Zheng Quan Ri Bao·2025-12-12 16:25Core Insights - The Central Economic Work Conference held on December 10-11, 2025, highlighted the core contradiction of "strong supply but weak demand," indicating a future focus on policies that stimulate demand and optimize supply [1] Group 1: Economic Potential and Policy Focus - The conference emphasized the need to fully tap into economic potential, combining policy support with reform and innovation, ensuring both flexibility and effective management [1] - Five essential strategies were outlined to support long-term economic growth, including the development of new productive forces, a vibrant unified national market, and macro policies that address both short-term issues and long-term space [1] Group 2: Innovation and New Momentum - The conference underscored the importance of innovation-driven growth and the cultivation of new momentum, with specific measures targeting education, international technology innovation centers, intellectual property protection, and the enhancement of service industries [2] - The definition of "new momentum" has broadened to encompass not only technology but also the institutional, industrial, social governance, financial, and service sector upgrades driven by technology [2] Group 3: Support for Industries - Three key directions were identified for supporting strategic emerging industries and upgrading traditional industries: 1. Promoting a dual approach of private investment and fiscal support, leveraging tools like special government bonds and encouraging private sector involvement [3] 2. Driving industrial upgrades through demand-side initiatives, including government procurement of major technological equipment and encouraging innovation in smart and green products [3] 3. Enhancing financial support for technological innovation and industrial upgrades, with reforms in capital markets to better serve "hard tech" companies and provide comprehensive financing support [3]