政策周度观察：经济增速目标下限拓展至4.5%，千亿资金支持财政金融协促内需-20260308

Policy Weekly Observation - The economic growth target's lower limit has been expanded to 4.5%, with a funding support of 100 billion yuan for fiscal and financial collaboration to stimulate domestic demand [9][11] - The government work report outlines key economic targets for the year, including a GDP growth of 4.5%-5%, an urban unemployment rate of around 5.5%, and over 12 million new urban jobs [11][12] - The fiscal policy includes a deficit rate planned at around 4%, with a deficit scale of 5.89 trillion yuan, issuance of long-term special bonds of 1.3 trillion yuan, and local government special bonds of 4.4 trillion yuan [11][12] - The monetary policy will continue to be moderately loose, utilizing various tools such as reserve requirement ratio cuts and interest rate reductions to maintain the stability of the RMB exchange rate [11][12] Specific Policy Summary - The government will implement a package of six policies to promote domestic demand, including enhancing consumer choice and providing financial support to enterprises [14] - The policies aim to optimize the loan interest subsidy policy, allowing consumers more autonomy in selecting services and increasing the upper limit for subsidies [14] - The establishment of a special guarantee plan for private investment and the implementation of three subsidy policies are also part of the strategy to reduce costs for enterprises [14] Economic and Trade Policy - The central bank will continue to implement a moderately loose monetary policy, focusing on stabilizing economic growth and ensuring reasonable price recovery [12][14] - The government emphasizes the importance of dialogue and negotiation in resolving international tensions, particularly in the Middle East, to maintain regional stability [12][14]