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    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?
    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.
    The first year sets the tone for the next five; the start determines the outcome. Domestic GPU companies are experiencing a wave of IPOs. This trend has become a major phenomenon in the investment community. Nanjing has been breaking records one after another, drawing significant attention from local governments across the country.
    This year, an increasing number of regions have begun to adopt scenario-based investment promotion. This involves identifying relevant scenarios, publishing lists of opportunities, and connecting with businesses. Behind this approach lies a shift in the logic of investment promotion: the focus is no longer merely on seeking projects, but on identifying “scenario opportunities” within local development. Essentially, this is about creating “testing grounds” for innovative technologies and matching cutting-edge products with their target markets.
    When it comes to attracting investment, one cannot ignore the fiscal “purse strings.” Local finance departments are well aware of this. In the context of investment promotion, the “purse strings” must be spent wisely to yield the greatest return. Only when industries cluster, supply chains extend, enterprises grow, and employment expands will fiscal revenue increase.
    A few years ago, the trend of integrating industrial facilities into urban areas gained significant momentum, with many regions jumping on the bandwagon. Factory buildings grew taller and taller, with a focus on “high floor area ratios.” As the craze subsided, the practical challenges posed by this model gradually came to light. Looking at the current situation, how should floor area ratios be assessed when constructing new factory buildings? Is there still a viable path forward for existing high-floor-area-ratio factory buildings?
    A business development professional once remarked, “Being rejected by companies is the norm; acceptance is the exception.” In such situations, a single misstep can undo all your hard work, rendering the significant time and effort invested earlier a waste. Such cases are far from uncommon; the key lies in how you respond next.
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