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    Recently, the State Taxation Administration made a public statement. It emphasized that addressing the "invoice-driven economy" cannot be done through a simplistic "one-size-fits-all" approach. Without conducting actual verification, authorities should not simply suspend or restrict companies’ invoice issuance or reduce their invoice quotas. Local governments engaged in investment promotion now face a dilemma: they must strike a balance between two conflicting demands. They need to eliminate inflated figures without inadvertently harming compliant businesses; they must correct performance metrics without damaging the business environment. The true test lies in the wisdom of local governments to adopt “tailored approaches” in their investment promotion efforts.
    Investment promotion in Southwest China has never been easy. As the Chengdu-Chongqing Economic Circle accelerates its development, regions across the area are competing fiercely for projects, enterprises, and industrial chains. On one hand, the “15th Five-Year Plan” is in its opening sprint; with tasks piling up, there is no room for delay. On the other hand, investment promotion channels are limited, and after making the rounds, few companies have been successfully contacted. In terms of investment promotion, project matching has reached a critical juncture of “evolution.” The 2026 Investment Promotion Network Closed-Door Exchange will make its second stop in Chengdu. On May 21, in a small-group setting with in-depth interaction, we will gather with investment promotion directors and park managers to discuss and share insights on the most challenging issues together.
    In early May, Suzhou is lush and green. Here in Suzhou, a Bay Area gathering spanning thousands of miles has taken place. “Writing a New Chapter for Suzhou · Converging for Mutual Success”—the Xinhui District 2026 (Yangtze River Delta) Industrial Investment Promotion Conference was successfully held. The Xinhui District Party Committee and District Government have established a platform here to foster cooperation and attract new opportunities. Here, industrial opportunities from the west bank of the Pearl River met with an enthusiastic response from Yangtze River Delta enterprises eager to seize opportunities in the Greater Bay Area. This was not merely a promotional event, but a mutual endeavor characterized by industrial complementarity, shared value, and mutual confidence.
    The artificial intelligence industry has entered a period of rapid growth. Attracting computing power investments has become a popular strategy for local governments to develop their digital economies. However, utilization rates remain below 30%, while operating costs continue to rise. In some regions, blind bandwagoning, subsidy one-upmanship, and the disguised construction of computing facilities have triggered a race to the bottom in computing power investment. Just last week, Xinhua News Agency specifically warned against this “race to the bottom in computing power investment,” directly pointing to the short-sightedness of local development strategies. The fact that the central government has personally stepped in to sound the alarm speaks volumes. It is time to hit the brakes on this computing power race.
    The prospects for local development hinge on the officials responsible for investment promotion. It comes down to whether they dare to face problems head-on, are willing to set aside their egos, and are capable of getting things done effectively. Though blunt, these words pinpoint some of the issues plaguing local development. In regions that successfully attract businesses, the government’s work style serves as the “golden calling card” for investment promotion. Without exception, these regions have taken their approach to the extreme in three key areas: understanding, attitude, and action. Awakening to Reality: Breaking Free from Self-Indulgent Planning When it comes to attracting investment, the first step is to resolve local issues.
    Zhang Xue’s motorcycle has gone viral nationwide. The phrase “not a single penny” has taken social media by storm. After being taken out of context and widely circulated, this statement quickly sent ripples through public opinion. However, a deeper issue has come to the surface. When the government supports businesses, does “giving money” really have to be the only way? This question touches on the core of a paradigm shift in the concept of attracting investment. Now is the time to redefine what it means for the government to support businesses. The best support is letting go; the best environment is fairness; and the best competition is determined by the market.
    There’s a common phenomenon within business development teams. Newcomers, after working for a while, often struggle to identify what companies are looking for. While veteran team members have plenty of experience, their approaches were developed through trial and error in the past. Business development managers understand that with targets being pushed down year after year, relying solely on a few key veterans isn’t sustainable. They want to systematically develop their teams but can’t find a practical training program. So, what is the best way to effectively improve professional capabilities in business development?
    Over the course of a month, the “Straight Talk” column in the Liaoning Daily published a series of short commentaries. Though each piece was brief—just a few hundred words—they were direct and cut straight to the heart of the matter. The more I read, the more I realized they highlighted common issues faced by most localities. Many regions are grappling with similar challenges regarding the business environment, the work ethic of officials, and development philosophies. The commentary ranges from how to conduct consultation meetings and field visits to how to establish a proper view of political achievements and cultivate Party spirit. This high-frequency, high-density series of articles serves as a systematic “collective health checkup” for investment promotion officials. This “health report” also holds up a mirror for localities to reflect on and examine their own investment promotion efforts. On the surface, these are issues of work style. Let’s start with
    At the end of the day, attracting investment is a competition for talent. It’s easy to put up a sign promoting market-oriented investment promotion, but developing the right people is where the real challenge lies. With the new year underway, it’s worth starting by focusing on building the capabilities of our team.
    The "Evolving with Resilience" Beijing Closed-Door Exchange Meeting organized by the Investment Promotion Network has concluded. Directors of investment promotion bureaus, representatives from overseas offices, and investment promotion leaders from across the country gathered here, each bringing their own insights. Even before the meeting began, the venue was already buzzing with lively discussion, as participants spoke freely and collaborated to tackle challenges.
    While conducting field visits and research, I heard some investment promotion directors remark that attracting investment has increasingly come to resemble a grueling test of physical and mental endurance. Yet when it comes time for quarterly or annual reviews, very few projects have actually been signed and implemented. The most direct reason is that most of their time is spent on fruitless meetings and sifting through information.
    With a full-scale push to attract investment, there has been quite a stir this year. The battle to attract investment has already begun. Mobilization is essential, but it must be sustainable. For local governments, this is not merely a formality; it must yield tangible results.
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