8个“新”字，看2026年经济工作怎么干

Core Insights - The central economic work conference emphasized the importance of high-quality economic development and maintaining a stable yet progressive policy approach for the upcoming year [1][6]. Economic Analysis - The conference introduced five key principles for addressing the current economic situation: fully tapping economic potential, balancing policy support with reform innovation, ensuring effective management alongside flexibility, integrating investments in physical and human capital, and honing internal capabilities to face external challenges [2][4]. - The Chinese economy is transitioning into a phase dominated by stock economy, facing challenges such as external environmental changes and domestic supply-demand imbalances, yet the long-term positive trends remain intact [4][6]. Development Trends - The conference outlined the need for a new development model in real estate, focusing on stabilizing the market and encouraging the acquisition of existing properties for affordable housing [14][15]. - The emphasis on "new" concepts indicates a shift towards innovative approaches in various sectors, including the establishment of international technology innovation centers in key regions [10][11]. Policy Requirements - The conference highlighted the necessity of optimizing the "Two New" policies aimed at expanding domestic demand and promoting consumption upgrades, which have already shown significant results in driving consumer spending [8][9]. - The goal for GDP growth in 2026 is set at around 5%, supported by favorable internal and external conditions, including improved international relations and effective investment policies [6][7]. Debt Management - The conference reiterated the commitment to actively and orderly resolve local government debt risks, with a target to reduce hidden debts significantly by the end of 2024 [16][17].