The General Office of the State Council recently issued the “Guiding Opinions on Promoting High-Quality Development of Government Investment Funds”. Strengthen fund layout planning and investment guidance. The National Development and Reform Commission, together with industry authorities, should give full play to the role of layout planning and investment guidance, and guide local authorities to actually adjust the layout of government investment funds around local industrial development, taking into account the utilization of production capacity by relevant industries in various regions of the country, so as to prevent overcapacity and repeated construction at a low level.

The General Office of the State Council recently issued the “Guiding Opinions on Promoting High-Quality Development of Government Investment Funds”. Strengthen fund layout planning and investment guidance. The National Development and Reform Commission, together with industry authorities, should give full play to the role of layout planning and investment guidance, and guide local authorities to actually adjust the layout of government investment funds around local industrial development, taking into account the utilization of production capacity by relevant industries in various regions of the country, so as to prevent overcapacity and repeated construction at a low level.