再见2025，你好2026丨财经早察

Group 1 - The core viewpoint emphasizes that understanding the Chinese economy requires looking beyond GDP growth, focusing on five key themes that will shape the economy leading into 2026 [1][2][3][4][5] Group 2 - Keyword 1: Artificial Intelligence - AI is seen as a transformative technology that will enhance efficiency across various industries, creating a complete industrial ecosystem from computing power to applications [1] - Keyword 2: Expanding Domestic Demand - Policies will focus on improving consumer willingness and capacity by addressing the entire production-distribution-保障 chain, making income stability and comprehensive security a priority [2] - Keyword 3: Investment in People - The shift from "investment in material" to "investment in people" highlights the importance of enhancing income, social security, education, and healthcare, positioning human capital as a critical asset for future growth [3] - Keyword 4: Countering "Involution" Competition - The government aims to eliminate low-level repetitive competition that harms profits and innovation, focusing instead on efficiency and value creation as part of a structural adjustment in supply [4] - Keyword 5: Quality Housing - The focus in real estate is shifting from mere availability to the quality of housing, emphasizing safety, energy efficiency, and livability, thus returning to the fundamental residential attributes of real estate [5]