All localities have stepped up efforts to support private investment and activate the "engine" of economic growth.

CCTV News:Private investment is the "engine" of economic growth. In the first half of this year, the growth rate and the proportion of private investment in the overall investment declined. In order to encourage and support private investment, in addition to the 17 policies and measures issued by the National Development and Reform Commission, various localities have also issued policies to increase support for private investment. Private investment in many fields has been increasing, and private investment confidence is gradually recovering.

Recently, various parts of China have issued relevant policies and measures to increase support for private investment, and all localities have actively explored new, practical and hard measures to promote the high-quality development of private investment. By creating a good business environment, broadening the track of high-quality investment and breaking down hidden investment barriers, private capital can be assured to invest well.

Shanghai has introduced 20 policies and measures to support private investment in major projects, reduce links, time and efficiency for private investment projects, reduce the cost of land for enterprises and implement preferential tax and fee policies.

Gu Jun, Deputy Secretary General of Shanghai Municipal Government and Director of Municipal Development and Reform Commission:Resolutely break down invisible barriers, further emphasize areas outside the negative list of national market access, support private enterprises to enter equally according to law, and carry out investment according to law. Encourage private capital to actively participate in 102 major projects planned by the state in the 14th Five-Year Plan and major projects planned by Shanghai in the 14th Five-Year Plan. Private enterprises participate in the design, construction, raw materials, facilities and equipment supply of major projects, and are treated equally in bidding.

In order to boost the confidence of private investment, Guangdong Province introduced four types of projects, including infrastructure, industry, scientific and technological innovation and social livelihood, with a total of 101 demonstration projects and 56 application scenarios, to attract private capital to participate.

Ye Zilin, Deputy General Manager of Guangzhou Daxin Cultural and Creative Development Co., Ltd.:With the government setting up a stage and enterprises singing opera, we can connect with the participating enterprises with relevant technologies on a higher platform, which can empower us more.

Since the beginning of this year, confidence in private investment has gradually recovered. 1— In May, the proportion of private investment in manufacturing investment reached 94.3%, and private investment in many fields continued to increase. In Wuhan, Hubei Province, the air-conditioning intelligent manufacturing base with a total investment of more than 3.4 billion yuan and an annual production capacity of 6 million sets was put into production at the end of March. The annual R&D investment of this enterprise for intelligent manufacturing accounts for nearly 5% of the total revenue.

Li Dongsheng, Chairman of TCL:Dare to invest in the future. In 2022, we added 68 billion yuan in investment, and this year we have planned another 36 billion yuan in investment.

Although the growth rate and the proportion of private investment in the overall investment have declined in the first half of this year, private investment has shown many bright spots in some areas. In the first half of this year, private investment except real estate development increased by 9.4% year-on-year, private investment in manufacturing increased by 8.4%, and private investment in infrastructure increased by 15.6%, showing strong investment confidence and investment motivation.

As the "engine" of China’s economic growth, private investment plays a key role in creating employment opportunities and enhancing economic vitality. With the implementation of national and local measures to support the development of private investment, the endogenous motivation of private investment will be effectively stimulated and private investment will achieve high-quality development.