Core Viewpoint - The article emphasizes that expanding domestic demand is a strategic move essential for economic stability and security, aiming for long-term sustainable development and meeting the growing needs of the population [2][32]. Summary by Sections Economic Context - Current economic challenges include insufficient total demand, necessitating the implementation of a comprehensive domestic demand system to boost consumption and investment [3][27]. - The article highlights that consumption is a crucial engine for economic growth, with a focus on promoting employment, improving social security, and optimizing income distribution to expand the middle-income group [3][10]. Domestic Demand Strategy - The strategy to expand domestic demand involves enhancing consumption capabilities, improving consumption conditions, and innovating consumption scenarios to fully unleash consumption potential [27][31]. - It is essential to establish a long-term mechanism for increasing residents' consumption, ensuring stable income, and creating a favorable consumption environment [31][18]. Investment and Infrastructure - The article calls for optimizing investment mechanisms and expanding effective investment space, particularly in new infrastructure and high-tech industries, to stimulate private investment [3][31]. - Government investment should play a guiding role, focusing on long-term benefits and addressing structural issues in the economy [28][19]. Supply-Side Structural Reform - There is a need to deepen supply-side structural reforms to enhance the competitiveness and security of the industrial and supply chains, ensuring that supply meets existing demand and creates new demand [3][31]. - The article stresses the importance of balancing supply and demand, with a focus on achieving a dynamic equilibrium that fosters economic circulation [30][32]. Global and Domestic Interaction - Expanding domestic demand and opening up to international markets are not contradictory; a smooth domestic cycle can attract global resources and enhance international competitiveness [2][10]. - The article suggests that the domestic market's potential is significant, with a large middle-income population that can drive consumption growth [10][9].

日前举行的中央经济工作会议，对明年的经济工作做出部署和擘画。我们根据会议内容，梳理出一些关注热点，一起了 解。 中央经济工作会议热点简读 深入实施提振消费专项行动 到京守依据分星星曲听斗机 WILL LOCK IN T JULY THE LA 凯华社 更好统筹国内经济工作 和国际经贸斗争 更好统筹发展和安全 面对复杂的外部环境,保持战略 定力，坚定必胜信心，以苦练内功 来应对外部挑战，坚定不移把自己 的事情办好。 STANDATION THE THE STORE FOR AND FOR STORE 中央经济工作会议热点简读 把促进经济稳定增长 物价合理回升 作为货币政策的重要考量 要灵活搭配、高效运用降准降 息等多种货币政策工具,保持流动 性充裕,促进社会综合融资成本低 位运行,使社会融资规模、货币供 应量增长同经济增长、物价总水平 预期目标相匹配。 中央经济工作会议热点简读 六月七十八 / 日本 TAVEY 通过供需双侧协同发力打通国内 大循环的关键堵点，既从需求端促进 居民增收、提升居民消费能力，又从 供给端扩大优质商品和服务供给,提 升供给体系对需求的适配性。 部华社 RAN 中央经济工作会议热点简读 ...

Core Viewpoint - The enhancement of ice and snow consumption capabilities is a vital driving force for the rapid development of the ice and snow economy as a new economic format, and it is a significant measure for strengthening China's "domestic circulation" [1] Group 1: Market Potential and Growth - The total scale of ice and snow consumption for the 2024-2025 season is expected to exceed 187.5 billion yuan, representing a year-on-year growth of 25% [1] - Consumer spending within two kilometers of ski resorts has increased by 27.97% [1] Group 2: Industry Quality and Standards - The quality of the ice and snow industry is crucial for determining the supply quality of ice and snow consumer products, with significant improvements noted in service capabilities, quality, and awareness [2] - Enhancing the quality of the ice and snow industry requires a focus on high standards and the establishment of a standardized system to guide production and elevate consumption levels [3] Group 3: Market Configuration and Scene Penetration - A well-structured ice and snow market can effectively allocate production factors and create suitable consumption scenarios, necessitating precise layout based on regional ice and snow resources [4] - The design of consumption methods directly impacts the penetration rate of ice and snow consumption scenes, with a focus on simplicity and compatibility with multiple payment methods being key to enhancing this rate [5] Group 4: Cultural Promotion and Consumer Engagement - Ice and snow culture acts as a driving force for enhancing consumption capabilities, with a need to segment different consumer groups to effectively promote ice and snow culture [6] - The evolution of ice and snow consumption from conscious to trendy consumption can significantly elevate consumption levels, with a focus on the demand characteristics of different consumer groups [6] Group 5: Policy Guidance and Support - Increasing policy guidance for ice and snow consumption is essential, with a focus on addressing the differences in consumption needs across regions [7] - Policies such as issuing ice and snow consumption vouchers and subsidies can help expand the consumer base and increase the frequency of ice and snow consumption [8]

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 12月15日，国新办举行新闻发布会，介绍2025年11月份国民经济运行情况。国家统计局新闻发言 人、总经济师、国民经济综合统计司司长付凌晖在会上表示，今年以来，面对外部环境变化和内部风险 挑战叠加的复杂严峻局面，在党中央坚强领导下，各地区各部门深入实施更加积极有为的宏观政策，纵 深推进全国统一大市场建设，积极做强国内大循环，国民经济保持总体平稳、稳中有进发展态势。从全 年情况看，尽管有困难有压力，但我国经济韧性强，宏观政策支持有力，新动能稳步成长，实现全年预 期目标有较好条件。近期，主要国际组织纷纷上调对中国经济增长预期，也表明国际社会对中国经济发 展的信心。 （责任编辑：王治强 HF013） ...

顺应消费升级、人口老龄化、促进出生人口增长等需要，在养老、托育、健康、文旅等消费配套设施领 域实施一批重点项目。 国家发改委在《求是》杂志发表文章《坚定实施扩大内需战略》中指出，着力释放居民消费潜力。 一方面，大力提升居民消费意愿。深入实施提振消费专项行动。加力稳定大宗消费，实施好消费品以旧 换新政策。强化品牌引领、标准升级、新技术应用，打造一批带动面广、显示度高的消费新场景。支持 首发经济、赛事经济、电子商务等发展。顺应消费升级、人口老龄化、促进出生人口增长等需要，在养 老、托育、健康、文旅等消费配套设施领域实施一批重点项目。大力实施城市更新，抓好停车场、老旧 电梯更新等民生微项目。进一步拓展入境消费，提升便利化水平。 另一方面，切实增强居民消费能力。强化就业优先政策，多渠道稳定和扩大就业，优化创业促进就业政 策环境，支持重点群体就业。实施城乡居民增收计划，提高居民收入在国民收入分配中的比重，提高劳 动报酬在初次分配中的比重，努力实现居民收入和经济增长同步、劳动报酬提高和劳动生产率提高同 步。加大直达消费者的普惠政策力度，增加政府资金用于民生保障支出。健全社会保障体系，稳步推进 基本公共服务均等化，加大生育 ...

Core Viewpoint - The article emphasizes the importance of implementing a strategy to expand domestic demand, highlighting the need to enhance consumer willingness and capability to stimulate economic growth and stability [3][4][5]. Group 1: Importance of Expanding Domestic Demand - Expanding domestic demand is crucial for economic stability and security, serving as a strategic move rather than a temporary measure [4]. - It is essential for addressing the main social contradictions in China, which involve the growing needs for a better life and unbalanced development [6]. - The domestic market is seen as a key driver for economic growth, especially in the context of global uncertainties and external pressures [5][11]. Group 2: Enhancing Consumer Willingness - The strategy includes actions to boost consumer willingness, such as implementing consumption promotion initiatives and stabilizing major consumption sectors [16]. - Policies will focus on creating new consumption scenarios and supporting emerging economic sectors like e-commerce and event economies [16]. - There will be a push for urban renewal projects and improvements in consumer services, particularly in areas like elderly care and health [16]. Group 3: Strengthening Consumer Capability - The strategy aims to enhance consumer capability by prioritizing employment and income growth, particularly for key demographic groups [16]. - There will be an increase in government spending on social welfare to support consumer spending [16]. - The plan includes measures to improve the social security system and promote equal access to public services [16]. Group 4: Current Economic Landscape - Domestic demand has become the main driver of economic growth, contributing an average of 93.1% to economic growth from 2013 to 2024 [11][12]. - The contribution of final consumption expenditure and gross capital formation to economic growth is 55% and 38.1%, respectively [12]. - The service sector is expected to account for 46.1% of per capita consumption expenditure by 2024, indicating a shift towards service-oriented consumption [6][8]. Group 5: Challenges and Opportunities - Despite the potential for expanding domestic demand, challenges such as low consumer rates and investment dynamics exist [13]. - The article highlights the need for a complete domestic demand system that includes consumption, investment, and supply chain optimization [10]. - There is significant potential for consumption upgrades and effective investment in infrastructure and technology sectors [14]. Group 6: Strategic Implementation - The strategy will involve a comprehensive approach to enhance domestic demand, focusing on both consumption and investment [15]. - It emphasizes the importance of creating a unified national market to eliminate barriers and improve market efficiency [20]. - The government will work on reforming investment mechanisms to ensure that funds are effectively utilized for economic growth [21].

文章强调，大国经济的优势就是内部可循环。要牢牢把握扩大内需这一战略基点，使生产、分配、 流通、消费各环节更多依托国内市场实现良性循环。扩大内需和扩大开放并不矛盾。国内循环越顺畅， 越能形成对全球资源要素的引力场，越有利于构建以国内大循环为主体、国内国际双循环相互促进的新 发展格局，越有利于形成参与国际竞争和合作新优势。要把扩大内需战略同深化供给侧结构性改革有机 结合起来，供需两端同时发力、协调配合，形成需求牵引供给、供给创造需求的更高水平动态平衡。 文章指出，总需求不足是当前经济运行面临的突出矛盾。要坚决贯彻落实扩大内需战略规划纲要， 尽快形成完整内需体系，着力扩大有收入支撑的消费需求、有合理回报的投资需求、有本金和债务约束 的金融需求。消费是我国经济增长的重要引擎，扩大消费最根本的是促进就业，完善社保，优化收入分 配结构，扩大中等收入群体，扎实推进共同富裕。要建立和完善扩大居民消费的长效机制，使居民有稳 定收入能消费、没有后顾之忧敢消费、消费环境优获得感强愿消费。要完善扩大投资机制，拓展有效投 资空间，适度超前部署新型基础设施建设，扩大高技术产业和战略性新兴产业投资，持续激发民间投资 活力。要继续深化供给侧 ...

文章强调，大国经济的优势就是内部可循环。要牢牢把握扩大内需这一战略基点，使生产、分配、流 通、消费各环节更多依托国内市场实现良性循环。扩大内需和扩大开放并不矛盾。国内循环越顺畅，越 能形成对全球资源要素的引力场，越有利于构建以国内大循环为主体、国内国际双循环相互促进的新发 展格局，越有利于形成参与国际竞争和合作新优势。要把扩大内需战略同深化供给侧结构性改革有机结 合起来，供需两端同时发力、协调配合，形成需求牵引供给、供给创造需求的更高水平动态平衡。 文章指出，总需求不足是当前经济运行面临的突出矛盾。要坚决贯彻落实扩大内需战略规划纲要，尽快 形成完整内需体系，着力扩大有收入支撑的消费需求、有合理回报的投资需求、有本金和债务约束的金 融需求。消费是我国经济增长的重要引擎，扩大消费最根本的是促进就业，完善社保，优化收入分配结 构，扩大中等收入群体，扎实推进共同富裕。要建立和完善扩大居民消费的长效机制，使居民有稳定收 入能消费、没有后顾之忧敢消费、消费环境优获得感强愿消费。要完善扩大投资机制，拓展有效投资空 间，适度超前部署新型基础设施建设，扩大高技术产业和战略性新兴产业投资，持续激发民间投资活 力。要继续深化供给侧 ...

Economic Performance - In November, the industrial added value above designated size increased by 4.8% year-on-year, maintaining the growth rate from October [1] - The added value of the equipment manufacturing industry grew by 7.7%, contributing 59.4% to the overall industrial growth [1] - The service production index rose by 4.2% year-on-year, with significant growth in information transmission and software services (12.9%) and leasing and business services (8.4%) [1] Market Sales and Consumption - The total retail sales of consumer goods increased by 1.3% year-on-year in November, with cosmetics and gold and silver jewelry retail sales growing by 6.1% and 8.5%, respectively [1] - From January to November, service retail sales grew by 5.4%, with a slight acceleration of 0.1 percentage points compared to the previous ten months [1][2] Foreign Trade - In November, China's total goods import and export value increased by 4.1% year-on-year, with exports growing by 5.7%, reversing the decline seen in October [2] - For the first eleven months, trade with Belt and Road Initiative countries saw a 6% year-on-year increase, outpacing overall foreign trade growth [2] Policy Impact - The implementation of proactive macro policies has significantly contributed to the stable economic growth observed this year [3] - Recent policies aimed at promoting consumption and expanding effective investment are expected to enhance economic growth momentum [3][4] - The Central Economic Work Conference has outlined the direction for economic work in the coming year, emphasizing the need for sustained efforts in domestic circulation and effective demand expansion [4]

Group 1 - The core message of the article emphasizes the importance of "domestic demand as the main driver" for China's economic growth, particularly in light of the changing international environment and the need to address the imbalance between strong supply and weak demand [2][3] - The Central Economic Work Conference highlighted the implementation of specific actions to boost consumption and the formulation of plans to increase income for urban and rural residents, indicating a commitment to expanding domestic demand [2][3] - The meeting also stressed the need to enhance the supply of quality goods and services, aligning with consumer demand to stimulate robust consumption, and set strategic goals for significant consumption sectors by 2027 [4][5] Group 2 - The article outlines a dual approach to encourage consumer spending: increasing income and reducing burdens on consumers, including the introduction of annual childcare subsidies and tax exemptions for these subsidies [3][4] - It mentions the establishment of a consumption growth matrix focusing on diverse and personalized consumption scenarios, with specific sectors identified for growth, such as elderly products and smart connected vehicles [5] - The overall strategy of prioritizing domestic demand is presented as a pragmatic response to current challenges while also being a long-term strategic layout for sustainable economic development [5]