“建议将消费补贴直接发放到个人，限期内不用，过期作废”

Core Viewpoint - The Chinese government is focusing on boosting consumption as a key economic goal for 2026, with significant measures such as the "National Subsidy" program for consumer goods being implemented to stimulate spending [4][8]. Group 1: Economic Indicators - In 2025, final consumption expenditure contributed over 52% to GDP, with retail sales of consumer goods exceeding 50 trillion yuan, and sales from the trade-in policy surpassing 2.6 trillion yuan [4][6]. - The final consumption expenditure as a percentage of GDP was 56.6% in 2024, and is expected to be between 55% and 57% in 2025, indicating a strong role of consumption in the economy [6]. Group 2: National Subsidy Policy - The "National Subsidy" program is set to be expanded, with suggestions to increase the funding scale to over 1 trillion yuan, which would provide approximately 1,000 yuan in subsidies per person [9][15]. - The current subsidy of 300 billion yuan is seen as insufficient compared to the total retail sales and GDP, indicating a need for a larger scale to have a noticeable impact [9][15]. Group 3: Service Consumption - Service consumption is identified as a shortfall in China's consumption landscape, with a significant gap compared to developed countries, where service consumption typically accounts for a larger share of GDP [11]. - The suggestion is made to include service consumption in the subsidy program to enhance overall consumer spending [10][11]. Group 4: Income and Employment - Increasing income is highlighted as a crucial factor for boosting consumption, with recommendations for direct cash or digital currency subsidies to individuals rather than targeting specific goods [13][15]. - The importance of social security spending and property income is emphasized as pathways to increase disposable income, which in turn would drive consumption [14][15].