持续增强民间投资信心和活力

Core Viewpoint - The Chinese government emphasizes the importance of stimulating private investment to enhance effective investment and contribute to high-quality economic development [1] Group 1: Importance of Private Investment - Private investment has become a crucial force supporting economic development in China, growing from less than 15% of total investment in 1980 to over 50% in recent years [1][2] - Since the 18th National Congress, private investment has shown a high growth trend, playing a significant role in stabilizing the economy [1][2] Group 2: Characteristics and Trends of Private Investment - Private investment is characterized by flexibility, high risk tolerance, and strong innovation awareness, particularly in strategic emerging industries [2][4] - In the first 11 months of 2025, private investment in the automotive manufacturing sector grew by 18.8%, indicating a shift towards high-growth sectors like new energy vehicles and artificial intelligence [2][4] Group 3: Role in Employment and Social Development - Private investment is vital for job creation, accounting for over 80% of urban employment in China, and has significantly contributed to improving living standards [5] - In the first 11 months of 2025, private investment in public management and social security sectors increased by 31.9%, highlighting its role in meeting the growing needs of the population [5] Group 4: Challenges and Opportunities - The real estate sector, a significant area for private investment, has faced negative growth, with a 15.9% decline in investment in the first 11 months of 2025 [6] - Despite challenges, there is substantial potential for private investment in infrastructure, manufacturing, and high-tech industries, supported by favorable government policies [7][10] Group 5: Policy Support and Market Access - The Chinese government has implemented measures to enhance market access for private investment, reducing the negative list from 328 to 106 items since 2016 [10][13] - In 2025, private investment accounted for 21.8% of total infrastructure investment, reflecting increased participation in major projects [11][13] Group 6: Enhancing Confidence and Vitality - To boost private investment, the government aims to address barriers in competitive sectors and optimize the investment environment [14][15] - Continuous improvement of market access and legal protections for private investment is essential for fostering a stable investment climate [18][19]