructure". although infrastructure is generally public and requires a large amount of capital, which requires advanced planning and investment by the government, infrastructure construction must adhere to the principle of giving priority to and making full use of market mechanism in order to obtain long-term economic efficiency. in particular, new infrastructure is very different from traditional infrastructure. on the one hand, the market prospect is uncertain and the applicability of selective industrial policies is not high. on the other hand, this field has made great achievements in recent years under the promotion of market mechanism. therefore, "new infrastructure" needs government guidance, but not excessive direct involvement. especially in the context of the impact of covid-19, increasing pressure to achieve macroeconomic goals, and the enthusiasm of local governments for investment, it is necessary to keep a high level of awareness.
in a word, the central government's proposal to accelerate the "new infrastructure" should be more understood and understood from the perspective of promoting high-quality development of china's economy, and actively promote the "new infrastructure". we should not forget the main line of supply-side structural reform, and start from giving priority to and making full use of the market mechanism.
source: state-owned assets and administration commission of the state council