国家发展改革委发文《着力扩大有效投资》：着力增强政府投资引导带动作用

Core Viewpoint - The National Development and Reform Commission emphasizes the importance of expanding effective investment as a key strategy for economic growth and development during the 14th Five-Year Plan period [1][3]. Group 1: Effective Investment Expansion - The article outlines four key focuses for expanding effective investment: increasing investment growth space, enhancing government investment guidance, stimulating private investment vitality, and deepening investment system reforms [1]. - Effective investment is defined as investments that yield high returns and contribute positively to economic growth, addressing issues of low-efficiency investments that waste resources [5][6]. Group 2: Investment Quality and Structure - The need to improve investment efficiency and precision is highlighted, with a focus on adapting to demographic changes and enhancing infrastructure and public services [5]. - The article stresses the importance of avoiding low-level repeated construction and ineffective projects, which can lead to wasted resources and potential debt risks for local governments and enterprises [5][6]. Group 3: Major Project Planning and Support - Emphasis is placed on strengthening the planning and feasibility studies of major projects, ensuring that local governments prioritize project preparation and resource allocation [7]. - The article advocates for optimizing the management of local government special bonds to support high-quality projects, including those focused on energy efficiency and environmental sustainability [7]. Group 4: Private Sector Involvement - The article calls for the establishment of long-term mechanisms to facilitate private enterprises' participation in major projects, particularly in sectors like railways and energy [8]. - It encourages the promotion of quality projects to private capital and supports private investment in public-private partnership (PPP) initiatives [8].