国家发改委:研究设立国家级并购基金，加强政府投资基金布局规划和投向指导

Core Viewpoint - The Chinese government is focusing on addressing the imbalance between strong supply and weak demand in the economy, aiming to promote a dynamic balance and a virtuous cycle between supply and demand through macroeconomic policies and reforms [2][4][22]. Group 1: Macroeconomic Policy - The macroeconomic policy will emphasize strengthening domestic circulation and expanding domestic demand, adapting to the trend of demand upgrading and aligning with the new round of technological revolution and industrial transformation [2][4]. - The government will implement a strategic plan for expanding domestic demand from 2026 to 2030, focusing on innovation measures and resource guarantees to stimulate new supply and demand [2][4]. Group 2: Economic Structure and Growth Potential - In 2026, China's economic structure is expected to continue improving, with new growth drivers emerging from sectors like new energy, aerospace, and artificial intelligence, which are anticipated to significantly contribute to economic growth [5][6]. - The digital economy is projected to reach a value of 49 trillion yuan by 2025, accounting for approximately 35% of GDP, indicating substantial market potential [6]. Group 3: Investment and Consumption Policies - The "Two New" policy has shown significant results since its implementation, with over 3.6 billion people benefiting from consumption subsidies, leading to a retail sales increase of 0.6 percentage points [10][11]. - The government plans to enhance the effectiveness of the "Two New" policy by optimizing support ranges and subsidy standards, aiming to further stimulate investment and consumption [11]. Group 4: Unified National Market - The construction of a unified national market is a key focus, with significant progress made in enhancing market infrastructure and reducing transaction costs, as evidenced by increased inter-provincial trade sales [18][19]. - Future efforts will include establishing regulations and mechanisms to support the unified market, ensuring fair competition and resource optimization across regions [19][20]. Group 5: Consumer Income and Demand - The government aims to boost consumer income as a critical factor in enhancing domestic demand, with strategies including job stability and income growth plans [22][23]. - The focus will be on integrating investment in physical and human capital to enhance overall economic growth and consumer spending [24].