加大财政政策逆周期调节力度发布会解读：一揽子增量措施范围广、力度强

Fiscal Policy Measures - A comprehensive set of fiscal policies was introduced to enhance counter-cyclical adjustments and promote high-quality economic development[2] - The measures include significant support for local governments to resolve debt risks, with a large-scale increase in debt quotas to alleviate hidden debt pressures[4] - Special government bonds will be issued to support state-owned banks in replenishing core tier one capital, enhancing their operational stability and risk prevention capabilities[4] Real Estate Market Support - The government will utilize special bonds, special funds, and tax policies to stabilize the real estate market and promote healthy development[4] - Policies will allow special bonds to be used for land reserves and support the acquisition of existing housing to optimize the supply of affordable housing[12] Support for Key Demographics - Increased support for key groups, particularly students, with plans to double the number of national scholarships and raise funding standards for various educational levels by 2025[13] - Enhancing the income levels of low-income groups is expected to boost consumption capacity and willingness, effectively expanding domestic demand[13] Economic Stability and Risks - The overall government debt level is manageable, with China's government debt-to-GDP ratio at 55.9%, significantly lower than that of major developed countries[10] - Risks include geopolitical uncertainties, macroeconomic performance below expectations, and significant fluctuations in overseas markets[5]