Major projects are the "ballast stone" and driving force for economic development. Since the second quarter, local governments have actively promoted the construction of major projects, which has played a significant role in driving investment. From the national perspective, the latest data released by the National Bureau of Statistics on May 19 shows that in the first four months of this year, the national fixed assets investment (excluding farmers) was 14702.4 billion yuan, up 4.0% year on year, maintaining a stable growth. At the same time, the planned total investment of 100 million yuan or more in project investment increased by 6.7% year-on-year, with a growth rate 2.7 percentage points higher than the total investment, driving the total investment growth by 3.8 percentage points, indicating that large-scale project investment is continuing to play a driving role. From the local perspective, according to the news on May 30 of the WeChat official account of "Tangshan Publishing", the construction of key projects in Tangshan has achieved "acceleration". In the first four months, the city has completed the investment in key projects of 16.22 billion yuan, ranking first in Hebei Province in terms of total investment. On May 22, the Development and Reform Commission of Sichuan Province announced that since the beginning of this year, the entire province has adhered to the principle of focusing on high-quality projects, solidly carrying out project tackling actions, and taking multiple measures to promote the "early start and rapid construction" of key projects in the province. In the first four months, 810 key projects in the province completed an investment of 319.97 billion yuan, with an annual investment completion rate of 40.4%. Yu Xiaoming, Senior Investment Advisor of Shaanxi Jufeng Investment Information Co., Ltd., stated in an interview with reporters that as the end of the second quarter approaches, various regions are rushing to accelerate the construction of major projects. This can not only drive the growth of industries such as building materials and transportation through investment, stabilize the economic foundation, but also create employment opportunities and improve infrastructure. It can also use emerging industry projects to drive industrial upgrading, release positive signals, and enhance market confidence. Song Xiangqing, Vice President of the China Society of Business Economics, also told reporters that major project investments in various regions are not only short-term driving points for "stable growth", but also long-term layouts for "structural adjustment". Various regions have concentrated resources to promote large-scale and strong driving projects, effectively playing a stabilizing role in economic growth. At the same time as diversifying local support methods, local governments are also supporting major project investment and construction through diversified means. From the perspective of financial support, according to the news on May 28 on the website of Chongqing Municipal People's Government, Chongqing Municipal Development and Reform Commission and Chongqing Branch of the People's Bank of China organized a financing matchmaking meeting for the 2025 key project "government, finance and enterprises". Yuan Yao, Deputy Director of the Development and Reform Commission of Chongqing, stated that it is necessary to closely monitor policy trends, seize strategic opportunities and policy window periods, focus on key support areas, make full use of fiscal and financial support policies, and address the funding needs of major projects and enterprises. Regularly carrying out "government finance enterprise" financing docking, helping to achieve a win-win situation of "accelerating project construction" and "increasing credit investment efficiency", and laying a solid foundation for economic growth in the first half of this year and the whole year. According to the website of the Guangdong Provincial People's Government on April 25th, the General Office of the Guangdong Provincial People's Government issued a notice on "Several Measures for Further Deepening the Reform of the Investment and Financing System in Guangdong Province" (hereinafter referred to as "Several Measures"), which clarifies the establishment of a "major project financing scheduling mechanism" and proposes to select a group of typical projects with funding gaps or low-cost fund replacement conditions from projects with large government investment amounts. The investment supervisory department, together with project units and banks, will plan financing plans one by one, formulate a "one project, one strategy" work ledger, and jointly use financial tools to reduce project construction and operation costs and improve overall income levels. Yu Xiaoming believes that the focus of future financial support can be on innovative products (such as intellectual property pledge), optimizing approvals, and increasing credit allocation. At the same time, it can guide social capital to participate, tilt resources towards green and technology projects, and accurately match project funding needs. In addition, the "Several Measures" also propose to "support private capital to participate in major project construction", including supporting the joint venture between private capital and state-owned capital, and jointly participating in major project investment, construction and operation through joint ventures, equity transfers, capital increase and expansion in accordance with laws and regulations. In Song Xiangqing's view, the participation of private enterprises in major project construction is not only a pragmatic choice to solve funding and efficiency problems, but also a key path to deepen market-oriented reforms and enhance economic resilience. At the same time, the deep participation of private enterprises in major projects can not only share the dividends of national development, but also enhance their ability to resist risks through cross disciplinary cooperation. (New Society)