Core Viewpoint - The Chinese government plans to implement a more proactive fiscal policy in 2026, focusing on expanding fiscal expenditure, optimizing spending structure, and enhancing policy precision to support economic growth and ensure a strong start to the "14th Five-Year Plan" [1] Group 1: Domestic Demand and Consumption - The domestic market has significant potential, and fiscal policy will play an active role in expanding domestic demand and facilitating economic circulation [2] - In 2026, there will be a strong emphasis on boosting consumption through special actions, including funding support for consumer goods replacement programs and optimizing personal consumption loan interest subsidies [2] - Fiscal investments will target both infrastructure and human capital to alleviate concerns and unleash consumer potential, with a focus on long-term special government bonds to support major projects [2] Group 2: Technological and Industrial Innovation - The government aims to strengthen the integration of technological and industrial innovation, increasing fiscal investment in technology and enhancing the management of technology funding [3] - There will be a focus on supporting enterprises in technological innovation and promoting the transformation and application of technological achievements [3] - The implementation of high-quality development actions for key manufacturing industry chains will be prioritized to build a modern industrial system [3] Group 3: Social Welfare and Regional Development - Strengthening basic social welfare and increasing residents' income through various fiscal measures will be a priority in 2026 [4] - There will be increased fiscal investment in education and healthcare to improve service levels and social security systems [4] - The government will promote urban-rural integration and regional coordination, supporting rural revitalization and new urbanization initiatives while ensuring public services are accessible [4]
财政政策如何继续“更加积极”
Ren Min Ri Bao·2025-12-29 05:23