Page 46 - REPORT ON THE IMPLEMENTATION OF THE 2022 PLAN FOR NATIONAL ECONOMIC AND SOCIAL EVELOPMENT AND ON THE 2023 DRAFT PLAN FOR NATIONAL ECONOMIC AND SOCIAL EVELOPMENT

urgent tasks at the national level. We will stimulate society-wide investment with
government investment and policy incentives. We will proceed with the 102 major

projects outlined in the 14th Five-Year Plan with great effort and in an orderly
manner. We will make good use of our experience with the coordination
mechanism for advancing major projects to promote effective investment and
adhere to the principle that funding and other production factors should follow
specific projects, which in turn should follow specific plans. We will ensure

well-coordinated and effective use of central government investment, local
government special-purpose bonds, policy and development finance instruments,
structural monetary policy tools, and medium- and long-term loans for the
manufacturing sector. We will also strengthen support in terms of land use, energy

use, environmental assessment, and other factors.
We will increase investment in industrial and technological upgrades to help
enterprises achieve technological transformations and acquire equipment upgrades.
We will carry out urban renewal projects and speed up the renovation of old
residential communities in cities. We will further improve the policy environment

to provide stronger support for private investment, encourage and attract more
private capital to operate according to market principles in major national projects
and projects to strengthen areas of weakness, and take effective measures to
stimulate private investment. We will work toward regular public offerings of real

estate investment trusts in the infrastructure sector to release the value of idle
assets. To improve project stockpiling, we will continuously build up a reserve of
key projects that can deliver both short- and long-term benefits, supported by the
national major project database.
We will step up preliminary work for projects so that tangible progress can be

made as soon as possible. We will continue reforming the approval system for
investment projects and revise the regulations and other normative documents on
investment management to better unify and coordinate investment statutes. We
will explore new applications of online platforms for investment and establish data

sharing mechanisms for investment and financing approval with banks and other
financial institutions.
3) We will build more major infrastructure.
We will build a modern infrastructure system with a better layout and
structure, more effective functions, and greater integration. We will advance

progress on the Sichuan-Tibet Railway, high-speed rail lines along the Yangtze

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