The Way to Improve Capital Utilization in the New Development Stage——Causes of the Mismatch,Industry Performance,and Optimization Paths Between Investment Supply and Demand
Under the backdrop of the new era,the innovative development and precise application of traditional investment theory remain issues worthy of in-depth investigation.Evaluating investments from the perspective of capital utilization,especially focusing on the mismatch between capital supply and demand,and discussing the adjustments of existing fixed capital stock and the enhancement of incremental investments in the new development phase,are conducive to exploring an economically beneficial cyclical model initiated by effective investments.The capital utilization measurement results based on listed company data reveal:The manufacturing industry exhibits internal structural differences,chiefly characterized by overcapacity in low-end production.Across sectors,the capital utilization rate in the light industry has seen significant improvement,whereas in the high-value-added manufacturing sector,it has only risen slowly in recent years.The transportation,warehousing,and postal services sectors,significantly influenced by their specific industry characteristics,have long suffered from low capital utilization rates.In the public welfare sectors like"education","culture,sports,and entertainment",and"health and social work",capital utilization rates are high but have faced a notable decline due to the impact of the COVID-19 pandemic,necessitating proactive responses to the effects of the post-pandemic era and the challenges of digital development.In information transmission,software,and information technology services sectors,core to the digital economy's development,despite a gradual increase,the capital utilization rate has consistently been below the national average.Going forward,it's crucial to plan investments wisely,focusing on cultivating key technologies and core growth areas to prevent redundant construction.
capital investmentstock adjustmentincremental liftcapital utilization rate
NETL
NSTL
万方数据
