Zhongtai Securities Yang Chang commented this year’s government work report: Infrastructure is still the focus

Zhongtai Securities Yang Chang commented this year’s government work report: Infrastructure is still the focus
Relevant statements in the government work report: (1) This year ‘s deficit rate is planned to be 3.With a plan of more than 6%, the scale of the fiscal deficit increased by 1 trillion compared with last year, and at the same time, 1 trillion special anti-epidemic bonds were issued.(2) Newly started reconstruction of old urban communities.90,000, supporting the installation of elevators, developing integration, cleaning and other diverse community services.(3) Strengthen the construction of new infrastructure, develop new information networks, expand 5G applications, build charging piles, promote new energy vehicles, stimulate new consumer demand, and help industrial upgrading.(4) It is planned to arrange special bonds for local governments3.75 trillion.Zhongtai Securities Yang Chang said: “We believe that domestic demand includes investment and consumption. The focus of investment is still infrastructure investment. The manufacturing industry is under pressure from downstream demand. It is difficult to repair in the short term. It is difficult for real estate development investment to rebound significantly. Infrastructure investmentIs still the focus of force.Yang Chang said that the future infrastructure will continue to continue the previous direction, especially in the field of infrastructure construction in the medical and health field, the construction of new infrastructure is worthy of attention.Editor Yue Caizhou