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用有温度的治理驱动经济发展
第一财经·2025-10-30 00:21

Core Viewpoint - The article emphasizes that domestic demand is the strategic foundation for China's modernization, highlighting the importance of boosting consumption and accelerating technological self-reliance as key components of the 14th Five-Year Plan [2][4]. Group 1: Domestic Demand and Economic Strategy - The 14th Five-Year Plan prioritizes domestic demand, particularly final consumption, as a strategic focus to overcome insufficient effective demand and build a robust domestic market [2][3]. - The current economic environment is complex, with challenges such as insufficient effective demand, difficulties in transitioning old and new growth drivers, and shortcomings in social welfare [2][4]. Group 2: Investment in People - Investment in people is identified as a significant highlight of the 14th Five-Year Plan, aiming to enhance public services and provide individuals with a sense of security and achievement [4][5]. - The plan advocates for a combination of investments in material goods and human capital, emphasizing the need for new demand to drive new supply [3][4]. Group 3: Addressing Effective Demand Issues - The article identifies two main issues contributing to insufficient effective demand: lack of purchasing power and high institutional transaction costs [5][6]. - To address purchasing power, reforms in income distribution and social security systems are necessary to enhance individuals' sense of gain and reduce precautionary savings [5][6]. Group 4: Legal and Market Framework - Establishing a rule-of-law-based consumer market is essential to lower unnecessary transaction costs and facilitate effective demand [6]. - The 14th Five-Year Plan integrates investment in material goods with investment in people, positioning domestic consumption as a key driver for economic resilience against external challenges [6].