部委工作会议勾勒2026年四条政策主线

Group 1: Expansion of Domestic Demand - The key focus for 2026 is to expand domestic demand to facilitate economic recovery, with measures including boosting consumer spending and stabilizing investment [2] - The national fiscal work conference emphasizes significant efforts to enhance consumption through various initiatives, including optimizing personal consumption loan policies and supporting new consumption models [2] - The introduction of the "Two New" policy aims to optimize support scope, subsidy standards, and implementation mechanisms, with smart glasses included in the subsidy range for the first time [2] Group 2: Promotion of High-Quality Industrial Development - The emphasis is on intelligent, green, and integrated development to enhance industrial quality, with actions to improve industrial chain resilience and safety [3] - The focus includes nurturing emerging industries and future industries, with significant investments expected in artificial intelligence as a key driver for manufacturing investment in 2026 [3] - The energy work conference aims to increase the share of renewable energy, with plans to add over 20 million kilowatts of wind and solar power capacity [3][4] Group 3: Nationwide Unified Market Construction - The strategy includes addressing "involution" in competition, with measures to curb low-quality competition and promote fair competition [5] - The approach to "involution" will differ from previous supply-side reforms, focusing on high-quality optimization and using market-oriented methods to stabilize prices [6] - The development of a unified national market is seen as crucial, balancing effective market mechanisms with proactive government involvement [6] Group 4: Stabilization of the Real Estate Market - The central economic work conference emphasizes stabilizing the real estate market, with specific strategies for controlling supply and optimizing housing quality [7] - The People's Bank of China is monitoring the real estate market closely, with plans to enhance financial management and support for affordable housing [7] - Recent policy adjustments in Beijing signal the start of a new cycle of policy optimization, potentially influencing other major cities to follow suit [8]