China's NDRC Unveils Three Measures to Stabilize Investment, Including 800 Billion Yuan Policy Tools

National Development and Reform Commission Deputy Director Yang Te said in a public interview that investment is a key force in optimizing the economic structure. The next step will be to stimulate the endogenous momentum of investment with greater intensity, adhere to the close integration of investment in physical assets and investment in people, and promote the stabilization and structural optimization of investment from three aspects to support the sustained recovery and improvement of the economy.

First, accelerate the full deployment of various types of government investment. Coordinate the construction of the "two major projects" (national major strategic projects and key safety capacity projects), seize the peak construction season in the third quarter, accelerate the use of 800 billion yuan in new policy-based financial tools, and speed up the issuance and use of special bonds to form physical workload as soon as possible.

Second, accelerate the start of construction of major projects where conditions are ripe. Solidly advance the 109 major projects proposed in the 15th Five-Year Plan outline, and do a good job in project planning, reserve, and factor guarantees. Coordinately promote the planning and construction of the "six networks" — including water networks, new power grids, computing power networks, next-generation communication networks, urban underground pipeline networks, and logistics networks — as well as five major infrastructure and public service facilities: comprehensive three-dimensional transportation facilities, low-altitude economy, "artificial intelligence+", consumption, and education and healthcare.

Third, continue to stimulate the vitality of private investment. Leverage the role of special funds for fiscal-financial coordination to boost domestic demand, accelerate the implementation of interest subsidy policies, and support the expansion of private investment. Improve the long-term mechanism for private enterprises to participate in the construction of national major projects, make good use of special guarantee policy tools for private investment, promote the expansion and efficiency of real estate investment trust funds in the infrastructure sector, and guide private enterprises to orderly participate in the construction of the "six networks" and the five key areas of facilities. The dual empowerment of investment in physical assets and investment in people will optimize the future supply structure and enhance the endogenous momentum of economic development.