信号明确决心很大！国常会部署稳投资，这些领域谋划一批重大工程

Core Viewpoint - The State Council's recent meetings emphasize the need to stabilize and promote effective investment in 2026, focusing on innovative policy measures and significant projects in key sectors to support economic growth [1][2]. Investment Tools - The State Council has outlined several investment tools for 2026, including central budget investments, ultra-long-term special bonds, local government special bonds, and new policy financial instruments, with a focus on enhancing their effectiveness [2][3]. Investment Scale and Trends - In 2025, China's fixed asset investment was 48.5 trillion yuan, a decrease of 3.8% year-on-year. The government aims to reverse this trend in 2026, with expectations for more investment stabilization policies to be implemented [1][3]. Major Projects Planning - The State Council plans to initiate significant projects in infrastructure, urban renewal, public services, and emerging industries, aligning with long-term development needs and competitive advantages [1][7]. Role of State-Owned Enterprises and Private Investment - The government aims to leverage state-owned enterprises to expand investment and support private investment development, recognizing the importance of private sector confidence in driving overall investment [10][12]. Economic Growth Potential - Despite a decline in private investment by 6.4% in 2025, there remains substantial potential for growth in investment, particularly in infrastructure and technology sectors, as the government seeks to enhance the investment environment [12][8].