扩大内需，内生增长质更高（连线评论员）

Core Viewpoint - The emphasis on expanding domestic demand is not a temporary measure but a strategic initiative crucial for economic stability and security [1] Group 1: Investment Dynamics - Investment in traditional sectors is weakening, while high-tech industries are experiencing rapid growth, indicating a shift in investment dynamics [1] - There is significant potential for investment in areas such as technological innovation, industrial upgrades, urban renewal, rural infrastructure, and public services, as the per capita capital stock level remains relatively low [1] - The government aims to optimize investment structure by increasing investment in human resources, public welfare projects, and sectors aligned with consumption upgrades, such as technology and low-carbon transition [2] Group 2: Consumer Spending - Service retail sales have shown a year-on-year growth of 5.4% in the first 11 months, indicating a positive trend in consumption [1] - The government plans to implement measures to increase residents' income and boost consumption, which is expected to further release consumption potential [1] - The current consumer spending rate in China is 39.9%, which is still 10-30 percentage points lower than that of developed countries, particularly in the service consumption sector [2] Group 3: Structural Reforms - To stimulate private investment, it is essential to create a fair competitive market environment and address barriers that hinder private sector participation in major projects [2] - The government should enhance public service spending, especially in education and health, to support the transition from survival-type to development-type consumption as GDP per capita exceeds $13,000 [2] - A comprehensive internal demand system needs to be established by addressing deep-seated issues related to insufficient demand and weak consumption, promoting a growth model driven by internal demand and consumption [4]