On July 30, the Political Bureau of the CPC Central Committee held a meeting to release a number of heavy signals. The meeting proposed to stabilize manufacturing investment, implement the renovation of urban old residential areas, urban parking lots, urban and rural cold chain logistics facilities, and other short-board projects, and accelerate the construction of new infrastructure such as information networks. The “city parking lot” was mentioned as the important content of “new infrastructure” for the first time.
With the setting of the Politburo meeting, the construction of urban parking lots with smart parking as the main direction will become a new fulcrum of promising consumer investment, and the problem of “difficult parking” that has long plagued the people will also be in full swing in this round. The "new infrastructure" was gradually solved.
Spend money on the blade
As we all know, investment is one of the “troikas” that drive economic growth. As the Chinese economy has shifted from a high-speed growth phase to a high-quality development phase, the ideas and methods of spending money have also changed.
Many of China's investments in the past few decades have been used in the construction of traditional infrastructure known as the “Tiegongji”, including railways, highways, airports, ports, and water conservancy facilities. These investments have played an important role in the development of China's economy. The slogan "To be rich, to build roads" that was resounding throughout the country was a reflection of this role.
However, after the expedition of more than 20 years of rapid growth, China's traditional infrastructure has gradually become saturated, and its economic pull has also seen a “marginal utility diminishing”, while local government debt risk has also begun to increase. Under the new situation, how to spend the money well and let "good steel be used in the blade" has become the focus of everyone's attention.
To this end, the central prescription for the right medicine, prescribed two prescriptions: fill short board and new infrastructure.
As early as September 2018, the National Development and Reform Commission held a special press conference, stating that it would "ensure that limited funds will be invested in areas that can increase effective supply and fill shortcomings in development, and promote high-quality development." Ma Qiang, deputy director of the Basic Department of the National Development and Reform Commission, said that there are still many short-term weaknesses in China's transportation infrastructure, and there is a large space for development, which is a key area for promoting effective investment.
At the Central Economic Work Conference held at the end of the year, the concept of “new infrastructure” was also proposed for the first time. The meeting pointed out that it is necessary to "play the key role of investment... strengthen the construction of new infrastructure such as artificial intelligence, industrial Internet, and Internet of Things, increase investment in inter-city transportation, logistics, and municipal infrastructure, and supplement rural infrastructure and public service facilities. Short board".
From this point of view, the "named" city parking lot of the Politburo meeting on July 30 this year is the refinement and improvement of the previous "filling the short board + new infrastructure" ideas. As Pan Jiaofeng, dean of the Science and Technology Strategy Consulting Institute of the Chinese Academy of Sciences, said: "Investing in new infrastructure will not only complement the infrastructure shortcomings in the traditional sense, but also lay a solid foundation for long-term development."
In the future, solving the problem of urban parking will be inseparable from the new infrastructure such as big data and Internet of Things. In this sense, the construction of urban parking lots is at the intersection of the short-board project and the new infrastructure project.
Terascale market to be excavated
The construction of urban parking lots not only promotes effective investment, but also has the potential to become a new fulcrum for consumption.
How big is the market for city parking lots? According to the “White Paper on Parking Industry Development” issued by Beijing Tsinghua Tongheng Planning and Design Institute and China Urban Public Transportation Association, China’s parking consumption in 2016 alone has reached 400 billion yuan.
Behind the abstract data is a real demand gap. According to data from the Traffic Management Bureau of the Ministry of Public Security of China, as of June 2019, the number of cars in China has reached 250 million; there are 66 cities with more than 1 million cars, and more than 5 million cars in Beijing and Chengdu. Correspondingly, the average ratio of urban cars and parking spaces in China is about 1..0.8, which is much lower than that in developed countries.
However, the growth rate of parking spaces is difficult to keep up with the growth rate of the car. To solve the problem of parking difficulties, we must work hard to improve the utilization of parking spaces. According to the ETCP Smart Parking Industry Research Institute, the vacancy rate of parking berths in Beishang-Guangzhou-Shenzhen parking area reached 44.6%, while the utilization rate of parking spaces in over 90% of the national cities was less than 50%. The report also pointed out that when the parking space usage rate is increased to 80%, such as Shanghai and Chongqing, the parking space supply will be greater than the parking space demand.
On the one hand, it is “difficult to park”, while on the other hand, it is “no car stop.” This is because the parking space is not smooth and the parking space usage rate is low. Driven by demand, a number of smart parking companies have emerged in the market. Among them, the leader, Jieshun, “Stop Simple” and Ketuo have also been invested by the two giants of Ali and Tencent. With the dual help of policy and capital, the parking industry may be ushered in a holistic change.
According to industry insiders, compared with developed countries, China's parking market still has a lot of room for expansion. The market size of parking lots in developed countries basically accounts for nearly 1% of GDP. If this is calculated, China may contain trillions. The market of the level is to be tapped.
Directly hit the people's livelihood, "difficult parking"
Xiao Chen, who works as a night shift editor in a media in Beijing, has a feeling of "painful and worrying" about the "difficult parking" problem.
Xiao Chen told reporters that his home was built before 2000 and there is no underground garage. The cars of more than 200 households in the whole community are placed on the ground inside the community. Since the number of parking spaces is less than the number of households, it is forbidden for the residents to install the ground locks. All the parking spaces are for public use.
"This is actually a good policy, so the parking space utilization rate of the community is very high. During the day, everyone can basically turn around and turn around. But when I get home from work in the early morning, the situation will change." Xiao Chen said with a smile, the community was full during that time. The car, and even some fire exits, stopped the car. "The driver also wrote 'I am sorry, there is no place' on the temporary parking card." According to Xiao Chen's recollection, once he turned around in the community for three laps to find a parking space, it took him 40 minutes to finally stop in a gap.
Xiao Chen’s night shift work may not be common, but Xiao Chen’s appeal is very representative. "Beside our community is a commercial building. There are more than 200 parking spaces in the underground garage. It is empty at night, but it is not allowed. Why can't this part of the parking space be opened at night? Even if you pay for it. Xiao Chen said.
In fact, Xiao Chen’s call for this business has been done by smart parking companies on the market. For example, “Jet Parking” has launched the “Free Time Month Card” function, which can guide the owner to stop at a commercial center with sufficient parking space in the vicinity when the parking space in the community is full. However, industry insiders told reporters that due to the complex ownership of parking infrastructure, their respective interests, difficulties in coordination of interests, and the lack of a unified information network, the promotion of this model also faces many difficulties.
Now, after the construction of the “named” city parking lot of the Politburo, it is believed that various localities will successively introduce corresponding policies. In coordinating the interests of all parties and breaking the “information island”, the role that the government can play can be played to solve problems that some enterprises cannot solve. The problem is to crack the "difficult parking" as a pain point for people's livelihood. (Reporter Han Weizheng)