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]

中央经济工作会议在部署2026年经济工作时强调，推动投资止跌回稳，适当增加中央预算内投资规模， 优化实施"两重"项目，优化地方政府专项债券用途管理，继续发挥新型政策性金融工具作用，有效激发 民间投资活力。"十五五"开局之年，如何采取切实措施推动投资止跌回稳？如何更好发挥财政、债券、 民间投资等对于稳投资的积极作用？记者就此采访了相关专家学者。 着力扩大有效投资 2025年以来，我国固定资产投资下行压力加大，2025年前11个月同比下降2.6%。 "今年基建投资有望迎来修复。项目储备方面，'十五五'规划项目预计将集中在今年开工，中央适时增 加预算内投资规模、增扩新型政策性金融工具，并统筹使用超长期特别国债、地方专项债，将有助于发 挥基建特别是'两重'等重大项目在稳定投资上的压舱石作用。"毕马威中国经济研究院院长蔡伟认为， 随着经营主体市场预期改善和新一轮产业布局持续推进，制造业投资有望触底回升，成为固定资产投资 的最大拉动项。未来，高端制造业将成为推动中国经济转型、应对全球科技竞争的关键抓手。 新旧动能转换带来了投资结构的变化，应优化政府投资结构，加强"硬投资"和"软建设"系统集成，着力 提升政府投资效益。邢伟 ...

中央经济工作会议在部署2026年经济工作时强调，推动投资止跌回稳，适当增加中央预算内投资规模， 优化实施"两重"项目，优化地方政府专项债券用途管理，继续发挥新型政策性金融工具作用，有效激发 民间投资活力。"十五五"开局之年，如何采取切实措施推动投资止跌回稳？如何更好发挥财政、债券、 民间投资等对于稳投资的积极作用？记者就此采访了相关专家学者。 着力扩大有效投资 2025年以来，我国固定资产投资下行压力加大，2025年前11个月同比下降2.6%。 "这既是受一些地方政府化债压力较大、地方投资循环不畅等当期因素影响，也是经济发展阶段变化、 新旧发展动能转换等长期因素的现实反映。"国家发展改革委固定资产投资司有关负责人表示，将深入 贯彻党的二十届四中全会精神，按照中央经济工作会议部署，结合新形势新要求，从畅通供需循环、投 融资循环等方面采取针对性措施，着力扩大有效投资。 "今年基建投资有望迎来修复。项目储备方面，'十五五'规划项目预计将集中在今年开工，中央适时增 加预算内投资规模、增扩新型政策性金融工具，并统筹使用超长期特别国债、地方专项债，将有助于发 挥基建特别是'两重'等重大项目在稳定投资上的压舱石作用。"毕马 ...