Chongqing: To strengthen the supervision of project investments and resolutely prevent inefficient and ineffective investments.

According to the news released by Chongqing, on the morning of February 11th, the 6th Municipal Party Committee Finance and Economics Committee held its thirteenth meeting. The meeting emphasized the need to expand and strengthen diverse investment entities, effectively leverage the role of government investment, strengthen the role of central enterprises and state-owned enterprises, actively bolster private investment, and continue to stimulate the vitality of various investment entities. It is necessary to strengthen project investment supervision, enhance digitalized full-process control, improve project initiation and selection mechanisms, and resolutely prevent inefficient and ineffective investments. Precision should be applied in overall coordination and scheduling, with detailed decomposition of target tasks, focusing on resolving obstacles and bottlenecks that restrict project investment, ensuring various elements such as funding, and promoting strong project succession and sustained investment growth.