中央经济工作会议目标任务解读丨推动投资止跌回稳

Group 1 - The central economic work conference emphasizes the need to stabilize investment and increase the scale of central budget investment, optimize the implementation of "two heavy" projects, and enhance the role of new policy financial tools to stimulate private investment [1][2][3] - In 2025, fixed asset investment faced downward pressure, with a year-on-year decline of 2.6% in the first eleven months, attributed to local government debt pressures and long-term economic development changes [2][3] - The government aims to expand effective investment by addressing supply-demand cycles and financing issues, recognizing the challenges posed by a changing internal and external environment [2][3] Group 2 - A total of approximately 295 billion yuan has been allocated for the early batch of "two heavy" construction projects and central budget investment plans, with 500 billion yuan in new policy financial tools already deployed to support over 2,300 projects [4] - The focus on major infrastructure and industrial upgrades is expected to stabilize investment, with a projected recovery in infrastructure investment and a potential rebound in manufacturing investment as market expectations improve [4][5] - The government plans to optimize investment structures by integrating "hard investment" and "soft construction," emphasizing high-quality projects in new energy, major water conservancy projects, and significant technological infrastructure [5][6] Group 3 - Private investment is identified as a crucial driver for overall investment growth, but it has faced challenges such as declining confidence and market barriers since 2025 [6][7] - The government is committed to implementing effective measures to address the difficulties faced by private investment, including enhancing market conditions for fair competition and increasing the share of private investment [6][7] - Recent policies aim to promote private investment through expanded access, addressing bottlenecks, and supporting public-private partnerships (PPP) in major projects [7]