On October 10, Jiangsu Provincial People’s Government held a province-wide meeting on investment promotion. Zhang Wenbing, Member of the Standing Committee of the CPC Jiangsu Provincial Committee and Deputy Secretary of the Party Leadership Group of Jiangsu Provincial People’s Government, attended and addressed the meeting.

The meeting pointed out that all localities and departments should thoroughly study and implement General Secretary Xi Jinping’s important expositions on expanding effective investment, act on the decisions and plans of the CPC Central Committee and the State Council on stabilizing investment, and follow the requirements of the CPC Jiangsu Provincial Committee and the Jiangsu Provincial People’s Government. It is essential to adopt strong and effective measures to stimulate and fully unleash the investment potential, so as to underpin the steady and sound economic development of the province with expanded effective investment.

The meeting called for greater efforts to promote industrial project investment by capitalizing on current favorable conditions, boosting investment to expand existing production, enhancing the quality and efficiency of new investment, and improving the service mechanisms for major projects at provincial, municipal and county levels.

The planning and development of water network, new-type power grid, computing power network, next-generation communication network, urban underground pipeline network and logistics network shall be further advanced. Efforts include strengthening project planning, dynamically updating the project bank, and improving mechanisms for social capital engagement to accelerate project delivery. With regard to policy funding, it is important to ensure timely disbursement and utilization of approved funds, and step up efforts to secure additional policy funding support. Major project construction shall be accelerated, with emphasis on commencement and the entire construction process to ensure more concrete progress. To unlock the potential of private investment, efforts shall be made to expand channels for private investment and improve services for private-invested projects.

The meeting stressed the need to roll out targeted policies to address problems at all stages of project development, including improving the quality of pre-project preparations and resolving difficulties in construction and implementation. It is important to pool all efforts and forge synergy to stabilize investment, thereby promoting sustained, innovation-driven, high-quality and sound economic growth through tangible progress in projects and investment, making due contributions to ensuring a sound start to the 15th Five-Year Plan period.