经济日报金观平：“投资于人”是破解供强需弱关键

Group 1 - The core issue affecting China's economic operation is the contradiction between strong supply and weak demand, with a projected growth of 5% in 2025 being challenging to achieve [1] - The decline in the growth rate of retail sales and negative fixed asset investment growth indicates that the shortfall in demand has not been substantively addressed, leading to weak economic growth momentum [1] - Internal demand, particularly consumption, is identified as a critical factor in the weak demand scenario, with a decrease in the contribution rate of internal demand to economic growth compared to the average of the past four years [1] Group 2 - The low consumer confidence and willingness to spend, alongside the high base from the previous year, contribute to the slowdown in consumption growth in 2025 [1] - The structural issues in internal demand, such as insufficient consumer spending and the impact of debt pressure, are affecting investment demand in the short term [1] - The need for improved income distribution and social security systems is emphasized as essential for boosting consumer confidence and spending [1] Group 3 - The article suggests that addressing the contradiction between strong supply and weak demand requires a shift in public resource allocation from production-focused to people-oriented investments [2] - It highlights the importance of enhancing social security and promoting income growth as key strategies to stimulate consumption and investment [2] - The need for a combination of hard investments in major projects and soft investments in public services is outlined as a strategy to expand consumption and stabilize investment [3] Group 4 - The article advocates for a policy "combination punch" to effectively expand consumption and stabilize investment, emphasizing the importance of a conducive market environment for supply-demand circulation [3] - It calls for systematic removal of unreasonable restrictions on consumption and encourages localities to pursue development through differentiated competition [3] - The potential for China's economy to resolve its internal contradictions and achieve stable growth is highlighted, with a focus on combining policy support with reform innovation [3]