Group 1 - The core viewpoint of the article emphasizes the need to address the imbalance between strong supply and weak demand in China's economy through measures such as expanding domestic demand, optimizing supply, and stimulating market vitality [1][3][5] - The National Development and Reform Commission plans to formulate a strategic implementation plan for expanding domestic demand from 2026 to 2030, aligning with the new round of technological revolution and industrial transformation [3][5] - The focus is on accelerating the construction of a modern industrial system and fostering new supply and employment opportunities through innovation [5][9] Group 2 - The article highlights the importance of integrating consumer welfare with consumption promotion, including the continuation of the old-for-new consumption policy with an initial allocation of over 60 billion yuan [9][11] - It discusses the need to enhance investment efficiency by optimizing government investment structures and increasing the proportion of government investment in livelihood projects [11] - The article mentions the importance of creating a unified national market and improving market mechanisms to shift from price competition to value competition [7][9]

Core Viewpoint - The National Development and Reform Commission (NDRC) emphasizes the need to implement the central economic work conference's spirit to ensure a strong start for the 14th Five-Year Plan, aiming for a high-quality economic development in 2026, with a target GDP exceeding 140 trillion yuan and a continuous increase in manufacturing value added for 16 years [1][2]. Group 1: Economic Potential and Development - The NDRC highlights that the main goals of economic and social development have been successfully achieved, with economic operations showing steady progress and resilience, and policies enhancing people's livelihoods [2]. - In 2026, significant potential for development is expected to be released across consumption and investment, technology and industry, as well as urban and rural areas [2]. - New economic growth points in sectors such as new energy, new materials, and aerospace are being planned, with a focus on high-tech industries during the 14th Five-Year Plan [2]. Group 2: Supply and Demand Balance - The NDRC identifies a prominent contradiction between strong supply and weak demand, emphasizing the need for dynamic balance and a virtuous cycle in the economy [4]. - The focus will be on strengthening domestic circulation, with plans to develop a strategy for expanding domestic demand from 2026 to 2030 [4]. - The NDRC aims to enhance the real economy by promoting intelligent, green, and integrated development, while also fostering emerging and future industries [4]. Group 3: Consumer Income and Demand Expansion - Increasing consumer income is recognized as a crucial method for expanding domestic demand, with plans for actions to stabilize and enhance employment and income for urban and rural residents [5]. - The NDRC is working on optimizing the investment in both physical and human capital to improve investment efficiency and promote mutual empowerment [5]. Group 4: Price Stabilization and Control - Promoting a reasonable recovery of prices is a key macroeconomic goal, with recent trends showing a rise in both the Consumer Price Index (CPI) and the Producer Price Index (PPI) [6]. - The NDRC plans to implement more proactive fiscal policies and moderately loose monetary policies to support price recovery, ensuring a positive interaction between economic growth and price stabilization [6][7]. - Structural policies will focus on boosting consumption, implementing income plans, and optimizing "two new" policies to achieve better supply-demand balance [6].

从国新办发布会上获悉，2026年我国宏观政策发力点将围绕进一步做强国内大循环、全方位扩大国内需 求，研究制定出台2026—2030年扩大内需战略实施方案，努力实现供需互促、循环升级。 提升消费者收入是提振内需的重要方面，目前有关方面正在研究制定稳岗扩容提质行动和城乡居民增收 计划。今年还将推动实施服务业扩能提质行动，推出一批具有含金量的政策，加力支持服务业优质高效 发展。 国家发展改革委国民经济综合司司长周陈介绍，投资既是当期需求，也是未来供给，其中一部分可直接 转化为劳动者收入。将推动投资于物和投资于人紧密结合，着力提高投资效益，用好各类政府投资资 金，优化政府投资结构，提高民生类项目政府投资比重，促进需求提升。同时，继续发行使用新型政策 性金融工具，带动更多民间投资。 "扩大内需不是权宜之计，而是战略举措，既要政策给力，也要改革发力。"周陈说，国务院近期已部署 实施财政金融协同促进内需一揽子政策，通过贷款贴息、担保补偿形成"1+1>2"的政策效果。下一步， 发展改革部门还将积极运用改革创新办法，着力打通供需良性循环的卡点堵点，包括清理消费领域不合 理限制、推进消费新业态新模式新场景试点等，充分挖掘经济潜能 ...

Group 1 - The primary task for this year's economic work is to strengthen domestic demand and build a robust domestic market, with a focus on enhancing the domestic circulation by 2026 [1] - The government will optimize the support scope and subsidy standards for the "two new" policies, aiming to lower investment thresholds for project applications and increase support for small and medium-sized enterprises [2] - There will be a quarterly allocation of central funds for the replacement of old consumer goods, guiding local governments to spend subsidy funds in a balanced and orderly manner [2] Group 2 - The government plans to establish a national-level merger fund and enhance the planning and guidance of government investment funds to accelerate the development of a modern industrial system [2] - Efforts will be made to formulate regulations for the construction of a unified national market, addressing issues of "involution" competition and improving mechanisms for market access, fair competition, and capacity exit [3] - The government aims to actively resolve the temporary contradictions arising from oversupply in the market [3]

1月20日，财政部副部长廖岷在新闻发布会上表示，2026年，财政部门将继续实施更加积极的财政政策，概括起来就是"总量增加、结构更优、效益更好、动 能更强"。其中，包括确保总体支出力度"只增不减"、重点领域保障"只强不弱"；把更多的财政资金用在提振消费、"投资于人"、民生保障等方面，多渠道 增加居民收入；加强财政金融协同，探索创新政策工具，放大公共资金的带动作用和公开政策的外溢效应；进一步增强地方财政发展动能、助力全国统一大 市场建设。2026年，财政部门将"硬核"支持稳就业、稳企业、稳市场、稳预期，确保"十五五"实现良好开局。 更大力度激发民间投资、促进居民消费 1月9日，国务院常务会议研究推出财政金融促内需一揽子政策。1月20日，财政部官网连发五项通知，涉及系列贴息政策、民间投资专项担保计划。 在廖岷看来，一揽子政策可以概括为"一个目标""两个重点""三个原则"和"六项政策"。具体来看，"一个目标"指"扩大内需"；"两个重点"主要是以更大力度 来"激发民间投资"，以更大力度来"促进居民消费"；"三个原则"分别是坚持"便捷高效"、坚持"精准有效"和坚持"规范提效"；"六项政策"中的四项是支持民 间投资的政策， ...

Core Viewpoint - The article discusses the implementation of a more proactive fiscal policy in China to promote high-quality economic and social development, emphasizing increased fiscal spending, optimized expenditure structure, improved efficiency, and stronger economic momentum [1][4]. Group 1: Fiscal Policy Implementation - The fiscal policy for 2026 will focus on "increasing total volume, optimizing structure, improving efficiency, and enhancing momentum" [4]. - "Increasing total volume" involves expanding the fiscal expenditure to ensure necessary spending levels, maintaining fiscal deficit and debt at necessary levels, and ensuring that key areas receive strong support [5]. - "Optimizing structure" aims to improve the expenditure structure by applying zero-based budgeting, reducing ineffective spending, and directing more funds towards consumption, human investment, and social welfare [5]. - "Improving efficiency" focuses on enhancing the effectiveness of fund usage, ensuring that every penny generates expected benefits, and optimizing the management of special bonds [5]. - "Enhancing momentum" includes deepening fiscal and tax reforms to stimulate economic vitality, improving transfer payment structures, and enhancing local fiscal capabilities [6]. Group 2: Investment and Consumption Promotion - The policy framework includes "one goal," "two focuses," "three principles," and "six policies," with the primary goal being to "expand domestic demand" [8]. - The two focuses are to "stimulate private investment" and "promote household consumption," both crucial components of domestic demand [8]. - The three principles for execution are convenience and efficiency, precision and effectiveness, and standardization and improvement [9]. - The six policies include various loan interest subsidy programs aimed at supporting small and micro enterprises, private investment, and consumer spending [9]. Group 3: Support for Innovation and Technology - The fiscal department will support the National Venture Capital Guidance Fund to invest early, small, long-term, and in hard technology, focusing on original and disruptive technological advancements [10]. - There will be enhanced support for key industries to upgrade quality, with fiscal incentives for technology innovation loans and central bank re-lending support [10]. - The emphasis will be on strengthening the role of enterprises in technological innovation and implementing structural tax reductions to support innovation and manufacturing [11]. Group 4: Fiscal Subsidy Regulation - The fiscal department will continue to deepen fiscal and tax system reforms to clarify fiscal responsibilities and improve the central-local fiscal relationship [13]. - There will be ongoing efforts to standardize fiscal subsidies, with a focus on correcting any irregular subsidy practices and enhancing regulatory frameworks [13]. - The government procurement order will be optimized, including amendments to procurement laws and policies favoring domestic products [13]. Group 5: Consumer Loan Subsidy Enhancements - The consumer loan subsidy policy has been optimized to increase the subsidy limits for individual consumers and expand the coverage of eligible consumption areas [15]. - The implementation period for the consumer loan subsidy policies has been extended to the end of 2026, with potential for further extensions based on effectiveness [15]. - The number of institutions eligible for these subsidies has increased significantly, enhancing accessibility for consumers and businesses [15]. Group 6: Green Development and Industry Adjustment - The adjustment of export tax rebate policies, particularly for solar products, is aimed at promoting efficient resource use and reducing environmental pollution [16][17]. - This adjustment is expected to facilitate reasonable industrial structure adjustments and promote high-quality economic development [17]. Group 7: Agricultural Insurance Development - In 2026, the fiscal department will issue guidelines to promote high-quality development of agricultural insurance, focusing on refined management and multi-faceted collaboration [18].

【导读】国新办就发挥积极财政政策作用，推动经济社会高质量发展有关情况举行新闻发布会 1月20日下午，国新办举行新闻发布会，财政部副部长廖岷，部综合司司长李先忠，金融司司长于红出 席发布会，介绍发挥积极财政政策作用，推动经济社会高质量发展有关情况，并回答了一揽子政策要 点、优化个人消费贷款贴息，以及如何促消费、培育新动能等诸多社会关心的问题。 基金君整理要点如下： 要点1: 继续实施更加积极的财政政策 2026年，按照中央经济工作会议部署，财政部门将继续实施更加积极的财政政策，概括起来是"总量增 加、结构更优、效益更好、动能更强"。 "总量增加"，就是要扩大财政支出盘子，确保必要支出力度。2026年财政赤字、债务总规模和支出总量 将保持必要水平，确保总体支出力度"只增不减"、重点领域保障"只强不弱"。 "结构更优"，是要持续优化支出结构，确保资金用在紧要处。打破"基数+增长"支出固化格局，积极运 用零基预算理念，大力压减低效无效支出，把更多的财政资金用在提振消费、"投资于人"、民生保障等 方面，多渠道增加居民收入。 "效益更好"，就是着力提高资金使用效益，每一分钱都要产生应有的效益。2026年将继续安排超长期特 ...

财政部副部长廖岷。 南都讯 记者杨文君 发自北京 1月20日下午，国新办举行新闻发布会，介绍了财政助力全国统一大市场 建设的有关情况，其中优化政府采购秩序是全国统一大市场建设的重要环节。 另一方面，实施政府采购领域本国产品政策。2025年9月，中国政府制定出台了政府采购领域本国产品 政策。该项政策自2026年1月1日起开始实施。这既是完善政府采购制度的一个重要举措，也是落实政府 采购领域外资企业国民待遇的务实行动。政策中除明确了本国产品标准、相关支持政策和分类实施安排 以外，还特别强调了对各类经营主体一视同仁、平等对待，禁止以所有制形式、组织形式、股权结构、 投资者国别以及其他不合理的条件对供应商实行差别待遇或者歧视待遇。 "在政策执行过程中，如果发现有违反上述规定的，可以向财政部门举报投诉，我们将严肃查处。"廖岷 说。 对此，廖岷还分享了一个故事："我前段时间还真收到欧美朋友反映的两条线索，他们认为他们的产品 没有进入中国政府的采购范围当中，有被歧视的嫌疑，所以他们给我写了信，也附上了相关产品的情 况。我和同事一起进行了核实，最后发现，他给我的这两个相关产品，实际上均属于在国外生产的进口 产品，而非在中国生 ...

"结构更优"，主要就是要持续优化支出结构，确保资金用在紧要处。打破"基数+增长"支出固化格局， 积极运用零基预算理念，大力压减低效无效支出，把更多的财政资金用在提振消费、"投资于人"、民生 保障等方面，多渠道增加居民收入。通过有"力度"、有"温度"的支出安排，不断提升人民群众的获得 感。 "效益更好"，就是着力提高资金使用效益，每一分钱都要产生应有的效益。2026年将继续安排超长期特 别国债，用于"两重"建设和"两新"工作，并优化政策实施；完善专项债券项目负面清单管理，深化地 方"自审自发"试点，更好发挥债券资金效益。同时，加强财政金融协同，探索创新政策工具，放大公共 资金的带动作用和公开政策的外溢效应。 1月20日，国新办举行新闻发布会，介绍发挥积极财政政策作用，推动经济社会高质量发展有关情况。 财政部副部长廖岷表示，2025年更加积极的财政政策，做到了兼顾当前与长远，既有力支持当下的经济 增长、办好民生实事，又有效推动中国经济结构转型，为经济社会中长期可持续发展打下坚实基础。 对于2026年财政政策，廖岷表示，按照中央经济工作会议部署，财政部门将继续实施更加积极的财政政 策，概括起来就是"总量增加、结构更 ...

今天，国务院新闻办举行新闻发布会，介绍推动"十五五"实现良好开局等有关情况。国家发展改革委有关负责人介绍，今年将研究制定出台2026—2030年扩 大内需战略实施方案，还将优化"两新"政策的支持范围和补贴标准。 国家发展改革委副主任王昌林表示，要坚持把宏观政策的发力点放在做强国内大循环上，全方位扩大国内需求。 国家发展改革委副主任 王昌林： 重点是要适应需求升级的趋势，结合新一轮科技革命和产业变革的需要，研究制定出台2026—2030年扩大内需战略实施方 案，努力实现供需互促、循环升级。 王昌林表示，目前我国正在谋划推进一批"十五五"时期的高技术产业标志性引领性重大工程。同时，围绕加快构建现代化产业体系，将研究设立国家级并购 基金，加强政府投资基金布局规划和投向指导，促进创新创业创造，加快培育和发展新质生产力。 来源：央视新闻客户端 国家发展改革委资源节约和环境保护司司长 王善成： 在设备更新方面，进一步降低申报项目的投资门槛，加大对中小企业的支持力度，扩大政策惠及面。 在消费品以旧换新方面，综合考虑消费潜力、政策执行情况等因素，合理确定各地资金分配规模。对汽车报废更新、汽车置换更新、6类家电以旧换新、4类 ...