定信心用好优势 不断巩固拓展经济稳中向好势头

Core Viewpoint - The recent Central Economic Work Conference outlines the economic work for 2025 and 2026, emphasizing the need to maintain confidence, leverage advantages, and address challenges to ensure a stable and improving economic momentum [1][2]. Economic Performance and Goals - The major expected goals for economic and social development in 2025 are on track to be achieved, with a projected GDP growth of around 5% year-on-year, positioning China as the largest engine of global economic growth [2][3]. - The "14th Five-Year Plan" is nearing completion, with 20 key indicators expected to be met, showcasing resilience and vitality in the face of challenges such as the pandemic [2][3]. Key Insights from the "Five Musts" - The conference highlighted five essential principles for economic work: 1. Fully explore economic potential by expanding consumption, investment, and fostering innovation [3]. 2. Combine policy support with reform and innovation to address intertwined economic issues [3]. 3. Balance deregulation with effective governance to enhance productivity while maintaining market order [4]. 4. Integrate investments in physical and human capital to promote overall development and welfare [4]. 5. Strengthen internal capabilities to face external challenges and enhance self-reliance in the economy [4]. Economic Work for 2026 - The economic work for 2026 will focus on stability and quality improvement, with an emphasis on maintaining employment and price stability, and promoting synchronized growth of residents' income and the economy [5][6]. - A proactive fiscal policy will be implemented, ensuring sustainable fiscal practices while optimizing expenditure structures to support strategic national initiatives [5][6]. Eight Key Tasks for Economic Work - The conference identified eight key tasks for economic work in 2026: 1. Prioritize domestic demand and build a strong domestic market. 2. Accelerate innovation-driven growth. 3. Enhance reform efforts to boost high-quality development. 4. Promote open cooperation in various fields. 5. Foster coordinated development between urban and rural areas. 6. Lead with dual carbon goals for comprehensive green transformation. 7. Focus on improving people's livelihoods. 8. Safeguard against risks in key areas [7][8]. Employment and Risk Management - Employment is highlighted as a fundamental aspect of people's livelihoods, with a focus on stabilizing job opportunities for key groups such as graduates and migrant workers [8]. - Measures will be taken to stabilize the real estate market and manage local government debt risks, ensuring that systemic risks are avoided [8][9].