“十五五”开局之年，“活力中国”再启航！

Core Viewpoint - The central economic work conference has set the tone for 2026 economic work with a focus on "stability while seeking progress, improving quality and efficiency" and prioritized the construction of a strong domestic market as the first task for next year [1][4]. Group 1: Domestic Demand and Economic Growth - Domestic demand has contributed an average of 86.4% to China's economic growth over the past four years, serving as a main driving force and stabilizing anchor [3][4]. - In the first three quarters of this year, final consumption expenditure contributed 53.5% to economic growth, an increase of 9 percentage points compared to the previous year [8]. Group 2: Consumption and Service Sector - The central economic work conference proposed to implement special actions to boost consumption in 2026, aiming to expand the supply of quality goods and services and optimize policies related to "two new" initiatives [12]. - There is a need to encourage consumption in the service sector, which has not grown as robustly as manufacturing, by increasing investment in service-related consumption [10]. Group 3: Income Growth Initiatives - The conference introduced a new initiative to "formulate and implement a plan for increasing urban and rural residents' income," expanding the focus from low-income groups to all urban and rural residents [13][15]. - Achieving income growth for residents requires a multi-faceted approach, including improving wages through initial distribution and enhancing social security and transfer payments for better redistribution [16].