Group 1 - The core viewpoint of the Central Economic Work Conference emphasizes a positive policy orientation, focusing on "stability while seeking progress" and "quality improvement and efficiency enhancement" [1][2] - The conference highlights the importance of stabilizing employment, enterprises, markets, and expectations, introducing new expressions such as "flexible and efficient" monetary policy tools [1][2] - The meeting indicates that macroeconomic policies will be more proactive and effective to achieve "qualitative improvement and reasonable growth" [2][3] Group 2 - The conference stresses "quality improvement and efficiency enhancement," repeatedly mentioning high-quality development across various sectors [3][4] - It aims to integrate traditional and innovative policy tools to promote high-quality economic growth while maintaining reasonable growth rates [3][5] - The focus on high-quality development reflects a higher demand for development quality and efficiency, especially as 2026 marks the beginning of the 14th Five-Year Plan [3][4] Group 3 - The meeting prioritizes "domestic demand" as the main driver for economic growth, indicating a shift towards relying more on domestic consumption [4][5] - This approach is in response to the anticipated decline in export growth due to external factors, such as high tariffs from the U.S. [4][5] - The conference plans to expand the supply of quality consumer goods and services, fostering new consumption growth points [4][5] Group 4 - The conference reiterates the commitment to a proactive fiscal policy and moderately loose monetary policy, emphasizing policy coordination [5][6] - It highlights the need for comprehensive use of fiscal, monetary, industrial, and employment policies to enhance economic support [6][7] - The focus is on maintaining necessary fiscal deficits while addressing local fiscal difficulties and ensuring stable monetary policy [6][7] Group 5 - The meeting emphasizes the importance of innovation-driven growth and the cultivation of new economic drivers [7][8] - It includes plans for developing a comprehensive education and technology talent development strategy and establishing international technology innovation centers [7][8] - The shift from "project-driven" to "systematic construction" in technology policy aims to improve the sustainability of technology investments [7][8] Group 6 - The conference signals support for the real estate market, focusing on stabilizing the market and addressing risks in key areas [8][9] - It encourages policies to stabilize the real estate market and improve financing channels for affordable housing [8][9] - The emphasis on resolving local government financing platform debt risks indicates a shift in focus towards managing operational debt [8][9] Group 7 - The meeting underscores the importance of maintaining openness to foreign trade and investment, balancing domestic and international priorities [9][10] - It aims to enhance the quality of foreign trade and expand bilateral investment cooperation [9][10] - The strategy includes high-quality development of the Belt and Road Initiative, reflecting a proactive approach to international economic engagement [9][10]

此次中央经济工作会议释放了哪些新信号，21世纪经济报道记者进行了梳理和解读。 作者丨王峰 编辑丨周上祺 中央经济工作会议12月10日至11日在北京举行。会议对2025年做出了"我国经济顶压前行、向 新向优发展"的重要判断。 这一局面来之不易，特别是2024年9月26日中央政治局会议果断部署一揽子增量政策，使社会 信心有效提振，经济明显回升，2025年宏观政策贯彻落实了多项超常规逆周期调节举措。 对于2026年经济工作，中央经济工作会议提出"加大逆周期和跨周期调节力度"，其中对多项宏 观政策的部署，措辞则从2025年的"加大""加强""增加""扩大"等，转为更加注重"保持""优 化"。同时，会议提出了多项新举措、新任务。 信号一：继续实施更加积极的财政政策 会议指出，保持必要的财政赤字、债务总规模和支出总量，加强财政科学管理，优化财政支出 结构，规范税收优惠、财政补贴政策。重视解决地方财政困难，兜牢基层"三保"底线。严肃财 经纪律，坚持党政机关过紧日子。 会议还指出，适当增加中央预算内投资规模，优化实施"两重"项目，优化地方政府专项债券用 途管理。 回顾2025年，赤字率从2024年的3%提升至2025年的4% ...

1 坚持内需主导，建设强大国内市场 2 坚持创新驱动,加紧培育壮大新动能 3 坚持改革攻坚,增强高质量发展动力活力 4 坚持对外开放,推动多领域合作共赢 5 坚持协调发展,促进城乡融合和区域联动 6 坚持"双碳"引领,推动全面绿色转型 7 坚持民生为大，努力为人民群众多办实事 8 坚持守牢底线,积极稳妥化解重点领域风险 （文章来源：新华社） 中央经济工作会议确定 2026年经济工作 8 项重点任务 部门与而 ...

Core Viewpoint - The Central Economic Work Conference held on December 10-11 in Beijing outlined eight key tasks for economic work in 2026, focusing on domestic demand, innovation, reform, openness, coordinated development, green transformation, public welfare, and risk management. Group 1: Domestic Demand - Emphasis on leading domestic demand and building a strong domestic market through actions to boost consumption and implement urban and rural income increase plans [1] - Expansion of quality goods and services supply, optimization of "two new" policy implementation, and removal of unreasonable restrictions in the consumption sector to unleash service consumption potential [1][2] - Encouragement of investment stabilization, with an increase in central budget investment scale and optimization of local government special bond usage [1] Group 2: Innovation - Focus on innovation-driven growth by developing a comprehensive plan for education, technology, and talent development [2] - Establishment of international technology innovation centers in key regions such as Beijing, Shanghai, and the Guangdong-Hong Kong-Macau Greater Bay Area [2] - Strengthening the role of enterprises in innovation and improving intellectual property protection in emerging fields [2] Group 3: Reform - Commitment to reform efforts to enhance high-quality development, including the establishment of a unified national market and further deepening state-owned enterprise reforms [3] - Initiatives to clear overdue payments to businesses and promote win-win scenarios for platform enterprises and their operators [3] - Expansion of market-oriented reforms and improvement of the local tax system [3] Group 4: Openness - Promotion of multi-field cooperation and gradual advancement of institutional openness, including the expansion of service sector autonomy and optimization of free trade zone layouts [4] - Encouragement of service exports and development of digital and green trade [4] - Strengthening of foreign investment promotion mechanisms and enhancing overseas service systems [4] Group 5: Coordinated Development - Coordination of urban-rural integration and regional collaboration, focusing on high-quality development in county economies [5] - Maintenance of arable land and food production stability, ensuring reasonable prices for key agricultural products [5] - Support for major economic provinces and enhancement of cooperation among key urban clusters [5] Group 6: Green Transformation - Advancement of energy-saving and carbon reduction initiatives in key industries and the establishment of a new energy system [6] - Strengthening of the national carbon emissions trading market and implementation of comprehensive waste management actions [6] - Promotion of environmental protection initiatives and improvement of disaster response infrastructure [6] Group 7: Public Welfare - Implementation of actions to stabilize employment for key groups such as college graduates and migrant workers, and support for flexible employment [7] - Adjustment of educational resource allocation to increase high school and quality university enrollment [7] - Optimization of drug procurement and deepening of medical insurance payment reforms [7] Group 8: Risk Management - Focus on stabilizing the real estate market with city-specific policies to control inventory and encourage the acquisition of existing housing for social welfare [8]

一是坚持内需主导，建设强大国内市场。深入实施提振消费专项行动，制定实施城乡居民增收计划。扩 大优质商品和服务供给。优化"两新"政策实施。清理消费领域不合理限制措施，释放服务消费潜力。推 动投资止跌回稳，适当增加中央预算内投资规模，优化实施"两重"项目，优化地方政府专项债券用途管 理，继续发挥新型政策性金融工具作用，有效激发民间投资活力。高质量推进城市更新。 来源：三里河 中央经济工作会议12月10日至11日在北京举行。对于明年经济工作，会议提出"八个坚持"。 会议确定，明年经济工作抓好以下重点任务。 六是坚持"双碳"引领，推动全面绿色转型。深入推进重点行业节能降碳改造。制定能源强国建设规划纲 要，加快新型能源体系建设，扩大绿电应用。加强全国碳排放权交易市场建设。实施固体废物综合治理 行动，深入打好蓝天、碧水、净土保卫战，强化新污染物治理。扎实推进"三北"工程攻坚战，实施自然 保护地整合优化。加强气象监测预报预警体系建设，加紧补齐北方地区防洪排涝抗灾基础设施短板，提 高应对极端天气能力。 七是坚持民生为大，努力为人民群众多办实事。实施稳岗扩容提质行动，稳定高校毕业生、农民工等重 点群体就业，鼓励支持灵活就业人员 ...

Core Viewpoint - The Central Economic Work Conference has outlined eight key tasks for economic work in 2026, focusing on domestic demand, innovation, reform, openness, coordinated development, green transformation, improving people's livelihoods, and risk management [1] Group 1: Domestic Demand and Market Development - Emphasis on maintaining domestic demand as the primary driver and building a strong domestic market [1] Group 2: Innovation and New Momentum - Focus on innovation-driven strategies to cultivate and strengthen new growth drivers [1] Group 3: Reform and High-Quality Development - Commitment to reform efforts aimed at enhancing the vitality and momentum for high-quality development [1] Group 4: Openness and Cooperation - Advocacy for sustained openness to promote win-win cooperation across multiple fields [1] Group 5: Coordinated Development - Promotion of coordinated development to facilitate urban-rural integration and regional collaboration [1] Group 6: Green Transformation - Leadership in "dual carbon" initiatives to drive comprehensive green transformation [1] Group 7: Livelihood Improvement - Prioritization of people's livelihoods with efforts to address practical issues for the populace [1] Group 8: Risk Management - Focus on maintaining bottom lines and actively managing risks in key areas [1]

中央经济工作会议12月10日至11日在北京举行。 | | 微观政策要 | 加快建设现 | | 以科技创新引领 | 坚持创新驱动, | | --- | --- | --- | --- | --- | --- | | | 持续激发市 | 代化产业体 | 着力扩大国 | 新质生产力发 | 加紧培育壮大新 | | | | | 内需求 | 展,建设现代化 | | | | 场主体活力 | 系 | | 产业体系 | 动能 | | | 结构政策要 | 切实落实 | 深化重点领 | 友挥经济体制改 革牵引作用,推 | 坚持改革攻坚, | | | 看力畅通国 | "两个毫不 | | | 增强高质量发展 | | | 民经济循环 | 动摇" | 域改革 | 动标志生改革举 | 动力活力 | | | | | | 措落地见效 | | | | 科技政策要 | 更大力度吸 | 扩大高水平 | 扩大高水平对外 | 坚持对外开放, | | | | 引和利用外 | | 开放,稳外贸、 | 推动多领域合作 | | 明年 | 扎实落地 | 资 | 对外开放 | 稳外资 | 共赢 | | 重点 | 改革开放政 | 有效防范化 持续有效防 | | 有效防 ...

Core Viewpoint - The Central Economic Work Conference held on December 10-11 in Beijing outlined key tasks for economic work in the coming year, emphasizing a focus on domestic demand, innovation, reform, openness, coordinated development, green transformation, people's livelihood, and risk management [1] Group 1: Economic Focus Areas - Emphasis on domestic demand as the main driver to build a strong domestic market [1] - Innovation-driven approach to accelerate the cultivation and growth of new economic drivers [1] - Commitment to reform efforts to enhance the vitality and momentum for high-quality development [1] Group 2: External Relations and Development - Focus on promoting cooperation and win-win outcomes in multiple fields through openness [1] - Coordination in development to promote urban-rural integration and regional linkage [1] Group 3: Sustainability and Social Welfare - Leadership in "dual carbon" initiatives to promote comprehensive green transformation [1] - Prioritization of people's livelihood with efforts to address practical issues for the populace [1] Group 4: Risk Management - Commitment to maintaining a bottom line by actively and prudently addressing risks in key areas [1]

Core Viewpoint - The central economic work conference held on December 10-11, 2023, emphasized the importance of utilizing fiscal and monetary policies effectively to achieve the goals set for 2026, marking the beginning of the "15th Five-Year Plan" [2][4]. Group 1: Economic Policy Direction - The conference reiterated the implementation of a more proactive fiscal policy and moderately loose monetary policy, aiming to enhance macroeconomic governance effectiveness [2][4]. - The "Eight Persistences" were highlighted as key strategies for economic work in 2026, focusing on domestic demand, innovation, reform, openness, coordinated development, carbon neutrality, people's livelihood, and risk management [3][4]. Group 2: Implementation Strategies - Fiscal and monetary policies are expected to work in tandem to support the "Eight Persistences," with fiscal funds directed towards infrastructure and innovation, while monetary policy aims to provide low-cost funding to high-tech enterprises [4][5]. - Specific measures include fiscal support for necessary reforms, maintaining a stable financial environment, and promoting regional balance and rural revitalization through targeted fiscal transfers [5][6]. Group 3: Long-term Goals - The success of China's economic development in 2026 will not solely be measured by GDP growth but also by the integration of macro policy resources with the strategic layout of the "Eight Persistences" [6]. - The proactive policies are seen as essential for navigating complex challenges and ensuring a strong start to the "15th Five-Year Plan" [6].

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