On January 25th, during the Fourth Session of the 14th Beijing Municipal Committee of the Chinese People's Political Consultative Conference (CPPCC), Zhang Weiqian, a municipal committee member from the Revolutionary Committee of the Chinese Kuomintang (RCCK) and the General Manager of the Beijing Branch of Guotai Haitong Asset Management Co., Ltd., commented on the government work report's mention of "continuously optimizing the investment structure and strengthening industrial investment by 2026." She emphasized that changes in the investment structure warrant more attention than the total investment volume itself.
The report explicitly highlighted "livelihood improvement" and "consumption upgrade" types of investment. Zhang Weiqian pointed out that this indicates Beijing's future investments will be increasingly directed towards areas directly related to residents' quality of life and urban functional upgrades. These areas include healthcare, elderly care services, optimization of educational resources, urban renewal, cultural and sports consumption, and the supply of high-quality public services.
While the short-term financial returns on such investments may not be as direct as those from traditional infrastructure, Zhang believes that in the long run, they can significantly enhance the city's attractiveness and population quality. She described these as typical fields suitable for "patient capital" and highly consistent with Beijing's positioning for high-quality development.
Zhang Weiqian expressed the view that as Beijing has become the nation's second "5-trillion-yuan city," there is an even greater need for investments related to new quality productive forces to drive high-quality industrial development. She suggested that industrial investment can cultivate new growth drivers, livelihood-improving investment can boost happiness, and consumption-upgrading investment can activate the potential of domestic demand.
As these investment measures take effect, Beijing is expected to form a higher-level economic cycle during the "15th Five-Year Plan" period. This would not only inject new momentum into the capital's development but also provide strong support for the coordinated development of the Beijing-Tianjin-Hebei region and the construction of the Northern Economic Belt.
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