国家统计局原局长邱晓华谈下一步破局关键：需有效对冲房地产投资下降带来的影响

Core Viewpoint - The 2025 economic outlook for China is positive, with a projected growth target of around 5% for the year, supported by effective macroeconomic policies, strong export performance, and enhanced domestic market resilience [3][7]. Group 1: Economic Support Factors - Three main factors are identified as supporting the achievement of the economic target: 1. Proactive fiscal policies, moderately loose monetary policies, and supportive consumption and investment policies [3][7]. 2. Exports have performed better than expected [3][7]. 3. The resilience of the domestic market has increased [3][7]. Group 2: Economic Challenges - Two significant issues currently facing the economy are: 1. Persistently low price levels, with both production and consumer prices not returning to normal, which constrains investment, consumption, and corporate profitability [3][7]. 2. Insufficient domestic effective demand, with investment demand experiencing its first negative growth in over 40 years, showing a decline of approximately 2% from January to November, primarily due to a double-digit decrease in real estate investment, which accounts for one-third of total investment [3][7]. Group 3: Future Focus - Addressing the impact of declining real estate investment will be a key focus moving forward [4][8].