National Development and Reform Commission: Maintain a reasonable level of government investment and optimize the structure of government investment.

date
18/12/2025
The National Development and Reform Commission published the "Focus on Expanding Effective Investment", emphasizing the effective management of government investment. It is important to maintain a reasonable level of government investment, optimize the structure of government investment, and strengthen the overall management of government investment throughout the lifecycle. It is necessary to further clarify the directions and priorities of central and local investments, and increase the proportion of government investments in improving people's livelihoods. It is crucial to strengthen the "dual nature", adhere to a top-down approach, emphasize the combination of hardware and software, and promote high-quality progress in "dual" construction. Attention should be paid to effectively managing central budget investments, further improving the quality of projects and the efficiency of investment plan implementation. It is also necessary to study and adjust the scope of the pilot projects for local government special bonds "self-examination and self-issuance", and further optimize the management mechanisms of special bond projects and funds. It is important to coordinate the use of various government investments, explore the formulation of comprehensive government investment plans in areas with a good working foundation, and better coordinate government investment demands and capabilities. Strengthening the supervision and management of government investment projects throughout the entire process, accelerating project construction and fund utilization progress, and preventing the idle, occupy, or embezzlement of funds.