Economic Daily: Jin Guanping - Vigorously guard against the chaos of attracting investment and prevent it from happening again.

Since the beginning of this year, as competition for investment promotion has intensified in various regions, some places have violated regulations by offering subsidies, creating so-called "policy gaps" through "small policies" and "local practices", to some extent, disrupting the unified national market and increasing the financial burden on local governments. This behavior must be taken seriously and preventive measures must be taken to prevent the repetition of chaotic investment promotion scenarios. Without special policies, large enterprises cannot be attracted, which is a deeply rooted belief in some regions. Looking across the country, this misperception is somewhat widespread, overly reliant on traditional methods and difficult to break out of inertia. Simply competing in terms of land, taxes, and subsidies ultimately leads to "circular" investment promotion. It should also be noted that using excessive preferential policies to attract investment often results in funding from borrow and financing, further increasing the risk of local debt.