稳中求进总基调不变，中央经济工作会议重提“跨周期”

Core Viewpoint - The Central Economic Work Conference emphasizes the need for China to maintain a stable yet progressive economic approach, focusing on high-quality development and effective policy implementation as it transitions into the 15th Five-Year Plan [2][5][16]. Economic Context - The past five years have seen China effectively navigate various challenges, achieving significant accomplishments as it approaches the end of the 14th Five-Year Plan, setting a solid foundation for the 15th Five-Year Plan [4][15]. - Despite achievements, challenges remain, including external economic uncertainties and internal structural issues that need to be addressed for sustainable growth [4][15]. Policy Directions - The conference highlighted the importance of enhancing macroeconomic policy consistency and effectiveness, advocating for a combination of supportive policies and reform innovations [6][17]. - A more proactive fiscal policy is proposed, with a focus on maintaining necessary fiscal deficits and optimizing expenditure structures, while addressing local fiscal difficulties [6][17]. Key Tasks for 2026 - Eight key tasks were identified for the upcoming year, including: 1. Strengthening domestic demand and building a robust domestic market 2. Accelerating innovation to foster new growth drivers 3. Promoting reforms to enhance high-quality development 4. Expanding international cooperation 5. Coordinating urban-rural integration and regional development 6. Leading green transformation in line with carbon neutrality goals 7. Prioritizing public welfare and improving services for citizens 8. Safeguarding against risks in key sectors [7][18]. Focus on Consumption - Consumption is prioritized as a key component of domestic demand, with policies aimed at enhancing consumer capacity, expanding the supply of quality goods and services, and removing unreasonable restrictions in the consumption sector [8][19]. Innovation and Technology - Innovation is positioned as a core driver for high-quality development, with a focus on nurturing new industries and enhancing competitiveness through technological advancements [10][21]. - The conference calls for targeted development in key sectors such as artificial intelligence, digital trade, and green technologies to create a favorable policy environment for industry growth [9][20].