12月份，扩内需促消费政策措施继续显效，叠加元旦临近，居民消费需求增加，居民消费价格指数 （CPI）环比上涨0.2%，同比上涨0.8%，扣除食品和能源价格的核心CPI同比上涨1.2%。受国际大宗商 品价格传导拉动以及国内重点行业产能治理相关政策持续显效等因素影响，工业生产者出厂价格指数 （PPI）环比上涨0.2%，同比下降1.9%。 一、CPI环比由降转涨，同比涨幅继续扩大，核心CPI上涨1.2% CPI环比由上月下降0.1%转为上涨0.2%，环比上涨主要受除能源外的工业消费品价格上涨影响。扣除能 源的工业消费品价格上涨0.6%，影响CPI环比上涨约0.16个百分点。 其中，提振消费政策效果持续显现，叠加元旦临近，居民购物娱乐需求增加，通信工具、母婴用品、文 娱耐用消费品、家用器具价格均有上涨，涨幅在1.4%-3.0%之间；受国际金价上行影响，国内金饰品价 格上涨5.6%。能源价格下降0.5%，其中受国际油价变动影响，国内汽油价格下降1.2%，影响CPI环比下 降约0.04个百分点。食品价格上涨0.3%，影响CPI环比上涨约0.05个百分点。其中，节前消费需求增 加，鲜果和虾蟹类价格分别上涨2.6%和2.5% ...

构建传播"新"势力 全网热度迅速攀升 南明区构建起"中央级媒体引领、省市级媒体支撑、区级融媒体主力、社会化平台补充"的全域立体传播 矩阵，打造"预热造势-现场直击-延伸传播"全周期闭环传播体系，确保实现信息传播覆盖广、声音多、 传播远的良好效果，让活动热度持续攀升、声量不断放大。 传播渠道贯穿官方媒体与社会化平台，实现线上线下全域覆盖。央视新闻频道、中国新闻网、中国日报 等110余家各级各类官方媒体深度参与，累计发布相关信息2200余条，全面覆盖活动筹备、现场盛况、 文化内涵、消费成效等全维度。自媒体平台持续加码，花果园国际文化艺术交流中心相关内容网络曝光 度破亿，抖音平台《带你一起到花果园国际文化艺术交流中心》浏览量达405万+、点赞30万+，微博话 题"耗资27亿的贵阳地标即将对外开放""贵阳南明区跨年夜热闹欢腾"分别位列热搜榜第四、第九，全民 参与的传播态势持续升温。截至2026年1月4日15时，关于"盛世华章·甲秀南明"活动的网络公开信息达 91951条，总阅读量超过4.04亿次。其中，跨年夜当天相关信息有38018条，单日阅读量超过2.2亿次，热 度呈现集中爆发态势。 中央及省市主流媒体的集中报道， ...

Core Viewpoint - The article emphasizes that increasing residents' income is central to addressing current economic challenges in China, highlighting the need for effective demand and consumer spending to drive economic growth [2][3]. Group 1: Economic Policy and Strategy - The National Financial Work Conference has outlined a more proactive fiscal policy for 2026, focusing on employment support and income growth for residents through various funding channels [2]. - The Central Economic Work Conference has introduced a plan for increasing urban and rural residents' income, underscoring the foundational role of consumption in domestic demand and economic circulation [2][3]. Group 2: Challenges and Solutions - The article identifies insufficient effective demand as a critical bottleneck for the Chinese economy, rooted in the disproportionate distribution of national income among the government, enterprises, and residents [2][3]. - It argues that breaking the long-standing bias that prioritizes investment over consumption is essential for enhancing domestic demand and consumer spending [3]. Group 3: Implementation Mechanisms - The article proposes the establishment of a transparent guarantee system to ensure fair competition and protect the rights of all economic entities, which would facilitate a more equitable distribution of national income [4]. - A protective guarantee system is suggested to provide a safety net for residents, enhancing social security and transfer payment efficiency to foster innovation and risk-taking [4]. Group 4: Employment and Economic Participation - Employment is highlighted as the primary channel for residents to engage in economic activities and share in economic growth, necessitating the removal of barriers to resource mobility and monopolies [5]. - The article stresses the importance of creating a system that allows for the free flow of resources and opportunities, which would lead to increased employment and economic participation [5].

Core Viewpoint - The central theme of the articles emphasizes the importance of increasing residents' income as a fundamental strategy to boost domestic consumption and address the current economic challenges in China [1][2][4]. Group 1: Economic Policy and Strategy - The National Financial Work Conference held on December 27-28 highlighted the continuation of a proactive fiscal policy into 2026, focusing on increasing residents' income through various financial support measures [1]. - The recent Central Economic Work Conference introduced a plan for increasing urban and rural residents' income, underscoring the foundational role of consumption in domestic demand and economic circulation [1]. - The articles argue that the current economic bottleneck is insufficient effective demand, primarily due to inadequate purchasing power and disposable income among residents, which is exacerbated by an imbalance in income distribution among the government, enterprises, and residents [1][2]. Group 2: Structural Reforms - The articles advocate for a comprehensive reform to eliminate systemic barriers that hinder domestic demand and consumption, emphasizing a shift in policy focus towards human-centered investment [2]. - A transparent guarantee system is proposed to ensure fair competition and protect the rights of all economic participants, which would facilitate a more equitable distribution of national income [2][3]. - The establishment of a protective social safety net is deemed essential for providing economic stability and encouraging innovation and risk-taking among residents [3]. Group 3: Employment and Economic Participation - Employment is identified as the primary channel for residents to engage in economic activities and share in economic growth, highlighting the need for policies that enhance job opportunities and resource mobility [3][4]. - The articles stress the importance of creating an environment where economic opportunities are accessible to all, advocating for the removal of monopolistic barriers and the promotion of resource flow [3][4]. - The concept of "breaking" and "establishing" is introduced, suggesting that addressing existing constraints on income and consumption must go hand in hand with building new economic structures that support growth [4].

Group 1 - The core viewpoint emphasizes that increasing residents' income is essential for economic circulation and requires a combination of breaking down and establishing new institutional frameworks [1][5] - The National Financial Work Conference highlighted that in 2026, a more proactive fiscal policy will be implemented, focusing on supporting employment and entrepreneurship to increase residents' income [2][5] - The recent Central Economic Work Conference underscored the importance of consumer spending as a foundational element of domestic demand and economic circulation, marking the first time a plan for increasing urban and rural residents' income was proposed [2][5] Group 2 - The article discusses the need to reform systemic barriers that hinder domestic demand and consumption, advocating for a shift in perception that prioritizes consumption as a driver of economic growth rather than investment [3][5] - A transparent guarantee system is proposed to ensure fair competition and protect the rights of all economic entities, which would facilitate a more equitable distribution of national income among government, enterprises, and residents [3][4] - The establishment of a protective social safety net is essential for providing security and encouraging innovation, emphasizing the role of social welfare and public transfer payment systems in supporting economic growth [4][5] Group 3 - The article argues that increasing residents' income requires both the courage to break down existing barriers and the establishment of new opportunities for economic participation [4][5] - Employment is identified as the primary channel for residents to engage in economic activities and share in economic growth, necessitating the removal of institutional obstacles that restrict resource mobility [4][5] - The call for a legal framework that restricts power without authorization aims to liberate the flow of resources and create more job opportunities within the complex interactions of the economy [4][5]

（来源：沈阳日报） 转自：沈阳日报 市商务局全体党员干部表示，要聚焦中央经济工作会议和省委、市委经济工作会议的目标任务，敢于担 当。全力扩内需促消费，丰富"全域、全时、全龄"消费场景，推进商旅文体融合。要培育壮大电子商务 主体，办好双品网购节、畅享E商周等活动。要高水平推动对外开放，培育外贸新动能，打造物流、报 关及金融协同的综合性服务平台。要提升招商质效，围绕"3+4+3"产业体系，开展产业链招商、展会招 商、场景招商、闲置楼宇招商。打造"沈阳出海"综合服务生态，"一体两翼"推进跨境电商综试区发展。 市委经济工作会议提出"不断提升人民生活品质"。全市民政系统干部职工一致表示，将贯彻落实会议精 神，坚持经济发展与民生改善同频共振。在养老服务上扩消费、兴产业。聚焦发展普惠养老服务，加快 银发经济产业园布局，发展适老化产品和智慧养老新业态。在社会治理上重协同、促发展。积极支持战 略性新兴产业等领域依法设立行业协会商会，赋能企业发展。升级"沈慈阳善"品牌，慈善资源募集总量 增长10%以上。，蓝图绘就千般景 征程再启万里春）在兜底保障上双驱动、稳民生。加强开发式帮扶 与兜底式保障深入衔接，健全政府主导、多元参与工作机 ...

12月18日，港股市场低开，恒生指数跌0.54%，恒生科技指数跌1.11%。 中信证券指出，离岛免税政策的优化与海南封关在即创造了潜在消费增量空间。重点建议关注财富效应 传导、供给端优化推动的经营拐点机会，包括受益于资本市场财富效应潜在传导的偏高端消费，如出境 游、酒店、博彩、免税、奢侈品&高端美护、高端地产物业等。 港股消费ETF（159735）跟踪中证港股通消费主题指数，该指数选取港股通范围内流动性较好、市值较 大的50只消费主题相关股票组成指数样本，采用自由流通市值加权，以反映港股通内消费类股票的整体 表现。 消息面上，据央视新闻，自2025年12月18日起，海南自由贸易港正式启动全岛封关。至此，进口征税商 品目录、货物流通税收政策、禁限清单、加工增值内销免关税政策、海关监管办法等一系列封关政策及 配套文件同步实施。封关是海南自贸港建设新阶段的开始，封关后还将不断扩大开放领域，持续完善政 策制度体系，努力打造引领我国新时代对外开放的重要门户。 甬兴证券表示，随着扩内需促消费系列政策逐步见效，线下销售有望稳步恢复。传统商超掀起新一轮改 革升级，回归商品和服务，传统商超在变革中摸索，调改初见成效，关注业绩边 ...

举办本次大会是德州市扎实推进区域消费中心城市建设的又一重要举措，具有重要意义： 本次大会在延续"对接京津冀优质农产品博览会"品牌效应的基础上，实现了两方面的显著提升： 一是规格全面升级。大会首次升格为"中国北方蔬菜粮油糖酒交易大会"，由中国蔬菜流通协会主办，立足德州、辐射北方，参展范围扩展至新疆、宁夏、 内蒙古、河北及山东省临沂、聊城等地，平台能级和行业影响力显著增强。 二是内容更加丰富。在传统农产品展示交易基础上，新增全国首届村支书直播带货电商大赛、全国重点供应链企业集中采购对接会、京东中国特产馆选品 大会等配套活动，形成"展会+赛事+对接"多元融合的新模式。 齐鲁晚报.齐鲁壹点李梦晴 2025年12月26日至27日，首届中国北方蔬菜粮油糖酒交易大会将在德州市举办，12月12日，德州市举行新闻发布会，介绍本次大会的有关情况，并回答记 者提问。 为深入贯彻落实党中央、国务院"扩内需、促消费"决策部署，服务乡村振兴战略，扎实推进区域消费中心城市建设，畅通农产品产销对接，深化优质农产 品产销对接与电商融合，更好发挥德州市在北方商贸流通领域的节点作用，经积极筹备，定于2025年12月26日至27日举办"首届中国北方 ...

Core Viewpoint - The article emphasizes the importance of enhancing the adaptability of supply and demand in consumer goods to promote consumption and achieve a dynamic balance at a higher level, ultimately laying a solid foundation for high-quality economic development [2]. Group 1: Policy Measures and Economic Impact - The central government has introduced multiple policies to boost consumption, including a 300 billion yuan special long-term bond to support the replacement of old consumer goods, injecting strong momentum into the consumption market [3]. - The "Special Action Plan to Boost Consumption" aims to enhance residents' income and reduce burdens, integrating consumption promotion into various economic and social policies [3]. - By the end of the first half of the year, the old-for-new policy had driven sales of 2.9 trillion yuan, benefiting approximately 400 million people [3]. Group 2: Consumer Trends and Market Dynamics - There is a notable shift in consumer behavior towards personalized, quality, and scenario-based consumption, indicating a transition from quantity to quality in consumer spending [4]. - The final consumption expenditure contributed 53.5% to economic growth in the first three quarters, an increase of 9 percentage points compared to the previous year, reinforcing its role as the main engine of economic growth [4]. Group 3: Seasonal Consumption and Cultural Influences - As the year-end approaches, consumer sentiment is focused on rewarding oneself and expressing hopes for the new year, leading to increased spending on products with positive connotations [6][7]. - Brands are leveraging cultural elements and consumer preferences for auspicious symbols in their product designs, such as themed food and jewelry, to attract buyers [7][8]. Group 4: Financial Sector Initiatives - Credit card companies, such as China Merchants Bank, are actively participating in consumption promotion by launching themed campaigns and additional discounts to align with government initiatives [4][8]. - The "Koi" themed campaign launched by China Merchants Bank aims to enhance the festive shopping experience, offering various rewards to cardholders, thus stimulating consumer spending [8][11].

Group 1 - In November, China's CPI increased by 0.7% year-on-year, matching expectations, and up from 0.2% in the previous month [1][19] - The PPI decreased by 2.2% year-on-year, slightly worse than the expected decline of 2.0% and a previous decline of 2.1% [1][19] - The rise in CPI was driven by a significant rebound in food prices, while PPI's decline was influenced by high base comparisons from the previous year and ongoing supply-demand structural optimization in certain industries [20][21] Group 2 - The overall improvement in domestic supply-demand relationships is expected to lead to a gradual narrowing of PPI declines, supported by ongoing capacity governance in key industries [20][21] - International commodity prices have generally risen, while domestic demand remains weak, but some industries are experiencing price increases due to improved supply-demand fundamentals [20][21] - The core CPI maintained a high year-on-year growth rate of 1.2%, with non-food prices rising by 0.8%, indicating effective consumer demand policies [20][21] Group 3 - Food prices shifted from a decline of 2.9% last month to an increase of 0.2%, significantly impacting the CPI [20][21] - Energy prices fell by 3.4% year-on-year, contributing to the overall inflationary pressure [20][21] - The service sector saw price increases, with notable rises in household appliances and clothing prices, reflecting the effectiveness of domestic demand expansion policies [20][21]