2025年12月中共中央政治局会议解读：宏观政策积极有为

Economic Overview - China's GDP growth for the first three quarters of 2025 is 5.2% year-on-year, indicating stable economic performance[2] - Consumer spending, particularly driven by the "trade-in" policy, shows strong growth in durable goods consumption[2] Policy Direction - The Central Political Bureau emphasizes a more proactive fiscal policy and moderately loose monetary policy to enhance macroeconomic governance[4] - Focus on expanding domestic demand and optimizing supply structures to support economic stability[4] Investment and Development - Investment in high-tech sectors and equipment upgrades is crucial for supporting manufacturing investment[2] - Infrastructure investment will target new infrastructure, regional gaps, and safety-related facilities[3] Risk Management - Economic growth risks are easing, with a reduction in trade policy uncertainties and a shift in real estate policy towards long-term structural optimization[3] - Continuous efforts are needed to stabilize employment, businesses, and market expectations[4] Social Considerations - Emphasis on improving residents' income and consumption willingness to drive economic growth[4] - Investment in human capital is highlighted as a strategy for technological innovation and industrial transformation[4]