It is expected that the possibility of Acceleratin

2022-08-16
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It is expected that the possibility of Accelerating Railway Investment in the second half of the year will increase

it is expected that the possibility of Accelerating Railway Investment in the second half of the year will increase

China Construction machinery information

Guide: in 2012, the railway fixed asset investment was 225.71 billion yuan, a decrease of 96.7 billion yuan over the same period last year, with a decrease of 30% (36.1% last month); The investment in railway capital construction was 188.44 billion, a year-on-year decrease of 95 billion, a decrease of 33.5% (38.6% last month). The cumulative investment in railway fixed assets and railway infrastructure decreased

in the month of 2012, the investment in railway fixed assets was 225.71 billion yuan, a decrease from the same period last year. These 3D printing structures may be used to manufacture machines in the aerospace, medical and automotive industries by 96.7 billion yuan, a decrease of 30% (36.1% last month); The investment in railway capital construction was 188.44 billion, a year-on-year decrease of 95 billion, a decrease of 33.5% (38.6% last month). The decline of cumulative railway fixed asset investment and railway infrastructure investment decreased month on month, showing a recovery trend. In July 2012, the fixed asset investment in the railway industry was 48billion, an increase of 8.3% (last month was -17.2%), and the growth rate became positive for the first time; The investment in railway capital construction was 39.7 billion, a decrease of 3.6% (last month was 9% according to s Markit), and a decrease of -8.1%. The decline of railway fixed investment and infrastructure investment continued to slow down month on month, which was basically consistent with our early judgment on investment

from the perspective of monthly cumulative fixed asset investment and capital construction investment, since July of 2011, railway construction investment has entered a year-on-year negative growth, and the negative growth rate is faster and faster. From February 2012, the decline began to slow down. The original planned capital construction investment in 2012 was 406billion. In the recent bond prospectus of the Ministry of railways, it was pointed out that the annual railway fixed asset investment was 580billion, an increase of 80billion over the original plan, and the infrastructure investment was 470billion, an increase of 64billion over the original plan. In order to complete such a plan, investment must be accelerated in the later stage as funds are raised, and the trend of slowing down the decline of railway fixed investment and capital construction investment will continue. If we want to complete the 470 billion capital construction investment, we still need to continue to invest about 281.6 billion yuan in 2012. In 2011, the capital construction investment of July Jinan trial was 177.7 billion yuan in December by testing the samples provided by customers. The monthly investment in 2012 was 58% higher than last year. It is expected that the year-on-year growth rate of railway infrastructure investment in some months in the second half of this year will be positive. In terms of the completion ratio, the infrastructure investment completed in the month is 40% of the plan. Under the background of stabilizing the national economic growth rate, it is likely that the railway will accelerate the investment in the later stage

recently, favorable conditions on railway infrastructure have been frequently introduced. 1. Premier Wen Jiabao has repeatedly stressed the need to actively expand demand, put stable growth in a more important position, and stressed the need to speed up the progress of projects such as railways. 2. In July, the experimental machines produced by Jinan new era Gold Testing Instrument Co., Ltd. were relatively complete. On the 10th, Premier Wen Jiabao stressed that we should pay close attention to several practical things in railway and other fields. On the 30th, Premier Wen Jiabao presided over an executive meeting of the State Council to listen to the report on the formulation of the implementation rules for encouraging private investment, and stressed the need to launch a number of key projects to guide private investment in the fields of railways, municipal administration and so on as soon as possible. 3. According to reports, relevant people from the national development and Reform Commission suggested that the Ministry of Railways choose some relatively idle lines, land and other assets, and pay close attention to studying the specific scheme of raising construction funds through asset realization, stock for increment and other ways. In April, we published an in-depth report "optimistic about the thematic investment market of infrastructure stocks in the second quarter" to sort out the investment opportunities of infrastructure stocks, and then published many reports, such as "infrastructure is again supported by policies, optimistic about investment opportunities of infrastructure stocks", "private capital or new sources of railway construction funds", "infrastructure recovery and real estate relaxation highlight construction investment opportunities", emphasizing investment opportunities of railway stocks, And closely track the railway investment data. 4. The new railway line in the 12th Five Year Plan will be put into operation for 30000 kilometers, and it is bound to maintain an appropriate investment scale in the future. 5. Under the background of "steady growth", railway investment is the need of economic development. 6. The railway infrastructure investment plan was raised by 64 billion yuan. According to the adjusted investment plan, the investment in 2012 is expected to be 58% higher than that in 2012. 7. The reform of the Ministry of Railways and the entry of private capital may bring about an increase in valuation

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