Economic Daily: Resurgence of private investment signals positivity.

With the spring breeze of policy, private investment in China has ushered in a "resurgence". The latest data shows that in the first quarter, private investment in China grew by 0.4% year-on-year, ending a three-year downturn of no growth. Among them, private investment in the manufacturing and infrastructure sectors increased by 9.7% and 9.3% respectively, outperforming the average levels in their respective fields, and signaling the continued strengthening of the vitality of private capital. Currently, the external environment for China's development is more complex and tangled. We must be vigilant against the uncertainty brought about by the excessive imposition of tariffs by the United States, especially regarding its impact on the profitability of private enterprises and the disturbance of private investment willingness. We must further increase counter-cyclical adjustment efforts, be adept at launching policy "combinations" at critical time windows, act early and swiftly, and if necessary, dare to break conventions, to transition private investment from "warming up" to "continuously heating up".