多方合力，让“投资于人”落到实处

Core Viewpoint - The article emphasizes the importance of combining investments in physical assets and human capital to promote overall investment and economic growth [2][4]. Group 1: Investment in Physical and Human Capital - Investment in physical assets includes infrastructure, housing, and machinery, which provide a solid material and technical foundation for economic development [2][4]. - Investment in human capital focuses on enhancing the capabilities and potential of individuals throughout their life cycle, including areas such as childcare, elderly care, health, education, and skills training [2][4][5]. - Current trends indicate that investment growth in physical assets is slowing, suggesting that the human capital investment sector presents significant opportunities for expansion [2][6]. Group 2: Direction of Investment - The "15th Five-Year Plan" suggests strengthening human resource development and increasing investment in social welfare sectors like elderly care, childcare, and healthcare to build a people-centered social security system [4][6]. - A combination of "hard investment" (infrastructure) and "soft construction" (knowledge and skills enhancement) is necessary to create a sustainable human capital dividend [5][6]. Group 3: Sources of Investment - Fiscal investment is a crucial source of funding, with the government allocating significant resources to healthcare, including 416.6 billion yuan for various medical insurance and support funds for 2026 [7]. - There is a need to encourage social capital investment in human capital, supported by favorable policies and a conducive environment for private sector involvement [7][8]. Group 4: Policy Implementation and Assurance - Effective implementation of human capital investment policies requires robust assessment mechanisms, including integrating human investment into statistical accounting [8]. - Local governments must adopt a long-term perspective on performance evaluation, moving away from the traditional focus on immediate returns from physical investments [8].