发挥政策合力促物价合理回升

Group 1 - The central economic work conference emphasizes the importance of promoting stable economic growth and reasonable price recovery as key considerations for monetary policy [1] - The current low price levels in China reflect a supply-demand imbalance, with strong supply and weak demand due to economic structural transformation and adjustments in the real estate market [1][2] - New growth drivers such as technological innovation and green development are emerging, but they are not yet sufficient to fill the gap left by the slowdown in traditional investment [1][2] Group 2 - The long-term positive trend of China's economy remains unchanged, supported by proactive macro policies and improved market conditions [2] - Key price indicators are showing signs of stabilization and recovery, with the core consumer price index rising over 1% year-on-year and the industrial producer price index showing reduced declines [2] - The transition to high-quality development is causing short-term disruptions in supply-demand relationships and prices, but this is beneficial for long-term economic growth [2] Group 3 - The promotion of reasonable price recovery requires a combination of macro policies, maintaining consistency in policy orientation, and supporting government bond issuance [3] - Future macroeconomic adjustments should shift from an investment-driven model to one focused on consumption and improving livelihoods [3] - Supply-side reforms should aim to create a unified national market and improve supply structure, while demand-side policies should enhance fiscal spending towards social welfare and low-income groups [3]