A recent State Council executive meeting on macro policy to boost effective
investment called for coordinated central-local action to stabilize investment.
Economic Daily columnist Jin Guanping says effective coordination requires three
dimensions: vertical—activate both central and local initiatives;
horizontal—align cross-ministerial and cross-regional investment efforts; and
government–market—use government guidance while mobilizing private investment.
He warns China is at a critical stage of structural upgrading and investment
faces both new opportunities and significant implementation obstacles; clearing
coordination bottlenecks from top-level design to local delivery is needed to
unlock policy effectiveness and restore investment’s role in growth.
