2950亿资金下达，更大力度稳投资

Core Viewpoint - The National Development and Reform Commission (NDRC) has announced a total investment plan of approximately 295 billion yuan for 2026, focusing on "two heavy" construction projects and central budget investments to stimulate effective investment and enhance infrastructure development [3][4]. Group 1: Investment Plans - The NDRC has organized a list of "two heavy" construction projects amounting to about 220 billion yuan, supporting 281 projects in areas such as urban underground pipeline networks, high-standard farmland, and logistics cost reduction [3][4]. - Over 75 billion yuan has been allocated for central budget investments, focusing on public sectors like urban renewal, water conservancy, ecological protection, and pollution control, supporting 673 projects [3][4]. Group 2: Infrastructure Development - Recent approvals for major infrastructure projects include the Guangzhou New Airport and various water resource and energy facilities, with a total investment exceeding 400 billion yuan, aimed at enhancing the modern infrastructure system [4]. - The central economic work conference emphasized the need to maintain domestic demand as the main driver and to stabilize investment, with plans to optimize project implementation and enhance the role of policy financial tools [4]. Group 3: Investment Trends - Fixed asset investment in China has seen a decline of 2.6% year-on-year for the first 11 months of 2025, attributed to factors such as real estate market adjustments and increased competition [5]. - Experts predict a moderate recovery in investment growth to 2% to 3% in 2026, driven by systematic policy measures aimed at optimizing projects and activating market participation [5].