实施居民增收计划，不只为了促消费

Core Viewpoint - The central economic work conference emphasizes the importance of expanding domestic demand and enhancing residents' income as a strategic priority for 2026, marking a shift from short-term consumption stimulation to a long-term strategy focused on income improvement and supply optimization [4][5][10]. Group 1: Domestic Demand Expansion - Expanding domestic demand has been a primary task for two consecutive years, reflecting a strategic shift to reduce reliance on external demand due to a complex global environment [4][5]. - China's foreign trade dependence has decreased from nearly 70% in 2006 to about 30% recently, indicating a need to focus more on domestic economic development [4]. - The current economic challenges include insufficient domestic effective demand, necessitating simultaneous efforts on both supply and demand sides to enhance consumption [4][6]. Group 2: Income Growth and Consumption - The introduction of the "Urban and Rural Residents' Income Growth Plan" signifies a transition from merely stimulating consumption to systematically improving income structures, aiming to create a sustainable economic momentum [5][10]. - The focus on enhancing consumption capabilities indicates a shift from short-term promotional strategies to long-term structural improvements in income [5][10]. - The plan aims to synchronize income growth with economic development, ensuring that labor remuneration increases alongside productivity [8]. Group 3: Investment and Policy Framework - The conference outlines a systematic policy framework centered on consumption and investment, with a focus on enhancing the quality of supply and optimizing the consumption environment [6][9]. - Government investment is expected to play a crucial role in stabilizing and stimulating private investment, with an emphasis on major national strategies and urban renewal projects [7][9]. - Future measures will likely include support for employment, wage increases, and enhancing farmers' income, alongside reducing burdens on households through optimized public spending [8][9]. Group 4: Financial Policy and Support - The monetary policy will prioritize guiding funds towards key areas such as technological innovation, green development, and consumption, reflecting a commitment to expanding domestic demand [10]. - Fiscal policies are anticipated to maintain necessary expenditure levels, with a projected fiscal deficit rate for 2026 not lower than 4% of GDP, supporting consumption-related sectors [9][10]. - The overall policy logic aims to enhance consumption capacity and optimize economic circulation, addressing current consumption weaknesses while laying the groundwork for a more robust domestic market in the long term [10][11].