National Bureau of Statistics: Continued optimization of the structure of fixed asset investment.

On June 16th, Fu Linghui, spokesperson of the National Bureau of Statistics, Chief Economist, and Director of the Comprehensive Statistics Department of the National Economic, stated at a press conference of the State Council Information Office that the further expansion of the decline in investment growth from January to May was partly due to the impact of high temperatures and heavy rainfall in some areas. It also reflects the transformation of old and new driving forces, with investment shifting from quantity expansion to quality improvement. Despite the decline in investment growth, under the continuous efforts of policies, innovation leadership, and enhanced social welfare, the investment structure continues to optimize and play an irreplaceable role in strengthening the foundation, promoting transformation, and benefiting people's livelihoods. Infrastructure investment is steadily increasing, investment in emerging industries is growing rapidly, and investment in livelihood areas continues to strengthen. Fu Linghui stated that in the next stage, China's investment space remains vast, with investments needed to support the construction of new urbanization, promote rural revitalization, develop new quality productive forces, and enhance public services. It is necessary to leverage the guiding role of government investment, stimulate the vitality of private investment, firmly combine investment in things and investment in people, focus more on optimizing and improving investment structure and efficiency, and better play the important role of effective investment in promoting high-quality development.