10.8国新办发布会点评：政策护航，稳增长稳信心

Core Insights - The report emphasizes the Chinese government's commitment to stabilizing the economy through a series of incremental policies aimed at boosting growth and confidence [1][5]. - The focus is on investment stabilization, with plans to advance 100 billion yuan in central budget investments and another 100 billion yuan for key construction projects [1][2]. - The report highlights the importance of supporting private enterprises and attracting foreign investment through legislative measures and financial incentives [1][2]. Investment Stabilization - The government plans to expedite the release of 100 billion yuan in central budget investments for the next year and an additional 100 billion yuan for "two重" construction projects, which focus on major national strategies and key safety capabilities [1][7]. - By the end of September, 700 billion yuan of central budget investments were fully allocated, with a project commencement rate of 58% [1][2]. - Local government special bonds issued this year reached 3.12 trillion yuan, with a usage rate of 90%, indicating a significant increase in project commencement rates [1][2]. Support for Private Enterprises - The legislative process for the "Private Economy Promotion Law" will be accelerated to ensure equal treatment for private enterprises in the market [2][5]. - Measures will include reducing financing costs, optimizing tax policies, and providing ongoing support to help private enterprises navigate current economic challenges [1][2]. - The government aims to expand foreign investment by revising the encouraged foreign investment industry catalog and implementing innovative policies [1][2]. Consumer Demand and Employment - Policies will focus on promoting consumption and improving livelihoods, particularly for low- and middle-income groups, by increasing income levels and upgrading consumer goods [2][5]. - The government will implement an employment-first strategy to create job opportunities, particularly addressing youth unemployment and structural unemployment [2][5]. - Adjustments to real estate policies will support housing demand, including easing purchase restrictions and mortgage conditions [2][5]. Key Investment Areas - Future investment will target sectors such as digital economy, elderly care, and urban renewal projects, including the renovation of old neighborhoods and infrastructure improvements [2][5]. - The report identifies strategic emerging industries, including new energy, advanced manufacturing, and next-generation information technology, as key areas for investment [5][6]. - The government will also support urban infrastructure projects, including intercity railways and urban rapid transit systems, to enhance connectivity and urbanization [8][9].