Core Viewpoint - The central theme of the discussion emphasizes the need for a combination of investments in physical assets and human capital to stabilize and promote investment recovery, alongside the establishment of a long-term government debt management mechanism that aligns with high-quality development [1][3]. Group 1: Fiscal Policy Recommendations - The recommendation for a more proactive fiscal policy includes maintaining necessary overall strength while continuously optimizing structural direction [3]. - The approach advocates for a synergistic effort between "investment in physical assets" and "investment in human capital" to solidify the foundation for economic recovery [3]. Group 2: Government Debt Management - Debt management should not merely focus on reduction but rather on scientific management to align debt scale with the demands of promoting high-quality development and modern industrial system construction [3]. - Key strategies for effective debt management include: 1. Establishing a cross-cycle medium-term budget framework to break free from annual balance constraints [3]. 2. Strengthening the efficient coordination between fiscal and monetary policies to enhance the transmission mechanism of monetary policy [3]. 3. Optimizing the structure of central and local government debts [3]. 4. Improving the management of special bond usage to stimulate effective investment vitality through multiple measures [3].
中央财经大学校长马海涛:坚持投资于物和投资于人紧密结合 推动投资止跌回稳
Sou Hu Cai Jing·2026-01-10 07:43