“两新”加力促内需

Core Viewpoint - The Central Economic Work Conference has outlined eight key tasks for 2026, with a focus on "domestic demand as the main driver, building a strong domestic market" as the top priority [1] Group 1: Policy Implementation - The conference emphasizes enhancing consumption capacity, willingness, and optimizing the consumption environment through systematic deployment [1] - A significant decision was made to "promote a new round of large-scale equipment updates and the replacement of consumer goods" at the fourth meeting of the Central Financial Committee in early 2024 [1] - The State Council issued an action plan to promote large-scale equipment updates and consumer goods replacement, providing comprehensive deployment for the "two new" policies [1] Group 2: Financial Support - Multiple ministries jointly issued measures to support large-scale equipment updates and consumer goods replacement, specifying the allocation of 300 billion yuan in ultra-long-term special government bond funds to support the full implementation of the "two new" policies [1] Group 3: Consumer Policy - The "14th Five-Year Plan" further suggests increasing the intensity of inclusive policies directly reaching consumers, providing institutional guarantees for boosting consumption [1] - The support for the "two new" policies is gradually increasing, with a widening coverage and continuous enhancement of leverage effects [1]