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At the end of last year, the government launched a 4 trillion economic stimulus plan, of which 1.18 trillion was invested by the central government within two years. The National Development and Reform Commission has issued the first two batches of central government investment of 104 billion yuan and 130 billion yuan respectively. The amount of this investment has been significantly reduced, which is also lower than expected.
The above-mentioned National Development and Reform Commission said that the 1.18 trillion investment plan is very large and is issued in batches. The third batch of investment plans is 70 billion yuan. There is no sharp decline in central investment. The reduction in the amount of investment is based on the fact that some projects are still underdeveloped. At present, the National Development and Reform Commission has reviewed the locally reported projects.
Regarding the reduction in the amount of investment, Fan Caiyue, deputy director of the Economic Research Office of the Macro-Institute of the National Development and Reform Commission, believes that “the third batch of central investment flows are still mainly in infrastructure, people's livelihood and post-disaster reconstruction, but infrastructure may still dominate, which will cause people to worry. If the investment is too fast, it may lead to overcapacity. The government's investment may be adjusted according to the economic operation. The most important thing is to implement the first two investments and see how the investment works."
The National Development and Reform Commission issued another 70 billion central investment, saying that the investment has not been sharply reduced.
The Shaanxi Provincial Development and Reform Commission disclosed on the website on the 24th that the National Development and Reform Commission has begun to issue the third batch of 70 billion yuan of central investment. So far, the third batch of central investment amounts have been officially confirmed for the first time. On the 28th, the relevant person in charge of the National Development and Reform Commission also confirmed the news.