Jing Guanping, Economic Daily: Resolutely curb the trend of inward-oriented investment promotion.

On the 12th of August, Jin10 News reported that attracting investment requires being able to 'attract, accommodate, and retain'. Behind these seemingly simple words are the optimization of concepts, transformation of functions, and environmental friendliness. Blindly relying on 'policy competition' is not feasible. Local investment promotion should focus on improving 'internal strength'. Standardizing local investment promotion laws and regulations ultimately requires managing the relationship between the government and the market. This is the core issue of economic system reform. It is necessary to scientifically define the boundaries between the government and the market, promote the better combination of an efficient market and an active government, achieve optimal resource allocation efficiency and maximize benefits, and both 'liberate' and 'regulate', stimulate the endogenous motivation and innovation vitality of the whole society, and continuously shape new development momentum and advantages.