多位专家认为财政货币政策空间充足 “十五五”时期经济增长蕴含多重机遇

Core Insights - The "14th Five-Year Plan" period presents multiple opportunities for China's economic growth, driven by deep urbanization, frontier innovation, and the construction of a modern industrial system [1][2] - Experts emphasize the importance of activating diverse growth drivers and enhancing potential growth levels through structural reforms and technological advancements [2][4] Group 1: Economic Growth Opportunities - The construction of a modern industrial system, strong domestic market, and technological innovation are expected to create significant investment scales during the "14th Five-Year Plan" period, which will boost economic growth in 2026 [3] - The emergence of new enterprises, exemplified by DeepSeek, is anticipated to lead future growth, alongside deep urbanization and consumption upgrades [2][3] Group 2: Policy Support and Financial Environment - There is ample room for fiscal and monetary policy adjustments, with a focus on addressing fundamental issues to enhance terminal demand [5][6] - Recent macroeconomic policy adjustments have shown positive effects, including asset price recovery and improved corporate balance sheets, indicating a supportive environment for growth [4][5] Group 3: Consumer Demand and Structural Reforms - Expanding consumption requires addressing the low structural proportion of terminal consumption, with policy funds directed towards increasing income for low- and middle-income groups [6] - Recommendations include reallocating state-owned equity capital to social security funds and enhancing rural residents' property income through unified land management [6] Group 4: Capital Market Development - Developing the capital market is highlighted as a key focus for the "14th Five-Year Plan," with emphasis on integrating investment and financing, enhancing derivative markets, and improving listed companies' value management [7]