The first quarterly economic reports of various regions have been released recently. Among them, the growth of strategic emerging industries is strong, and many places including Shanghai, Anhui, and Shaanxi have achieved double-digit year-on-year growth. At the same time, a number of major projects are accelerating. The reporter noted that many places are stepping up plans for a new round of development goals and paths for strategic emerging industries, promoting the agglomeration and development of related industries, increasing medium and long-term financial support such as credit, insurance, and industry guidance funds, and further promoting social capital investment, and promoting related industries. The industry started a new round of rapid growth.

Strategic emerging industries are becoming an important engine for economic growth, and the recent "Quarterly Reports" published by many places can confirm their strong growth momentum. In the first quarter of Shaanxi, strategic emerging industries grew by 21.3% year-on-year, and the two-year average growth rate was 11.4%. The total output value of Shanghai's industrial strategic emerging industries in the first quarter was 337.083 billion yuan, an increase of 34.3% over the same period in 2020, and an average increase of 13.8% over the two years. The output value of strategic emerging industries in Anhui increased by 52.2% in the first quarter, contributing 53.4% to the growth of all industrial output values.

Related major project investment is also in full swing

Wuxi has recently released a major industrial project investment plan for 2021, including 90 strategic emerging industrial projects, with a total investment increase of 16.9% over the previous year. Henan strives to complete an investment of 2 trillion yuan in major projects throughout the year and rapidly increase the scale of emerging industries.

Liu Xiangdong, deputy director of the Economic Research Department of the China Center for International Economic Exchanges, said that the rapid growth of strategic emerging industries since the first quarter shows that multiple parties have adopted more proactive macro policies in response to the epidemic, guiding overall investment positively and continuously expanding effective investment. At the same time, in the first year of the "14th Five-Year Plan", the important measures of local implementation of innovation-driven development strategy and continuous promotion of economic structure optimization will also be reflected in the construction of major projects in various regions.

During the "14th Five-Year Plan" period, all regions focused on seizing opportunities for future industrial development, cultivating leading and pillar industries, and promoting the integration, clustering, and ecological development of strategic emerging industries. The added value of strategic emerging industries accounted for more than GDP 17%.

In this context, many parties are intensively planning development goals and paths. The Ministry of Science and Technology, the National Development and Reform Commission and other departments recently issued the "Yangtze River Delta G60 Science and Technology Innovation Corridor Construction Plan", proposing that by 2022, the added value of strategic emerging industries will account for 15% of the regional GDP. At the local level, Shenzhen has proposed that the added value of strategic emerging industries will exceed 1.5 trillion yuan in the next five years; Dongguan has recently issued several measures to promote the high-quality development of strategic emerging industrial bases, and accelerate the planning and construction of strategic emerging industrial bases.

During the "14th Five-Year Plan" period, Anhui will implement the construction of strategic emerging industry clusters and vigorously develop ten emerging industries such as new energy vehicles and intelligent connected vehicles. Shanxi is stepping up the preparation of relevant plans to accelerate the development of strategic emerging industrial clusters such as big data and semiconductors.

In response to the characteristics of strategic emerging industries that have a long development cycle, strong technology, and require a large amount of capital investment as support, the central and local governments have also concentrated their efforts to increase financial support. The China Banking and Insurance Regulatory Commission has made it clear to continue to increase the initial loan, renewal, and credit loans of large and small micro enterprises, focusing on increasing independent and controllable medium and long-term credit support for advanced manufacturing, strategic emerging industries and industrial chain supply chains. The Anhui Banking and Insurance Regulatory Bureau clarified ten measures such as improving the security service system for science and technology enterprises and promoting the transfer and transformation of scientific and technological achievements, and comprehensively promoted the accelerated development of technological innovation and strategic emerging industries. According to data from the Shandong Provincial Department of Finance a few days ago, the provincial new and old kinetic energy conversion fund has invested in 6 industrial clusters such as smart manufacturing equipment and biomedicine in recent years. The fund invested 1.24 billion yuan, driving social capital of 6.07 billion yuan.

According to industry insiders, the current homogeneity of the layout of strategic emerging industries is relatively serious, leading to prominent problems in resources and construction. Liu Xiangdong said that local development of strategic emerging industries needs to be closely integrated with the comparative advantages of the region, and the strengths and weaknesses of the supply chain of the superior industrial chain should be forged and weakened, so as to attract the concentration of key elements and integrate into the regional industrial chain supply chain network. At the same time, it will give more prominence to the role of market leadership and market selection, and speed up the removal of "zombie enterprises" and "unfinished projects." Editor/Xu Shengpeng