张军扩：加快形成与新阶段相适应的城乡建设和房地产发展新模式

Core Viewpoint - The current market faces insufficient demand, characterized by strong supply and weak demand, leading to price weakness. Effective release of consumer demand potential requires both short-term and long-term strategies to address structural issues [1][6]. Group 1: Demand and Consumption - Structural reasons for insufficient demand include a long-term low consumption rate, estimated to be 10% to 20% below potential. This presents both a challenge and an opportunity for expanding domestic demand [2][7]. - The transition in consumer behavior from goods-oriented consumption to a balance of goods and services requires adjustments in economic structure and development methods, necessitating both government and market involvement [1][6]. Group 2: Policy Recommendations - To stimulate consumption, policies should focus on counter-cyclical measures that optimize the support structure for goods consumption while enhancing support for service consumption. This includes increasing subsidies for education, healthcare, and other essential services to boost consumer willingness and capacity [3][8]. - Implementing a plan to increase residents' income and improving social security for low-income groups are crucial for enhancing consumer confidence and security [3][8]. Group 3: Investment Opportunities - There remains significant potential for investment, which should be supported by systemic and policy innovations. While consumer demand is essential for economic growth, investment should not be neglected [4][9]. - Key areas for investment during the "14th Five-Year Plan" include developing new urban and real estate models and boosting private and foreign investment through improved business environments and regulatory reforms [4][9].