CCIEE Held 164th Monthly Economic Talk Themed of Giving Better Play to the Driving Role of Investment and Promote Sustained Economic Recovery

On June 30, 2023, the China Center for International Economic Exchanges (CCIEE) held the 164th session of the "Monthly Economic Talk" with the theme of " Giving Better Play to the Driving Role of Investment and Promote Sustained Economic Recovery." The meeting was chaired by Zhang Dawei, Vice Chairman and Secretary General of CCIEE. Ning Jizhe, Vice Chairman of CCIEE and Vice Chairman of the Economic Committee of the CPPCC, Zhang Yongjun, Deputy Chief Economist of CCIEE, Li Zezheng, Researcher and Research Director of the Academy of Macroeconomic Research Institute, and Le Jiadong, Chief Analyst of the Real Estate Industry of GF Securities (attending the meeting online) delivered speeches respectively.

The participants believe that since the beginning of this year, China's economy has shown a rebound and a positive trend, achieving a good start in economic operation. However, the growth rate of investment has slowed down, weakening its driving effect on economic growth. We should increase policy support, actively expand investment scale, optimize investment structure, and enhance the endogenous driving force of investment growth.

Ning Jizhe pointed out that we should focus on weak areas and accelerate the construction of key areas, fully leverage the combined role of various investment policies, coordinate the construction of major projects, continuously optimize the investment environment, and further stimulate the vitality of private investment. Zhang Yongjun believes that we should actively expand investment, improve the level of rural infrastructure through work as a means of relief, accelerate the renovation of old residential areas, and improve the facilities of new residential areas. Li Zezheng proposed that a large number of high-quality existing assets in China can be revitalized through real estate investment trusts (REITs) and other means to form a virtuous cycle between assets and funds. Le Jiadong stated that it is necessary to stabilize housing price expectations, form positive feedback on quantity and price, encourage new business models that combine agent construction with central state-owned enterprise capital, and innovate development models.

After the speeches, the participating experts engaged in interactive exchanges with the media. Some researchers and member units of CCIEE, research institutions, enterprises, and news media participated in the conference through online channels.