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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.
    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.
    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.
    As spring 2026 dawned, the call to attract investment spurred people to action, with many regions launching full-scale investment promotion campaigns. A glance at the social media feeds of numerous investment promotion directors reveals a fierce competitive spirit, with red flags flying high—a clear signal that the campaign is starting with a decisive push.
    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.
    In 2026, the term “vote-buying economy” was frequently mentioned. This unprecedented crackdown serves as a comprehensive test of the government’s governance capabilities, performance-oriented approach, and development philosophy. How can we strike the optimal balance between curbing corrupt practices and ensuring development?
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