How can the Chinese local governments attract investments under New Normal? The measures in the past, like cost reduction and a variety of large-scale concessions of the extensive investment are no longer applicable. Huang Qifan, the ex-Mayor of Chongqing summed up several ways: First, attracting the investments based on the industry chain; second; adapting to the allocation of resource market; third, utilizing government financing to attract investment; fourth providing preferential policies for major projects: fifth, direct acquisition of enterprises; sixth, optimizing the investment environment; seventh, fighting for national policy. Developing local economy and attracting investments under China's New Normal is a complex system work; under the context of the transformation and upgrading, local governments need to seek for ideas and innovation for breakthrough in investment from the systematic perspective.