政策精准发力护航经济韧性，中国经济向新而行

Group 1 - In 2025, China's economy is expected to achieve stable growth despite external pressures, with a projected annual GDP of approximately 140 trillion yuan, maintaining its position among the world's major economies [1] - International institutions have raised their growth forecasts for China in December, with the IMF and World Bank increasing their predictions by 0.2 and 0.4 percentage points, respectively [1] - The focus for the upcoming "15th Five-Year Plan" includes expanding domestic demand and leveraging technological development as new economic drivers, alongside implementing more proactive fiscal policies [1][2] Group 2 - China's economic resilience is highlighted by two main factors: diversification of trade partners and increased competitiveness of export products, particularly in the context of rising global demand for AI products [2] - The investment in high-tech industries remains robust, driven by breakthroughs in AI and increased government support for the private sector and technological innovation [2] - The government has initiated a comprehensive income increase plan for urban and rural residents, aiming to enhance consumption through fiscal investment and long-term capacity building [3] Group 3 - Predictions for 2026 indicate a rebalancing of China's economy, with a continued focus on expanding domestic demand and promoting innovation, alongside stable growth in consumption [4] - The macroeconomic policy will remain positive, with an emphasis on advanced manufacturing, new infrastructure, and quality consumption supply to support domestic supply-demand balance [5] - The fiscal policy direction for 2026 will align with that of 2025, with a clearer division of responsibilities between central and local governments, focusing on public welfare projects and emerging industries [6]