China to fully tap potential of effective investment

BEIJING, March 5 (Xinhua) -- China will tap and unleash the potential of effective investment in 2026, according to a government work report submitted Thursday to the country's top legislature for deliberation.

A total of 755 billion yuan (about 109.26 billion U.S. dollars) will be earmarked in this year's central government budget for investment, and 800 billion yuan raised from ultra-long special treasury bonds will be allocated to implement major national strategies and enhance security capacity in key areas.

China will also issue new types of policy-backed financial instruments with a total value of 800 billion yuan to stimulate greater private sector investment, the report said.

For the next five years, the country will move faster to establish a mechanism that facilitates endogenous growth in effective investment, keep investment expansion at a reasonable pace and boost investment returns, according to a draft outline of the 15th Five-Year Plan (2026-2030) also submitted Thursday. ■