滕泰建言扩消费：发放万亿级消费补贴，提升农村老年人养老金

Core Viewpoint - The forum emphasizes the need for unconventional measures to achieve a reasonable annual consumption growth target of 6% during the "14th Five-Year Plan" period, including substantial consumption subsidies and the transfer of state-owned equity to social security funds [2][3][4]. Group 1: Consumption Growth Strategies - The proposal includes issuing over 1 trillion yuan in consumption subsidies, which could significantly boost total demand and GDP growth by 2-3 percentage points [3][4]. - A transfer of 10 trillion yuan of state-owned equity to social security funds is suggested to enhance pension levels for low-income groups, thereby increasing their consumption capacity [4]. - The potential wealth effect from capital market expansion is highlighted, with a projection that the market value could reach 200-250 trillion yuan by 2030, supporting increased consumer spending [4]. Group 2: Current Economic Challenges - The current economic issue is identified as severe over-investment, with many projects yielding no effective output, as evidenced by fixed asset investments exceeding local GDP in 14 provinces [2]. - A shift towards accepting lower investment growth rates is recommended, focusing on effective investments in areas like artificial intelligence while reducing inefficient investments [2][3].