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    There’s a well-known adage in the investment promotion industry: good projects never wait. Projects can come knocking at any moment, but it takes a year or more to build a professional investment promotion team. This time lag has become a weak point for many counties’ investment promotion efforts. Qingyang County’s response was to stay one step ahead of the projects by first recruiting and training the right people. The “Running Ahead” Industrial Pioneer Training Camp, which recently concluded, was precisely this strategic first move. It featured 100 young officials, a 10-day intensive training program, and four rounds of selection, with county leaders evaluating the participants and entrepreneurs putting them through their paces.
    According to data from ChinaVenture, as of the end of 2025, district- and county-level funds accounted for 44% of the total number of government funds nationwide. However, due to financial constraints, the capital size of these funds represented only 11.3% of the total. Accounting for nearly half of the total number but only 10% of the total capital—this is the true picture of government funds at the county level. Some time ago, a document issued by the General Office of the State Council quietly caused a stir in investment circles. The “Guiding Opinions on Strengthening Supervision, Preventing Risks, and Promoting the High-Quality Development of Private Equity Funds,” commonly known as the General Office’s “Document No. 54.”
    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.
    Without EUV lithography machines, Huawei’s “Tao’s Law” is rewriting the rules of the chip industry. A few days ago, a “bombshell” was dropped on the global semiconductor industry. He Tingbo, a Huawei director and president of the company’s semiconductor business group, officially unveiled “Tao’s Law.” This was not just an ordinary technical presentation, but a complete rewriting of the rules. After this wave of market activity, how much does it actually have to do with attracting investment?
    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.
    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?
    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.
    As the new year begins, everything is renewed. “First meetings of the new year” are being held in rapid succession across the country, and investment promotion efforts have officially kicked off. The key to success in investment promotion this year lies in choosing the right tools and methods.
    Recently, the term “performance evaluation” has been appearing frequently. From the central government to local authorities, it is mentioned at virtually every meeting. After the Spring Festival, it was emphasized once again at the “first meeting” of major economic provinces. We are currently at a critical juncture as the 15th Five-Year Plan gets underway. Unless this “thorn” of misalignment is removed, the problems in investment promotion will remain difficult to resolve.
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