报告显示：提振内需是应对复杂局势的压舱石

Core Insights - The Central Economic Work Conference in December 2025 prioritizes "domestic demand as the main driver, building a strong domestic market" as the top task, highlighting the strategic intent to enhance development autonomy amid a challenging external environment [1] Group 1: Domestic Demand and Economic Strategy - The report from Changjiang Business School emphasizes that boosting domestic demand faces structural challenges, including demographic changes and cyclical adjustments in the real estate market, which significantly affect future demand expectations [1] - It is suggested that China should not rely solely on consumption subsidies to stimulate domestic demand; stabilizing the real estate market and increasing the birth rate are deemed more crucial [1] Group 2: Infrastructure and Human Resources - A well-functioning economy is characterized by the dynamic matching of infrastructure, human resources, and high-tech industries. China's infrastructure is already world-class, and its technology is advancing towards becoming a global leader, while human resources remain a sector that needs improvement [1] Group 3: Survey Data and Methodology - The data for the Changjiang Business School Investor Sentiment Survey (CKISS) is derived from the December 2025 investor sentiment questionnaire, Q3 2025 financial reports of A-share listed companies, and other recent domestic and international capital market and macroeconomic data. The survey is conducted three times a year [1] - Approximately 2,100 valid samples were collected for this survey, including around 1,300 from retail investors and 800 from financial industry professionals [1]