着力拓展投资增长空间，确保稳增长

Core Viewpoint - The National Development and Reform Commission emphasizes the importance of effective investment during the 14th Five-Year Plan period, focusing on expanding domestic demand and enhancing government investment to stimulate private investment and reform investment mechanisms [1][2]. Group 1: Investment Strategy - The central economic work conference identifies stabilizing investment as a key task for the upcoming year, with a focus on reversing the decline in fixed asset investment, which has decreased by 2.6% year-on-year from January to November [1][2]. - The government aims to combine investment in physical assets and human capital, enhancing infrastructure and public services while addressing the needs of new urbanization and rural revitalization [2][3]. Group 2: Funding Sources - The central economic work conference proposes a more proactive fiscal policy, including increasing central budget investment and optimizing the use of local government special bonds to enhance funding sources for investment [2][3]. - New policy financial tools are highlighted as crucial for stabilizing investment, indicating a shift towards early implementation of these tools [2]. Group 3: Project Implementation - The 15th Five-Year Plan will prioritize high-quality implementation of major national strategies and projects, focusing on infrastructure and public service development in response to demographic changes [3][4]. - The government aims to create a collaborative investment environment by enhancing the role of private enterprises in major project construction and increasing the proportion of private investment [3][4]. Group 4: Private Investment Activation - The State Council has issued measures to stimulate private investment, including 13 targeted initiatives to improve access, eliminate bottlenecks, and strengthen guarantees for private investors [4]. - The central economic work conference emphasizes the need to boost private sector confidence through improved regulations and timely payment of debts owed to enterprises, fostering a conducive environment for private investment [4].