This year's government work report proposes to actively expand effective investment and calls for "leveraging the driving and amplifying effects of government investment". The plan report proposes that government investment should be planned to open up new investment directions. Industry experts said that, on the whole, this year's investment funds were abundant, and the central budget investment and special bond funds were arranged higher than last year. In addition, extra long term special treasury bond would be issued. From the perspective of investment direction, more funds will be used to support major national strategies, promote industrial structure upgrading, benefit people's livelihoods, and make up for shortcomings. Frontier technology, new infrastructure, and various equipment updates and renovations, including municipal infrastructure, will become the focus of investment this year. Recently, local governments have held intensive meetings to plan and declare ultra long term special treasury bond projects. According to the ultra long term special treasury bond project packaging planning meeting held recently in Yuanping City, Shanxi Province, it is necessary to focus on key directions such as major livelihood, urban construction and industrial development, focus on key areas of policy support, and ensure that more projects are included in the big "plate". The Changchun High tech Zone held a meeting and said that it should focus on the investment of ultra long term treasury bond and go all out to plan projects. The government work report clearly stated that in order to systematically solve the funding problem of some major projects in the process of building a strong country and national rejuvenation, it is planned to issue ultra long term special treasury bond for several consecutive years starting this year, which will be specifically used for the implementation of major national strategies and security capacity building in key areas. This year, 1 trillion yuan will be issued first. "The issuance and use of ultra long term special treasury bond is a major policy measure, and expanding effective investment is an important task," said Zheng Jiejie, director of the National Development and Reform Commission. It is reported that the National Development and Reform Commission is working closely with relevant parties to formulate and form an action plan. In addition to the ultra long term special treasury bond, this year's central budget investment and new local government special bonds have increased compared with last year. Among them, a central budget investment of 700 billion yuan will be arranged in 2024, an increase of 20 billion yuan from 2023; The special bonds are planned to be arranged at 3.9 trillion yuan, which is higher than last year's 100 billion yuan. Most of the additional treasury bond issued last year were also used this year, and the government investment scale increased significantly compared with last year. Wang Qing, Chief Macro Analyst of Dongfang Jincheng, stated that, taking into account various factors, the scale of government investment this year will increase by more than 1.5 trillion yuan compared to last year. This is the main connotation of this year's moderate increase in fiscal policy, which will provide more abundant financial support for investment to continue to maintain rapid growth and stable macroeconomic operation. "These funds, on the one hand, provide important support for various effective investments, and on the other hand, have a strong leverage effect on social funds. The government work report requires the coordinated use of various funds, the implementation of new mechanisms for cooperation between the government and social capital, and the encouragement of private capital to participate in major project construction. Driven by the government's expansion of capital investment, the participation enthusiasm and strength of social capital, mainly private capital, will also be further enhanced, thereby providing more financial support for effective investments." said Luo Huanjie, a researcher at Guangkai Chief Industrial Research Institute. What areas will incremental funds be invested in? The reporter learned that this year, while the government's investment is "expanding", it will also "improving quality", and the investment direction will be more precise, increasing support for filling gaps, strengthening weak areas, and cultivating new driving forces. According to the government work report, the focus will be on "key areas"