坚持投资于物和投资于人紧密结合——论贯彻落实中央经济工作会议精神
Jing Ji Ri Bao·2025-12-18 03:02

Group 1 - The central economic work conference emphasizes the need to combine investment in physical assets and human capital, which is crucial for enhancing development momentum and expanding domestic demand [1] - China's economic growth model is undergoing a significant transformation, moving away from reliance on investment-driven growth, which is becoming unsustainable due to diminishing returns [1] - There is a global trend shifting from "capital-intensive" to "talent-intensive" industries, necessitating increased investment in human capital to drive innovation and demand [1] Group 2 - Investment in physical assets has historically led to effective accumulation of material capital, enhancing production capacity and social productivity, which in turn has driven economic growth [2] - There remains substantial potential for future investment in physical assets, particularly in key industries where investment is still insufficient and quality needs improvement [2] - The combination of investment in physical and human capital is essential for economic development, as material capital provides platforms for human capital to realize its value, while human capital enhances the effectiveness of material capital [3] Group 3 - The strategy involves expanding effective investment in the real economy and technological innovation, focusing on key technology gaps and optimizing existing assets [3] - There is a need to improve public services and increase government investment in areas such as education, healthcare, and vocational training to support human capital development [3] - The approach aims to ensure that investments in physical and human capital are mutually reinforcing, promoting a balanced accumulation of both types of capital [3]