扩内需战略实施方案将出台，正研究制定居民增收计划

Core Insights - The Chinese government emphasizes "increasing residents' income" and "investing in people" as key strategies to expand domestic demand and stabilize economic growth [1][2][3] Group 1: Policy Initiatives - The National Development and Reform Commission (NDRC) plans to implement a strategic plan for expanding domestic demand from 2026 to 2030, focusing on creating an economy driven by domestic demand and consumption [1][3] - The Ministry of Finance has announced six policies aimed at stimulating private investment and promoting consumer spending, with sufficient budgetary arrangements made for these initiatives in 2026 [1][8] - The "Two New" policy, which promotes equipment upgrades and trade-in programs, is expected to significantly boost consumer spending and investment, with over 3.6 billion people expected to benefit from these initiatives by 2025 [6][10] Group 2: Economic Growth Projections - China's economy is projected to grow by 5% in 2025, with a total economic output surpassing 140 trillion yuan, contributing approximately 30% to global economic growth [3] - The government aims to enhance the effectiveness of investments by focusing on both material and human capital, with a commitment to improving the quality of government investments in public welfare projects [9][10] Group 3: Consumer Confidence and Investment - Increasing residents' income and enhancing consumer confidence are identified as critical factors for boosting consumption [2][3] - The government is working on a plan to increase urban and rural residents' income, which is expected to enhance their consumption capacity and optimize supply [3][9] - The new policies are designed to lower financing costs and reduce barriers for private enterprises, thereby stimulating private investment [8][10]