Group 1 - The State Council, led by Premier Li Qiang, held a meeting to implement the decisions made during the Central Economic Work Conference, emphasizing the need for all departments to align their actions with the central government's scientific judgments and decisions [2] - The meeting highlighted the importance of enhancing responsibility and urgency among departments, requiring them to detail and implement specific plans to ensure effective execution of economic policies [2] - A focus was placed on cross-departmental collaboration to create a synergistic effect in promoting economic development, ensuring a strong start for the 14th Five-Year Plan [2] Group 2 - The meeting reviewed the progress of the three-year action plan for safety production, stressing the need for continuous vigilance and proactive measures to prevent major accidents [3] - It was emphasized that safety production is crucial for the safety of people's lives and property, as well as for economic development and social stability [3] - The meeting also discussed the comprehensive management of solid waste, advocating for a system that emphasizes reduction, resource utilization, and harmless disposal, particularly focusing on waste closely related to public life and safety [3] Group 3 - The meeting approved the draft implementation regulations for the Value-Added Tax Law, aiming to ensure smooth implementation and protect taxpayer rights while fostering a fair competitive environment [4] - The draft Commercial Mediation Regulations were also approved, aiming to standardize commercial mediation activities and enhance the credibility of mediators [4] - The meeting discussed the need to align domestic commercial mediation rules with international standards to improve foreign legal service capabilities [4]

Group 1 - The State Council emphasizes the need for all departments to implement the overall requirements and policy orientation for economic work in the coming year, accelerating the formulation of specific implementation plans [1][2] - The meeting highlights the importance of cross-departmental collaboration to form a joint effort in promoting development, ensuring a good start for the 14th Five-Year Plan [1][2] - The fiscal policy is expected to moderately expand, with an increase in fiscal deficit and government debt to provide sustainable financial support for the implementation of the 14th Five-Year Plan [2][3] Group 2 - In terms of debt replacement, 2 trillion yuan of special refinancing bonds will be issued in the first and second quarters to alleviate local government hidden debt pressure [3] - The new quota for special bonds is expected to be 5 trillion yuan, with approximately 1.6 trillion yuan allocated for debt clearance and 2.9 trillion yuan for project construction, accelerating in the second quarter [3] - The issuance of ordinary government bonds will be slowed down to avoid concentrated supply shocks, ensuring balanced issuance of various bonds [3] Group 3 - The meeting approved the draft implementation regulations for the Value-Added Tax (VAT) Law, emphasizing the need for effective implementation and legal guidance to protect taxpayer rights and create a fair competitive environment [4] - The VAT Law is set to take effect on January 1, 2026, maintaining the current tax system framework and overall tax burden levels [4][5] - The VAT rates will remain at three levels: 13%, 9%, and 6%, with zero tax rates applied in certain situations, ensuring stability in tax revenue [4][5]

Group 1 - The meeting emphasized the need for all government departments to align their thoughts and actions with the central government's scientific judgment and decision-making regarding the economic situation, enhancing responsibility and urgency in implementing economic policies for the upcoming year [1] - It was highlighted that for important tasks with broad implications, leading departments must take initiative while related departments should closely cooperate, strengthening cross-departmental collaboration to form a collective effort for economic development [1] - The meeting discussed the progress of a three-year action plan for safety production, stressing the importance of safety in relation to public life and property, economic development, and social stability, and the need for continuous vigilance and proactive measures to prevent major accidents [1] Group 2 - The meeting outlined a comprehensive solid waste management action plan aimed at curbing the growth of solid waste, focusing on reduction, resource utilization, and harmless disposal, with priority given to waste closely related to public life and safety [2] - It was decided to enhance the long-term mechanism for solid waste management, emphasizing the principle of "whoever pollutes, whoever manages," and improving infrastructure for harmless storage, transportation, and disposal to boost resource utilization and promote circular economy development [2] - The meeting approved the draft implementation regulations for the Value-Added Tax Law, ensuring effective implementation and protection of taxpayer rights while fostering a fair competitive environment [2]

Core Viewpoint - The State Council, led by Premier Li Qiang, emphasizes the need for all departments to align their actions with the central government's economic strategies and to enhance responsibility and urgency in implementing these strategies for economic stability and growth [2]. Group 1: Safety Production and Solid Waste Management - The meeting highlighted the importance of safety production for public life and property, urging continuous vigilance and proactive measures to prevent major accidents [3]. - A comprehensive solid waste management action plan was deployed, focusing on reducing waste generation, resource utilization, and harmless disposal, with an emphasis on managing waste closely related to public safety and daily life [4]. Group 2: Legislative Developments - The draft implementation regulations for the Value-Added Tax Law were approved, aiming to ensure smooth implementation and protect taxpayer rights while fostering a fair competitive environment [4]. - The draft Commercial Mediation Regulations were also approved, which aim to standardize commercial mediation activities and enhance the credibility of mediators, aligning domestic rules with international standards to support foreign trade cooperation [4].