The abundant social funds brought by infrastructure construction will indirectly benefit the automobile market. How is this "new infrastructure" different from the mighty "old infrastructure" ten years ago?

Text/Autobots Scroll

The word "infrastructure maniac" is not called for nothing.

COVID-19 is raging all over the world. Apart from health, people are most worried about the economic downturn. You are worried about me, but the government is more worried about the economy than anyone else.

No, the global "big irrigation" (interest rate reduction cycle) is coming again.

Across the ocean, the Federal Reserve cut interest rates by 50 basis points. "Emergency" is a measure taken by the Federal Reserve specifically because of the epidemic, and the three major US stock indexes stopped falling and fluctuated greatly. Goldman Sachs surprisingly said that the Fed would cut interest rates twice at the end of April. This is obviously to "release water" to protect US stocks.

Not only the United States, but also the Australian central bank announced a 25 basis point interest rate cut on March 3, and the benchmark interest rate fell to the lowest level in history. Subsequently, the Bank of Malaysia announced that it would cut interest rates by 25 basis points to 2.50%.

The global interest rate cut is like a tornado. Since both Japan and Europe have negative interest rates, the interest rate cuts of countries with positive interest rates have put great pressure on them. After all, their operating space is very small. Will the Bank of China follow suit? This is also a global concern. However, in the face of economic downturn, we have our own "trick" in finance, that is "Iron Gong Ji".

"New infrastructure", an "iron Gong Ji" endowed with new meanings, has detonated the financial market. Under the premise of favorable policies issued by many ministries, Fujian, Yunnan, Henan, Sichuan, Chongqing, Shaanxi, Hebei and other provinces and cities have successively issued investment plans for key projects. The total investment just heard is amazing 1 1 trillion, which was called 25 trillion at that time, and now it is 34 trillion. Of course, this is the total investment, not the investment in 2020. But what is the concept of this number? This is far beyond Wang's understanding.

As we all know, large-scale investment in infrastructure has always been a common means to hedge the decline of economic growth in China, and it has been tried and tested. This time, affected by the virus, the country concentrated on prevention and control of epidemic prevention, and the economy almost stagnated: the manufacturing PMI fell to 35.7 in February; In the first 23 days of February, the growth rates of passenger car wholesale and retail were -93% and -89% respectively. In February, China sold 39,000 heavy trucks, down 50% year-on-year and 67% quarter-on-quarter.

Is the economy finished? As I said before, the country is more anxious than you. I still remember 1 1 years ago, China launched 4 trillion infrastructure to hedge against the global financial tsunami. Today, 4 trillion yuan is just a fraction.

In fact, "new infrastructure" is not a new concept. At the Central Economic Work Conference held at the end of 20 18, the positioning of "new infrastructure" such as 5G, artificial intelligence, industrial Internet and Internet of Things was clarified. Subsequently, strengthening the "new generation information infrastructure construction" was written into the 20 19 government work report. At the beginning of 2020, the executive meeting of the State Council clearly proposed to vigorously develop advanced manufacturing industry and introduce new infrastructure investment support policies such as information network.

On March 4th, China held a meeting in Standing Committee of the Political Bureau of the Communist Party of China Central Committee, pointing out that it is necessary to increase investment in public health services and emergency supplies, speed up the construction of new infrastructure such as 5G networks and data centers, and pay attention to mobilizing the enthusiasm of private investment.

The scope of "new infrastructure" is very extensive, and it is constantly endowed with new connotations. But the first is infrastructure, which has been granted more cutting-edge technical infrastructure. Since it is infrastructure, steel bars, cement, railways, highways, airports, bridges and ports can't run away. Worried real estate was once again publicly named by the central bank, the Ministry of Finance and the China Insurance Regulatory Commission, insisting on the positioning that "houses are used for living, not for speculation", not taking real estate as a means of short-term economic stimulus, but also emphasizing the continuity, consistency and stability of real estate finance.

Commercial vehicles have always been crazy about infrastructure construction. Some institutions said that the willingness to buy heavy trucks in the market was high in February, and the potential demand for heavy trucks was still large. After the outbreak, the sales of heavy trucks will rebound. After February, the heavy truck market basically did not refund the deposit, indicating that most customers will still buy cars. Commercial vehicle dealers are generally optimistic about the market demand after the epidemic and think that there will be a wave of sales climax. It is predicted that the annual trend will be that the sales volume of heavy trucks in 2020 will be basically the same as that in 20 19.

In addition, another "new infrastructure" project with high certainty is the vehicle-road coordination equipment needed for intelligent driving. On February 24th, the National Development and Reform Commission and other 1 1 ministries jointly issued the "Innovative Development Strategy for Smart Cars", which mentioned that before 2025, the construction of intelligent transportation systems and related facilities in smart cities has made positive progress, and the new generation of in-vehicle wireless network communication (5G-V2X) will be gradually applied in some urban expressways.

It is foreseeable that the intelligent road infrastructure is expected to usher in rapid growth. New technology applications such as 5G-V2X, autonomous driving, cloud computing, high-precision maps and sensor networks will all board the "giant aircraft carrier" of "new infrastructure" and ride the wind and waves.

In addition to the development of commercial vehicles and intelligent driving technology, looking back, in 2009 and 20 10, the growth rate of automobile sales in China reached 46. 1% and 32.4% respectively, which was the first and fourth since the statistics of China Automobile Association were made in 2000/kloc-0, and it was also the fastest two years in history. Abundant social funds brought by large-scale infrastructure construction indirectly benefit the automobile market. How is this "new infrastructure" different from the mighty "old infrastructure" ten years ago? Or has history started all over again? It's hard to say now, but what is certain is that 2020 is destined to be extraordinary. (Text/"Autobots" scrolling, part of the picture source network) Copyright statement This article is an exclusive original manuscript of Autobots, and the copyright belongs to Autobots.

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.