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    When investment promotion targets are assigned to state-owned enterprise platforms, the first thing that appears is a task list: how many companies to engage, how many leads to generate, and how many projects to advance. Once the goals are broken down, the team quickly gets into the swing of things. But for decision-makers, assigning targets to departments is only the first step in deploying the task. Investment promotion by state-owned enterprise platforms involves far more than just project matching. It requires determining the right industrial direction, understanding corporate needs, coordinating capital instruments, and identifying who will take over once a project is implemented.
    Investment promotion conferences remain as bustling as ever. Figures on contract values, project counts, and project commencement rates were presented one after another. A review of investment promotion policies in the top 50 cities by GDP reveals a common trend. This year, only three cities—Zhengzhou, Nantong, and Quanzhou—have issued new policy documents specifically titled “Investment Promotion.” In addition, Shenzhen’s “Implementation Measures for Further Increasing the Attraction and Utilization of Foreign Investment” took effect this year. This article focuses on specialized investment promotion policies, innovative investment promotion plans, and the 15th Five-Year Plan outlines, incorporating all three types of documents into the analysis. A total of 63 policies were reviewed, while industrial directions were analyzed using the “15th Five-Year Plan” outlines of 50 cities.
    Recently, the 2026 China Dental Valley Industry Development Conference was held as scheduled in Ziyang. This year marks the 10th anniversary of the establishment of Dental Valley, and there is a significant development worth noting. The park—which has already become the nation’s largest hub for the dental equipment and materials industry—announced the launch of its “second phase of development.” Ten years ago, 80 percent of China’s high-end dental equipment and materials relied on imports. Today, 434 “Made in Ziyang” dental products are exported to more than 100 countries and regions worldwide.
    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.
    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 medical device industry continues to gain momentum, with many industrial parks actively expanding their presence and competing to attract companies. In Ziyang, China Dental Valley is emerging as the top choice for dental companies seeking strategic expansion, thanks to its six key advantages. Renowned domestic and international dental firms are flocking to the area, with more than 140 industry leaders and market leaders in niche segments already establishing operations there.
    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.
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