Hello everyone, I am the special investment expert of Cainiao Financial Management: Captain. New infrastructure is undoubtedly the hottest thing in the market now.

Since March, seven public funds have reported index funds related to “new infrastructure”.

Not long ago, China Securities Index Company also revised the compilation plan of infrastructure-related indexes, and the two infrastructure indexes became "new infrastructure" indexes.

Now that the concept of "new infrastructure" has become popular, how can we get a share of it? The first official mention of "new infrastructure" was at the Central Economic Work Conference in 2018.

Since this year, officials have emphasized this many times. There are deployments from above and actions from below.

According to statistics, among the special bonds issued by local governments, the proportion of investment in new infrastructure has increased from 0.6% in 2019 to 3.9% in January 2020 and 14.8% in February.

Many provinces have recently released a list of investment plans for key projects in 2020. The announced investment amount has so far exceeded 30 trillion yuan, including many new infrastructure projects.

Seeing this, you may be wondering, why is the word "new" added in front of infrastructure?

In the past few years, the entire society has been discussing the issue of "GDP guarantee 6".

Because my country's annual GDP growth rate has experienced a 10-year period of rapid growth since 1998, but has gradually declined since 2010, from 10.64% in 2010 to 6.91% in 2015.

Since then, it has entered the 6th era, and the growth rate every year since then has been between 6% and 7%.

It is obvious that our country's economy has been facing downward pressure in recent years, which shows that it is no longer feasible to rely on the old methods and old roads to grow the economy.

This is normal. Any country will experience a period of slowdown in economic growth after rapid growth.

But unlike other developed countries, our country still has a lot of room for improvement. It can also stimulate the economy to continue to rise through a series of reforms and innovations. To put it professionally, it is to bring new momentum to the economy for growth, transformation, and upgrading.

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New infrastructure is one of the thrust points, and can even be said to be the main thrust point.

However, since new infrastructure is not a new concept, why has it suddenly become popular recently?

Many vegetable friends may have thought that it is not because of the impact of the new coronavirus epidemic on the economy.

While we were already facing downward pressure on the economy, the emergence of the epidemic has added more pressure to the domestic economy. At the same time, we have to face the uncertainty risks brought by the overseas epidemic that has not yet reached a clear turning point.

This undoubtedly strengthens the urgency of "countercyclical adjustment through new infrastructure and other methods". It is also an inevitable product in the context of the era of "major changes unseen in a century."

Above, we discussed “why”.

To understand more thoroughly, you have to ask "what".

First, let’s talk about what is infrastructure?

To simply understand, infrastructure is a series of infrastructure construction that serves the national economy and life, such as the construction of roads, railways, tracks, bridges, various industrial buildings and other projects.

Only with these infrastructures can the social economy have a foundation for sustainable development.

In the past, infrastructure investment has indeed been driving domestic economic growth.

For example, at the end of the last century, in response to the Asian financial crisis, my country carried out large-scale construction of major infrastructure such as railways, highways, airports, and water conservancy, commonly known as "railroad infrastructure."

This promotion will play a certain role in leveraging the advantages of the labor force, improving the efficiency of economic operations, and thus promoting economic development.

In the “Four Trillion Plan” launched in 2008, funds were mainly invested in the “Iron Public Foundation”.

Subsequently, the GDP growth rate also rebounded significantly, with the data in 2008 being 9.65% and the data in 2010 being 10.64%.