宏观评论（2024年第12期，总第146期）：宏观政策主基调力度空前，新能源是新发展理念的重要承载行业

Group 1: Economic Outlook - The 2025 GDP growth target is likely set at around 5.0%, reflecting a cautious approach to external and internal risks[11] - The political bureau meeting emphasized the need to prevent and mitigate key risks and external shocks, indicating a proactive stance for 2025[7] - Domestic demand is expected to face pressure in the first half of 2025, with the central government having significant leverage to stimulate the economy[22] Group 2: Macro Policy - The macro policy stance is described as the most aggressive since the new century, with expectations for a more proactive fiscal policy and moderately loose monetary policy[16] - The fiscal deficit rate for 2025 is anticipated to be greater than or equal to 3.60%, similar to 2020 levels, indicating a strong fiscal stimulus[18] - The meeting highlighted the importance of a "policy mix" to enhance macroeconomic regulation, focusing on forward-looking and targeted measures[20] Group 3: New Development Concept - The new development concept, which includes innovation, coordination, green development, openness, and sharing, is central to the government's economic strategy[32] - New energy is identified as a key sector under the new development concept, playing a crucial role in achieving carbon neutrality goals[34] - The meeting underscored the need for technological innovation to drive new productivity and modern industrial systems[33]