聚焦中央经济工作会议丨明年我国将实施更加积极有为的宏观政策
Xin Hua Wang·2025-12-11 15:03

Group 1 - The central economic work conference emphasized the implementation of a more proactive macro policy to ensure stable economic operation, continuing with a more active fiscal policy and moderately loose monetary policy [1][2] - The policy direction for next year focuses on maintaining stability while seeking progress, enhancing quality and efficiency, and increasing counter-cyclical and cross-cyclical adjustments to improve macroeconomic governance effectiveness [1] - The conference highlighted the importance of maintaining necessary fiscal deficits, total debt scale, and expenditure levels, indicating a commitment to a proactive fiscal policy that will further enhance the effectiveness of fiscal measures [1] Group 2 - In terms of monetary policy, the conference outlined that promoting stable economic growth and reasonable price recovery will be key considerations, with flexible use of various policy tools such as reserve requirement ratio cuts and interest rate reductions [2] - The arrangements reflect continuity and stability in macro policies, which are beneficial for stabilizing social expectations and boosting market confidence [2] - The focus on financial support for expanding domestic demand, technological innovation, and small and medium-sized enterprises is expected to optimize funding allocation and enhance the internal driving force for high-quality development [2]