每经记者｜周逸斐 每经编辑｜贾运可 据国家发展改革委官方微信公众号12月18日消息，国家发展改革委固定资产投资司发表文章《着力扩大有效投资》。文章在介绍"十五 五"时期扩大有效投资的总体思路和重点举措时，提到了四个"着力"——着力拓展投资增长空间，着力增强政府投资引导带动作用，着 力激发民间投资活力，着力深化投资体制机制改革。 国家发展改革委投资研究所研究员吴亚平接受《每日经济新闻》记者微信采访时表示，扩大有效投资是我国拓展投资空间、扩大内需 战略的工作重点，是全面构建新发展格局、推动高质量发展的重要抓手。既要着力于从需求侧合理扩大短期的投资总量，从而促进投 资稳定增长和经济稳定运行，又要着眼于从供给侧调整优化投资结构、增加有效产出，高质量高效率扩大供给，从而更好发挥投资对 优化供给结构的关键作用，推动经济质的有效提升和量的合理增长。 吴亚平进一步指出，低效无效投资看似短期扩大了国内需求，实则属于比较典型的投资损失或浪费，制约宏观投资效益乃至整个宏观 经济运行效率，还难免蕴含潜在的地方政府或企业债务风险。 每日经济新闻 《每日经济新闻》记者注意到，党的二十届四中全会通过的《中共中央关于制定国民经济和社会发展第 ...

Core Viewpoint - The forum emphasizes the need for unconventional measures to achieve a reasonable annual consumption growth target of 6% during the "14th Five-Year Plan" period, including substantial consumption subsidies and the transfer of state-owned equity to social security funds [2][3][4]. Group 1: Consumption Growth Strategies - The proposal includes issuing over 1 trillion yuan in consumption subsidies, which could significantly boost total demand and GDP growth by 2-3 percentage points [3][4]. - A transfer of 10 trillion yuan of state-owned equity to social security funds is suggested to enhance pension levels for low-income groups, thereby increasing their consumption capacity [4]. - The potential wealth effect from capital market expansion is highlighted, with a projection that the market value could reach 200-250 trillion yuan by 2030, supporting increased consumer spending [4]. Group 2: Current Economic Challenges - The current economic issue is identified as severe over-investment, with many projects yielding no effective output, as evidenced by fixed asset investments exceeding local GDP in 14 provinces [2]. - A shift towards accepting lower investment growth rates is recommended, focusing on effective investments in areas like artificial intelligence while reducing inefficient investments [2][3].

Core Viewpoint - The revised regulations emphasize the prohibition of wasteful "image projects" and "performance projects," aiming to prevent significant decision-making errors that lead to severe waste [2] Group 1: Current Issues - Despite efforts to prevent inefficient investments, some localities continue to pursue grand projects that are disconnected from reality, resulting in significant resource waste [3] - Examples include museums becoming storage facilities, unfinished "key projects," and luxury charging stations in remote areas lacking proper infrastructure [3] - The phenomenon of "half-finished projects" arises from various causes, including insufficient funding and lack of scientific planning, leading to economic losses and social conflicts [3] Group 2: Underlying Problems - The "half-finished" mentality is more concerning than the projects themselves, characterized by poor policy coordination, short-sightedness, and lack of commitment [4] - The economic losses from "half-finished projects" can be quantified, but the impact on public sentiment is immeasurable [4] - Addressing these issues requires a comprehensive approach, including accountability for project failures and improved management of government investments throughout their lifecycle [4] Group 3: Solutions and Recommendations - Local governments must actively address existing "half-finished projects" by repurposing idle resources for community benefits, such as converting unused office buildings into training centers [5] - All projects should prioritize quality, avoiding large-scale investments that lead to incomplete outcomes, ensuring that every penny is effectively utilized for development [5]