明年将如何提高居民收入、扩内需，中央财办详解中央经济工作会议

Core Viewpoint - The central economic work meeting emphasizes a positive outlook for China's economy, projecting a growth rate of around 5% for 2025, with the total economic output expected to reach approximately 140 trillion yuan [1] Group 1: Macroeconomic Policies - China will continue to implement more proactive fiscal and monetary policies in 2026, maintaining necessary fiscal deficits and debt levels while optimizing fiscal expenditure structures [2] - The total government bond issuance for 2025 is projected to be 11.86 trillion yuan, with a deficit rate expected to rise to around 4% [2][3] - Monetary policy will focus on maintaining liquidity and supporting economic growth, with tools such as interest rate cuts and reserve requirement ratio adjustments being utilized flexibly [3][4] Group 2: Income and Employment - A series of measures to promote income growth and stabilize employment are expected in 2026, including the implementation of a plan to increase urban and rural residents' income [5][6] - The government aims to enhance the basic pension for residents and improve consumption capacity, with a focus on ensuring that income growth aligns with economic growth [6][8] Group 3: Consumption and Investment - Expanding domestic demand is a top priority for 2026, with a shift from goods consumption to a balanced focus on both goods and service consumption [9] - Investment is expected to stabilize, with a focus on infrastructure and social welfare projects, while also encouraging private investment in high-tech and service sectors [10][11][12] - The government plans to enhance investment in areas such as urban renewal, healthcare, and childcare, while also leveraging government funds to stimulate private sector investment [11][12]