Core Insights - The recent Central Economic Work Conference outlines the economic work for 2025 and 2026, emphasizing the need to maintain confidence and leverage advantages to address challenges and sustain economic growth [1][2]. Economic Performance and Goals - The economic and social development goals for 2025 are expected to be achieved, with a projected GDP growth of around 5% [2]. - The "14th Five-Year Plan" is nearing completion, with major indicators set to be met despite challenges such as the pandemic [2]. Key Challenges - The economy faces persistent issues, including supply-demand imbalances and risks in key sectors, which are seen as challenges that can be addressed through concerted efforts [2][3]. Five Imperatives for Economic Work - The conference highlighted five essential strategies for economic work: 1. Fully explore economic potential by expanding consumption and investment, and promoting regional development [3]. 2. Combine policy support with reform innovation to address intertwined economic issues [3]. 3. Balance deregulation with effective governance to enhance productivity while maintaining market order [4]. 4. Invest in both physical and human capital to promote comprehensive development [4]. 5. Strengthen internal capabilities to face external challenges and enhance self-innovation [5]. Economic Stability Measures - For 2026, the focus will be on maintaining stable economic growth, ensuring employment and price stability, and promoting income growth alongside economic growth [6]. - A proactive fiscal policy will be implemented, maintaining necessary fiscal deficits and optimizing expenditure structures [6][7]. - A moderately loose monetary policy will be adopted to support economic stability and ensure liquidity [7]. Key Tasks for 2026 - The conference identified eight key tasks for economic work in 2026, including: 1. Prioritizing domestic demand and building a strong domestic market [8]. 2. Accelerating innovation and fostering new growth drivers [8]. 3. Enhancing high-quality development through reform [8]. 4. Promoting cooperation in various fields through openness [8]. 5. Coordinating urban-rural development and regional integration [8]. 6. Leading green transformation with a focus on carbon neutrality [8]. 7. Prioritizing people's livelihoods and addressing practical issues [8]. 8. Managing risks in key areas effectively [9]. Employment and Risk Management - Employment remains a priority, with policies aimed at stabilizing job markets for key demographics [9]. - Measures will be taken to stabilize the real estate market and manage local government debt risks [9].
聚焦中央经济工作会议丨坚定信心用好优势 不断巩固拓展经济稳中向好势头——韩文秀解读中央经济工作会议精神
Xin Hua Wang·2025-12-13 14:25