CCTV News: Investment is an important driving force for economic growth. In 2024, manufacturing investment showed a positive trend of rapid growth and positive recovery, which played an important role in promoting economic stabilization and recovery. What new trends and highlights will be there for investment in 2025?

When the reporter came to the research institute of Guangdong Securities in Beijing, Chief Economist Luo Zhiheng was holding a communication and sharing session with his colleagues. The theme of the meeting was "Investment Summary and Outlook".

Researching policies and analyzing data is Luo Zhiheng's daily work day. The Central Economic Work Conference proposed that government investment should effectively drive social investment, and these are precisely the key contents of Luo Zhiheng's research.

From south to north and east to west, he took out his mobile phone and shared with reporters his business trip trajectory in 2024, among which there are some new places that he paid less attention to in the past.

In Tibet, through research, Luo Zhiheng and his team found that the growth rate of investment here, especially the growth rate of private investment, unexpectedly.

Luo Zhiheng introduced that in addition to the west, many regions are actively playing the synergy between the effective market and the active government. In 2025, with the further improvement of the special bond management system, the driving role of government investment will play a greater multiplier effect and promote more effective investment, which not only refers to economic benefits, but also represents social benefits and comprehensive benefits. Government investment will play a greater role in benefiting people's livelihood, making up for shortcomings, and increasing momentum. A package of incremental policies has been implemented to boost market confidence

Not only Luo Zhiheng has gained in his research, the reporter learned during his visits to many institutions and interviews with chief economists that when these chiefs study different investment fields, they generally believe that investments such as infrastructure investment and manufacturing investment play a crucial role in stabilizing growth and consolidating the positive trend of economic recovery.

Experts believe that since the end of September 2024, a package of incremental policies has been implemented one after another, becoming the key to reversing market expectations and boosting market confidence.

Wen Bin, chief economist of Minsheng Bank, introduced that the growth of manufacturing investment in 2024 is relatively significant. With the encouragement and support of national policies, increasing investment, especially R&D investment, is also a very important highlight.

Wen Bin introduced that increasing R&D investment, promoting innovation, and enhancing core competitiveness is becoming a general consensus among enterprises. Data shows that in the first 11 months of 2024, investment in manufacturing technology transformation increased by 8.5%, significantly faster than the average growth rate of fixed asset investment. my country's global innovation index ranking rose to 11th in 2024, and the results of innovation-driven development continue to appear.

Huo Xiao, chief economist of Dagong International Credit Assessment Co., Ltd., introduced that in 2024, the scale of my country's manufacturing technology transformation funds will further grow, and the high-end, intelligent and green manufacturing will further emerge.

Experts generally believe that new quality productivity is becoming a new direction of investment and has attracted attention from many parties.

Guan Tao, global chief economist at Bank of China Securities, introduced that the first of the new development concept is innovative development. Innovative development requires the positive role of the capital market, and cultivating the foundation of patience is a focus of capital market reform. my country still has a large number of potential investment opportunities

Experts said that multiple measures have enhanced investment confidence, which also contains new impetus for high-quality development of China's economy.

In 2025, there are still multiple uncertain factors in global economic development, facing downward risks, and insufficient momentum for global economic growth.

Experts said that in the face of uncertainty, it is urgent to actively expand domestic demand by increasing investment in 2025. Huo Xiao, who has been studying bonds for a long time, noticed that the overall issuance rhythm of special bonds in 2025 will not only increase, but will also invest in more public services.

Looking forward in 2025, a number of reform measures such as promoting reforms to stimulate the vitality of business entities and accelerating the revision of the negative list for market access will be further released. Wen Bin, an economist who has long studied the private economy, said that my country still has a large number of potential investment opportunities.

Wen Bin introduced that the direction and field he is interested in is artificial intelligence, and more and more excellent companies will emerge in this field, and they are more confident in China's economy.