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    A few days ago, the Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Finance jointly issued the “Action Plan for Stabilizing, Promoting, and Optimizing Foreign Investment,” which consists of 15 measures across five areas. Today, draft amendments to the Government Procurement Law and the Bidding and Tendering Law were jointly submitted to the Standing Committee of the National People’s Congress for initial review. This marks the first time these two laws, which have been in effect for more than 20 years, have been amended simultaneously. Earlier, on June 16, at a symposium chaired by Zheng Zhejie, Director of the National Development and Reform Commission, the issue of “regulating local investment promotion activities” was raised, and this was discussed in the context of deepening the development of a unified national market.
    When it comes to attracting investment, old maps won’t lead to new paths. When it comes to project matching, old tactics won’t win new battles. The second stop of the “Evolving Investment Promotion Networks: Adapting with Resilience” tour has concluded in Chengdu. Those in attendance were all professionals who have been on the front lines across the country. Where do you find projects? How do you evaluate them once identified? How do you follow up after matching? Even before the closed-door session began, investment promotion professionals were already exchanging ideas. Here, they shared their challenges, spoke candidly, and banded together to find ways to break through the impasse. By evolving to overcome obstacles and embracing change with resilience, they uncovered opportunities for cooperation through pragmatic dialogue.
    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.
    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.
    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.
    In investment promotion efforts, the method of land supply significantly impacts the efficiency of project implementation. With the gradual rise of emerging industries, traditional, one-size-fits-all land supply models can no longer meet the diverse production needs of enterprises. On the one hand, the fixed-term land grant model lacks the flexibility to adapt to corporate investment and production cycles, leading to a certain degree of land resource idleness. On the other hand, inadequate mechanisms for project entry and exit make it difficult to phase out old projects and bring in new ones, thereby undermining the flexibility and efficiency of investment promotion efforts.
    A new round of reforms has officially begun. The central government has designated 10 regions to serve as pilot areas. The core focus of this initiative is the market-based allocation of factors of production. This encompasses not only traditional factors such as land, labor, and capital, but also new factors such as data, computing power, and airspace. At the local level, the goal is to allow the market to determine resource allocation rather than relying on administrative measures.
    Investment promotion, both to abide by the rules, but also will act. The spirit of the central eight provisions, is a red line, must be observed. Investment work, dealing with enterprises, building trust, no contact, obviously does not work.
    At a time when the development of the industry is changing profoundly and the investment promotion colleagues are working hard silently, Gulchon Industry Research Institute has gathered energy, intelligence and experience to compile and publish the book "The Great Revolution of Industry Chain Investment Promotion" and will carry out the recruitment of trial readers, expecting to give the book more connotation and value through reading and sharing the concepts.
    "Private Economic Development Bureau" has come, the news came out, much attention. This "Bureau" is not small, belonging to the National Development and Reform Commission within the organization, the main function is to "lead". For the moment, the symbolic significance is greater than the actual effect, highlighting the government's attention to the private economy. The establishment of the "Private Economic Development Bureau", in the end, what problems can be solved?
    A national ministry has established an internal organization that has attracted attention and repercussions. That's right, it is the "Private Economic Development Agency". From the point of view of investment, the establishment of the "Private Economic Development Bureau", whether it is good or bad? The key to see, is to "discipline" private enterprises, or to "service" private enterprises.
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