“十五五”开局之年，中国经济何以稳增长

Core Viewpoint - The article emphasizes that 2026 marks the beginning of the "15th Five-Year Plan," a crucial period for China's economic transformation and reform, aiming to harness the potential of the economy through policy support and innovation [3]. Economic Potential Exploration - In 2025, China's economy achieved its main expected goals, concluding the "14th Five-Year Plan" successfully, with a projected contribution rate of about 30% to global economic growth [4]. - The "15th Five-Year Plan" is critical for achieving the goal of reaching the GDP per capita level of moderately developed countries by 2035, focusing on domestic demand and technological innovation [5]. - Despite external challenges, China's economic foundation remains strong, with favorable conditions expected to lead to stable growth in 2026 [5][6]. - The central government plans to implement a more proactive fiscal policy in 2026 to support employment, businesses, and market stability, ensuring a good start for the "15th Five-Year Plan" [6]. Monetary Policy - The central bank will continue to implement a moderately loose monetary policy in 2026, focusing on high-quality economic development and reasonable price recovery [7]. - Coordination between monetary and fiscal policies is essential to support consumption and investment, driving high-quality economic growth [7]. Reform Initiatives - Current economic challenges are intertwined with cyclical, structural, and institutional issues, requiring comprehensive policy and reform measures [9]. - The government aims to enhance the synergy between macro policies and reform initiatives, creating a complementary effect to achieve better economic outcomes [9]. - The central economic work conference emphasizes the importance of advancing the construction of a unified national market, which will include legal protections and clear guidelines for local government actions [10]. State-Owned Enterprise Reform - The next phase of state-owned enterprise reform will focus on functional, structural, and institutional reforms, optimizing the layout and structure of state capital [11].