NDRC and Ministries Convene Meeting to Accelerate Investment Deployment

China's National Development and Reform Commission and relevant ministries have convened a national conference to coordinate measures for stabilizing fixed-asset investment, state media reported. Acknowledging operational headwinds in the current investment climate, officials outlined six core tasks to channel funding into priority areas. These directives include speeding up the issuance and use of local government special-purpose bonds, releasing funds from new policy-oriented financial tools, expediting major projects under the upcoming 15th Five-Year Plan, and systematically creating project pipelines to attract private capital.

Investment remains a cornerstone of Beijing's macroeconomic stabilization agenda. By coordinating fiscal disbursements, policy financing, and land and regulatory approvals across multiple ministries, policymakers aim to resolve bottlenecks, crowd in cautious private capital, and accelerate actual physical construction before the end of the year.

China's economic planners and ministerial authorities have coordinated a nationwide effort to stabilize fixed-asset investment, calling for concrete measures to address operational bottlenecks while directing resources toward industrial upgrading and strategic infrastructure, according to a report by Xinhua News Agency. The National Development and Reform Commission (NDRC) convened a national investment work promotion meeting alongside relevant departments to review upcoming priorities. While officials noted that investment quality and structure have improved this year—playing an essential supporting role in high-quality development—they acknowledged ongoing difficulties and challenges in current investment operations. Planners stressed the need to unlock investment potential across science and technology innovation, industrial upgrading, and urban renewal. Authorities laid out six principal tasks for local administrations and departments. First, agencies were instructed to step up the dispatch and oversight of key projects under the "two major" framework—focusing on national strategic initiatives and core security capabilities—as well as central budget investments. This directive mandates accelerating the issuance and utilization of local government special-purpose bonds, rapidly disbursing funds from new policy-oriented financial instruments, and strictly enforcing fund supervision to ensure timely payouts. Second, the conference called for accelerating the early implementation of major engineering projects slated for the upcoming 15th Five-Year Plan, aiming to convert planning into physical work volume as quickly as possible. Third, planners urged the systematic rollout of the "six networks" infrastructure framework through multi-channel funding mechanisms and enhanced inter-departmental coordination. Fourth, the meeting emphasized strengthening both conventional and emerging factor guarantees, ensuring efficient approvals for land use and environmental assessments while bolstering resources for application scenarios, data, technology, and technical talent. Fifth, authorities highlighted the need to advance pricing and fee reforms alongside data sharing and standardization to enhance the regulatory environment. Finally, the government urged the swift release of a designated batch of major projects structured to attract private investment, reaffirming policy support for private corporate participation in major infrastructure developments.