朱光耀:看懂宏观经济政策的“积极有为” 推动物价合理温和回升极具战略意义
Zhong Guo Jing Ji Wang·2025-12-18 06:46

Group 1 - The core viewpoint of the article emphasizes the need for a more proactive macroeconomic policy to address current economic challenges, highlighting the importance of both fiscal and monetary policies in achieving stability and growth [1][2] - The fiscal policy is set to include a deficit rate of around 4% by 2025, with local special bond issuance of 4.4 trillion yuan, along with 1.3 trillion yuan in ultra-long special government bonds and 500 billion yuan in special bonds, providing a solid foundation for effective policy implementation [1] - The monetary policy aims to address price stability, with a focus on guiding inflation towards a reasonable range of around 2%, as current CPI is slightly above 0 and PPI has been negative for 38 consecutive months, negatively impacting macroeconomic operations and corporate profits [2] Group 2 - The article discusses the strategic significance of promoting a moderate recovery in prices as a key task of current monetary policy, which is crucial for stabilizing economic growth and fiscal revenues [2] - The concept of "counter-cyclical" and "cross-cyclical" regulation is introduced, emphasizing the need for a combination of short-term and long-term strategies to address immediate issues while planning for future development [2]