重磅会议将定调明年经济 稳增长政策料持续发力

Core Viewpoint - The upcoming Central Economic Work Conference is expected to reinforce "stabilizing growth" policies, laying a foundation for high-quality development during the 14th Five-Year Plan period [1] Group 1: Macroeconomic Policy Coordination - "Stabilizing growth" will play a central role in the 2026 economic work, with expectations for a series of macroeconomic policies to ensure economic operation within a reasonable range [2] - Fiscal policy is anticipated to be more proactive, with higher deficit rates and the continuation of issuing long-term special bonds to stabilize the economy and employment [2] - Monetary policy is expected to remain moderately loose, with potential reductions in reserve requirements and interest rates to lower financing costs for the real economy [2] Group 2: Expanding Domestic Demand - The release of domestic market potential is crucial, with a shift towards stimulating innovation and consumption to create a favorable environment for entrepreneurship [3] - Fiscal support for consumption is likely to expand, focusing on both durable goods and general consumer goods, with an emphasis on service consumption [3] - Investment in equipment upgrades is expected to increase, targeting effective investments in technology innovation and manufacturing upgrades [3] Group 3: Accelerating New Momentum Cultivation - China is at a critical stage of growth momentum transition, requiring new growth paths amid weakening traditional drivers [4] - The World Intellectual Property Organization's report indicates that China has entered the global top ten in innovation index, providing a solid foundation for technology industrialization [4] - Future policies will focus on strengthening basic research and key technology breakthroughs, with an emphasis on strategic emerging industries such as new energy and aerospace [4][5]