金观平：城市基础设施建设要量力而行

Core Viewpoint - The recent Central Urban Work Conference emphasizes the importance of establishing a modern people's city through correct performance views and practical approaches, highlighting five key transformations in urban development [1]. Group 1: Infrastructure Development - Urban infrastructure is crucial for the normal operation and healthy development of cities, significantly improving living conditions, enhancing comprehensive urban capacity, and increasing operational efficiency [1]. - In recent years, China's urban infrastructure construction has accelerated and improved in quality, leading to a significant enhancement in overall standards and increased public satisfaction [1]. - Infrastructure projects require substantial investment, long construction periods, and slow capital recovery, necessitating careful planning to avoid unsustainable public debt [1]. Group 2: Financial Management and Project Viability - There are negative examples of local governments neglecting financial realities and pursuing impractical projects, leading to underutilized facilities and wasted funds [2]. - The financial constraints faced by local governments indicate that excessive spending on superficial projects can detract from essential economic and social development funding [2]. - Future trends suggest ongoing fiscal imbalances, with revenue growth lagging behind expenditure increases, highlighting the need for a focus on outcomes rather than just inputs in infrastructure projects [2]. Group 3: Development Philosophy - Urban infrastructure construction reflects the development and performance views of local governments, necessitating a balanced approach that avoids impulsive actions and prioritizes sustainable development [3]. - The emphasis is on maintaining a long-term perspective in urban planning, ensuring that projects align with urban development principles and high-quality growth requirements [3].