“盘”清搞“活”，畅通经济循环（记者手记）

Core Viewpoint - Revitalizing dormant assets through the activation of existing stock is essential for promoting efficient resource utilization and is a key measure for facilitating the circulation of the national economy, which will provide stronger support for the qualitative and quantitative growth of the Chinese economy [1][2][3]. Group 1: Importance of Revitalizing Existing Stock - The activation of existing stock is beneficial as it addresses the underutilization of significant existing assets in infrastructure and other sectors, such as idle factories, buildings, logistics warehouses, and cultural venues [1]. - Revitalizing existing stock can help alleviate supply bottlenecks in production factors, mitigate local government debt risks, and create more space for industrial upgrades [1][2]. Group 2: Challenges in Revitalizing Existing Stock - Revitalizing existing resources is complex due to the wide range of asset types and the involvement of inefficient and idle resources, which often relate to poorly performing entities and complicated ownership issues [2]. - Successful handling of these challenges requires coordination among various departments, such as economic development zones and natural resources, as well as active cooperation from the involved enterprises [2]. Group 3: Strategies for Activation - The starting point for revitalizing existing stock is to thoroughly understand the types, scale, and ownership of these resources, which can be achieved through systematic categorization and resource mapping [2][3]. - Market-oriented approaches are crucial for unlocking the potential value of idle assets, such as upgrading old factories and utilizing public REITs to convert industrial park assets into more liquid financial assets [3]. - Various methods exist for revitalizing existing stock, including standardized property transactions, mergers and acquisitions, and market-oriented debt-to-equity swaps, emphasizing the need for tailored strategies based on local conditions [3].