In the first seven months, what kind of economic recovery trend does social electricity consumption reflect? How about the overseas bond issuance of Chinese enterprises? What is the progress of the work of strengthening and weakness of urbanization in county? On August 17, the national development and Reform Commission held a press conference. According to the news at the meeting, at present, the national economy continues to recover steadily, and foreign capital's confidence in China's economy and Chinese enterprises is increasing.

The national economy continued to recover steadily.

In terms of power generation, in July, the power generation of industries above designated size increased by 1.9% year-on-year; from the perspective of power consumption, the electricity consumption of the whole country increased by 2.3% year-on-year. Among them, the electricity consumption of the first, third and residents increased by 11.6%, 5.3% and 13.8% respectively on a year-on-year basis; the electricity consumption of the second industry decreased by 0.7% year-on-year, mainly due to the decline in the growth rate of electricity consumption in high energy consuming industries such as electricity, building materials, steel and so on.

In the manufacturing industry, the power consumption of automobile manufacturing industry increased by 20.3% year-on-year, while that of furniture manufacturing industry, computer communication and other electronic equipment manufacturing industry, general equipment manufacturing industry, electrical machinery and equipment manufacturing industry and food manufacturing industry increased by more than double-digit.

Since the beginning of August, the national daily power generation and unified power load have risen rapidly. On August 3, 10 and 11, the national daily power generation and unified power load have reached a record high. "Preliminary analysis shows that the national daily power generation and unified power load have reached new highs, which not only affects the rapid growth of air conditioning load caused by continuous high temperature, sunny and hot weather, but also reflects the continued stable recovery of the national economy." Meng Wei, spokesman for the national development and Reform Commission, said.

In terms of investment projects, in July, the national development and Reform Commission approved 11 fixed asset investment projects with a total investment of 38.2 billion yuan, mainly in transportation and high-tech fields. In addition, a number of projects such as relocation and intercity railway are progressing smoothly.

Up to now, about 35000 centralized resettlement areas and more than 2.66 million housing units have been built in China. During the 13th Five Year Plan period, the housing construction tasks and supporting facilities for the relocation of poverty alleviation projects have been completed, and the poverty-stricken relocated people have basically moved in. Recently, the national development and Reform Commission has approved the construction plan of inter city railway in Guangdong, Hong Kong and Macao. According to the plan, 13 intercity railway projects and 5 hub projects will be implemented in the near future, with a total mileage of 775 km and a total investment of 474.1 billion yuan, which will be completed within the investment cycle.

Improving quality and efficiency of overseas bond issuance by Chinese Enterprises.

6. In July, the scale of overseas bond issuance by Chinese enterprises rebounded significantly. How do you see the relevant trend since this year?

Meng Wei said that in the first half of the year, 164 Chinese enterprises issued 264 medium - and long-term bonds overseas, totaling US $103.31 billion. Although the total scale of overseas bond issuance was reduced year on year due to the turbulence in the international capital market, it showed the characteristics of "strong toughness, low cost, multiple types, and excellent structure", which played a more prominent role in serving the real economy and achieved quality and efficiency improvement.

In the first half of the year, China's main issuers involved 41 industries with a wide coverage and a relatively balanced distribution. Among them, the issuance of information technology enterprises increased by 10.9%, that of industrial enterprises increased by 24%, that of energy enterprises increased by more than 200%, and that of financial institutions decreased slightly, but the issuance scale was more stable and the overall cost control was more prudent. It is understood that the raised funds are mainly used to support the development of the real economy. The issuance of real estate and urban investment enterprises decreased year on year, and the regulatory effect continued to show. While meeting the reasonable capital demand of enterprises, the scale of foreign debt was reasonably grasped.

"The fundamental reason for the recovery of foreign debt issuance scale in June and July is that China has made significant strategic achievements in epidemic prevention and control, the resumption of work and production has been improved month by month, the economic order has been restored in an orderly manner, and the confidence of foreign capital in China's economy and Chinese enterprises is increasing." Meng Wei said.

In addition, Meng Wei pointed out that there are three direct reasons: first, the major developed countries continue to quantitative easing, the rapid release of US dollar liquidity, and the accelerated return of overseas funds to emerging markets. Second, investors' risk aversion was further restored. The overall buying interest in the overseas Chinese bond market was relatively strong, and the secondary market was active, which led to an increase in the issuance scale of the primary market. Third, affected by the epidemic situation, many Chinese issuers postponed the issuance plan, grasped the good market window in the near future and completed the issuance in a centralized manner.

Not long ago, the notice on speeding up the work of strengthening and weakening the county's urbanization was issued. Recently, a series of supporting documents, such as the county's industrial platform, the county's intelligent transformation, circulation facilities, public parking lots and highway passenger stations, etc., were successively launched Since the beginning of this year, the county town urbanization has played a combination of strengths and weaknesses, which has become a major focus of investment and consumption."County is an important space for China to promote industrialization and urbanization, an important part of the urban system, and a key link for the integrated development of urban and rural areas." Meng Wei said that speeding up the urbanization of county towns to make up for the weak points and weak points is conducive to expanding investment, promoting consumption and promoting the implementation of the strategy of expanding domestic demand in the short term; in the long run, it is

conducive to optimizing the spatial pattern of urbanization, promoting the integrated development of urban and rural areas, and enhancing the sense of gain of the people.It is understood that according to the principle of solid development foundation, strong financial strength and low government bond issuance rate, 120 counties and county-level cities have been selected to carry out the demonstration work of new urbanization construction in county towns. As of the end of July, more than 120 billion yuan has been invested through the central budget investment, enterprise bonds, development oriented policy finance and other channels.In the next step, the national development and Reform Commission will focus on the implementation of policies and projects, strictly guard against the hidden debt risk of local governments, the "flood flooding", the "half baked project", the "big demolition and construction", the "greedy pursuit of foreign affairs", and strengthen the supervision and supervision, so as to guide all regions to do their best to ensure that the investment is accurate and effective without any sequelae.