把促进物价合理回升作为货币政策的重要考量!发改委,最新发声
证券时报·2026-01-20 06:31

Core Viewpoint - The article discusses the implementation of the central economic work conference's spirit and the measures to promote a good start for the "14th Five-Year Plan" [1] Group 1: Economic Policy and Price Control - The National Development and Reform Commission (NDRC) emphasizes the importance of promoting a reasonable recovery of prices as a key goal of macroeconomic regulation [2] - A more proactive fiscal policy and moderately loose monetary policy will be implemented to foster a positive interaction between economic growth and price recovery [2] - Structural policies will focus on boosting consumption, increasing urban and rural residents' income, and optimizing the implementation of "two new" policies [2][3] Group 2: Market Regulation and Competition - The NDRC aims to enhance market vitality by addressing "involution" competition and shifting from "price competition" to "value competition" [3] - There will be a focus on improving market access, fair competition, and capacity exit mechanisms to regulate prices in key industries [3] - The NDRC plans to standardize local economic promotion behaviors and strengthen the market's survival of the fittest mechanism [3] Group 3: High-Tech Industry Development - The NDRC is planning to advance several significant projects in high-tech industries during the "14th Five-Year Plan" period, with a focus on innovation and integration of technology, products, and talent [4] - By 2025, the digital economy's added value is expected to reach 49 trillion yuan, accounting for approximately 35% of GDP [4] Group 4: Policy Support and Reform - The NDRC is working on a plan to enhance the effectiveness of the "two new" policies by optimizing support ranges, subsidy standards, and implementation mechanisms [6] - There will be a focus on reducing investment thresholds for project applications and increasing support for small and medium-sized enterprises [6] - The NDRC will also develop a list of actions that hinder the construction of a unified national market and a list of encouraged and prohibited investment behaviors [7] Group 5: Coordination of Policies - The NDRC emphasizes the need for coordination between reform and various policies, including fiscal, financial, consumption, investment, industrial, and innovation policies [8] - The focus will be on enhancing the synergy between policy support and reform innovation to address intertwined cyclical, structural, and institutional issues in economic development [8] Group 6: Regional Development Strategies - The NDRC highlights the significant potential of the central and western regions in supporting stable economic growth [10] - The commission plans to continue promoting strategies for the western development and the rise of the central region, transforming potential advantages into economic benefits [10]