学习贯彻党的二十届四中全会精神 | 信心比黄金更重要：以政策导向确定性破解市场不确定性

Core Viewpoint - The article emphasizes the importance of expectation management in stabilizing economic performance and resource allocation efficiency, highlighting the need for a systematic framework to manage expectations through clear and consistent macroeconomic policies [1][2]. Group 1: Economic Performance and Policy Direction - In 2025, China's economy is expected to reach a total of 140 trillion yuan, achieving a growth target of around 5%, demonstrating strong resilience amid various pressures [2]. - Key drivers for high-quality economic development include cultivating new productive forces, implementing strategies to expand domestic demand, promoting high-level opening-up, and ensuring risk prevention [2][3]. Group 2: Challenges in Expectation Management - Current challenges in expectation management include "policy transmission blockages" and unresolved structural issues, with a notable disparity between policy enthusiasm and market response [3]. - There is insufficient certainty in the livelihood sector, with ongoing issues in education and healthcare resource distribution, and a continuing downward trend in the real estate market [3]. Group 3: Policy Recommendations - Strengthening policy coordination is essential to stabilize expectations, with fiscal policies needing to focus on core areas such as social welfare, domestic demand expansion, and technological innovation [4]. - The expansion of domestic demand is prioritized, emphasizing the need to stabilize income expectations to enhance consumer confidence and spending [5]. - Innovation is highlighted as a key driver, with increased investment in technology and support for advanced manufacturing and green transformation [6]. Group 4: Social Welfare and Public Sentiment - Enhancing social welfare is crucial for solidifying public expectations, with a focus on expanding access to quality education and healthcare, and improving pension systems [6]. - The article concludes that confidence is more important than gold, and stable expectations are vital for economic vitality and development [6].