市场建设，持续防范化解重点领域风险，着力稳就业、稳企业、稳市场、稳预期，推动经济实现质的有效提升和量的合理增长，保持社会 和谐稳定，正当其时。 国务院发展研究中心市场经济研究所研究员陈丽芬指出，应多措并举提高居民消费能力。一是围绕"提低、扩中"完善收入分配制度；二是促 进稳定和充分就业。大力发展服务业，支持新业态新模式发展不断创造新就业岗位；三是着力保障和改善民生。把促消费与惠民生结合起 来，加大财政对教育、医疗等基本公共服务的投入，提高城乡居民基本养老金，切实提升中低收入群体的消费能力和信心。 党的二十届三中全会通过的《中共中央关于进一步全面深化改革、推进中国式现代化的决定》，进一步将构建全国统一大市场列为全面深 化改革的重点任务。本次中央经济工作会也指出，因地制宜发展新质生产力，纵深推进全国统一大市场建设。这一战略部署不仅是推动经 济持续向好的现实需求，更是畅通国内大循环、推动经济高质量发展的关键举措，是实现中国式现代化的重要制度保障。 文/《清华金融评论》 周茗一 20 25年中央经济工作会议于12月10日至11日在北京举行。会议全面总结 20 25年经济工作，深刻分析了当前经济形势，并对2 026年经 ...

记者注意到，《建议》明确了高质量发展成效更加彰显、"三个高地"建设成果更加丰硕、"一带一部"区 位优势更加凸显等七大主要目标，提出"到2035年实现全省经济实力、科技实力和综合实力大幅跃升， 人均地区生产总值达到中等发达国家水平"的远景目标。 筑强"三个高地" 激活高质量发展新动能 中国发展网讯 曾盼明 记者邢成敏报道 近日，《中共湖南省委关于制定湖南省国民经济和社会发展第十 五个五年规划的建议》（以下简称《建议》）正式发布。立足党的二十届四中全会精神实践要求，《建 议》紧扣"三高四新"美好蓝图，明确了未来五年湖南基本实现社会主义现代化的"路线图"与"任务书"， 勾勒出三湘大地高质量发展的奋进图景。 根据《建议》，湖南将持续用力打造国家重要先进制造业高地、具有核心竞争力的科技创新高地、内陆 地区改革开放高地。"三个高地"建设这一部署既是对湖南产业基础的精准把握，更是落实党的二十届四 中全会"构建高水平社会主义市场经济体制"要求的生动实践。 区域协调发展是高质量发展的内在要求。《建议》立足"一带一部"区位优势，以"一核两副三带四区"为 骨架，构建优势互补、高质量发展的区域经济布局。 在先进制造业领域，《建议》明 ...

中央经济工作会议强调，2026年我国将坚持稳中求进工作总基调，实施更加积极有为的宏观政策，着力稳就业、稳企业、稳市场、稳预期，推 动经济实现质的有效提升和量的合理增长，实现"十五五"良好开局。 消费活力如何进一步激发？货币政策有何发力空间？人民币汇率怎么走？这些都是理解"十五五"经济脉络的关键切口，也是监管的必答题。围 绕上述问题，北京商报记者专访了广开首席产业研究院首席经济学家、中国首席经济学家论坛理事长连平。 2025年，站在"十四五"收官与"十五五"规划谋篇的历史衔接点上，宏观经济环境交织着机遇与挑战。 全球经济在波动中前行，中国金融市场在多重政策合力下展现出新的韧性与活力。人民银行延续流动性宽松的基调，通过降准、降息等工具为 经济修复提供支持，货币政策与财政政策协调配合，金融"五篇大文章"系统推进，一系列举措旨在打通经济循环、激发内需潜力、优化金融供 给。 2026年我国将扩大优质消费品和服务供给，培育壮大新的消费增长点，积极打造消费新场景，把扩大消费与因地制宜发展新质生产力结合起 来。一是深入实施提振消费专项行动，制定实施城乡居民增收计划。优化"两新"政策实施，"国补"额度有望在2025年基础上适度 ...

Core Viewpoint - The "Xinjiang Products Southbound, Guangdong Products Northbound" initiative is a significant trade project aimed at enhancing economic cooperation between Guangdong and Xinjiang, facilitating the exchange of local products and promoting mutual benefits for both regions [7][9][12]. Group 1: Project Overview - The initiative has facilitated a bilateral trade exchange of 182 billion yuan since its inception, with over 79 billion yuan exchanged in the current year alone [12][13]. - The project serves as a platform for the sale of distinctive products from both regions, enhancing local farmers' incomes and promoting economic growth [5][11]. Group 2: Strategic Importance - The initiative is designed to break the traditional one-way support model, fostering a two-way empowerment concept and integrating the economies of Guangdong and Xinjiang into the national market [28][30]. - It aligns with national strategies to strengthen domestic circulation and build a unified market, leveraging Guangdong's market potential and Xinjiang's geographical advantages [39][41]. Group 3: Operational Mechanisms - The project emphasizes logistical improvements, including the establishment of a 5G smart logistics port in Kashgar, which enhances the efficiency of product distribution [64][68]. - Direct flight routes and international rail services have been introduced to facilitate trade, with significant increases in cargo volume and value reported [75][72]. Group 4: Long-term Impact - The initiative aims to create lasting benefits for local communities by enhancing product branding and market presence through media and promotional activities [110][134]. - Continuous engagement through online platforms and physical experience centers in the Greater Bay Area has been established to maintain consumer interest and drive sales [115][126]. Group 5: Community Benefits - The project has been instrumental in improving the livelihoods of local farmers, with notable increases in product sales and market reach, transforming local agricultural practices [131][141]. - Training programs for local farmers in e-commerce and modern agricultural practices have been implemented, boosting confidence and skills for future growth [139][142].

Core Viewpoint - The successful launch of the Yulu Public-Rail-Sea Intermodal Transport (Jiaozuo) train service marks a significant step in enhancing logistics efficiency and reducing costs for local manufacturers, facilitating their access to international markets [3][4]. Group 1: Launch and Operations - The Yulu Public-Rail-Sea Intermodal Transport (Jiaozuo) train service commenced on December 17, carrying goods such as automotive tires and titanium dioxide from Jiaozuo to Qingdao Port for international shipping [3]. - The service allows for direct container transport to the port, reducing costs by 30% and improving safety and reliability for exporters [3]. - The Jiaozuo-Shandong Port rail-sea service has achieved a stable operation of two trains per week with a punctuality rate exceeding 98% [4]. Group 2: Strategic Partnerships - A cooperation agreement was signed among Jiaozuo Municipal Government, China Railway Zhengzhou Group, and Shandong Port Group to advance the construction of the intermodal transport corridor [4]. - The focus is on integrating logistics, trade, finance, and shipping resources to enhance the local industrial sector's access to port services [5]. Group 3: Infrastructure and Development - Jiaozuo is positioned as a key city in the Zhengzhou metropolitan area and has developed a robust infrastructure for multi-modal transport, including six major railway lines [4]. - The Jiaozuo Municipal Government has prioritized the development of intermodal transport corridors as part of its infrastructure improvement initiatives [4]. Group 4: Future Plans and Support - The Shandong Port Group aims to provide comprehensive port services to local enterprises, enhancing their competitiveness in international markets [5]. - The Jiaozuo city government plans to establish a regular coordination mechanism to support the development of the intermodal transport services [6]. - Jiaozuo State-owned Assets Group is set to play a leading role in integrating railway and port resources to streamline logistics operations for local businesses [7].

Core Viewpoint - The article emphasizes the importance of integrating and serving the national unified market as a strategic measure for promoting high-quality development in Henan Province, aligning with the central government's directives to strengthen domestic circulation and facilitate international exchanges [2][20]. Group 1: Implementation of National Unified Market - Henan has established a comprehensive implementation plan with 150 annual tasks and 10 key initiatives to enhance connectivity and remove barriers in the national unified market [2][20]. - The province has held conferences to promote the integration and service of the national unified market, focusing on the "Five Unifications and One Opening" principle [2][20]. Group 2: Market Regulation and Fair Competition - The province has introduced measures to ensure market unity, fairness, and openness, including the establishment of a fair competition review system and the resolution of 426 cases of unfair competition [3][4]. - A special action to clear market access barriers has streamlined the process for business relocations, reducing the time for enterprise migration to six working days [3][4]. Group 3: Optimizing Business Environment - Henan has revised its business environment regulations and implemented actions to enhance the efficiency of administrative processes, achieving an 81.5% reduction in processing time for various business-related tasks [5][21]. - The province has conducted extensive outreach to businesses, visiting nearly 80,000 companies and resolving over 12,000 issues [5][21]. Group 4: Infrastructure and Logistics Development - The province is advancing the construction of a modern transportation system, with high-speed rail and highway projects contributing to a total of 2,263 kilometers of high-speed rail and over 10,000 kilometers of highways [6][22]. - Henan has also focused on enhancing its logistics capabilities, achieving a 20.2% increase in port throughput, totaling 60.68 million tons in the first eleven months [6][22]. Group 5: Economic Growth and Investment - The province has seen a 4.3% increase in fixed asset investment, with key industrial sectors experiencing a 14.9% growth in investment [7][21]. - The number of newly established foreign-funded enterprises increased by 8.3% in the first three quarters, reflecting a positive trend in foreign investment [5][21]. Group 6: International Trade and Connectivity - Henan has expanded its international logistics capabilities, with 68 international freight routes established, connecting to 32 countries, and a 24.6% increase in cargo throughput at Zhengzhou Airport [9][22]. - The province's total import and export value reached 840.24 billion yuan, growing by 13.5% year-on-year, ranking it 10th in the country [9][22].

Core Viewpoint - The article emphasizes the importance of building a unified national market in China, as directed by the central government, to strengthen domestic circulation and facilitate international trade [1]. Group 1: Implementation of National Market Integration - The Henan province has actively implemented the central government's directives by organizing conferences and formulating plans to integrate and serve the national unified market, establishing 150 annual tasks and focusing on ten key initiatives [1]. - The province has introduced a "Five Unifications and One Opening" policy to align national needs, provincial capabilities, and business expectations [1]. Group 2: Market Regulation and Fair Competition - Henan has enacted measures to enhance market fairness, including the establishment of a competitive review system and the investigation of 426 cases of unfair competition [2]. - The province has streamlined market entry processes, reducing the time for business relocations to six working days and enabling 2,398 companies to move freely [2]. - A unified public credit information directory has been created, resulting in a 52.3% increase in credit loans facilitated, totaling 166.88 billion yuan [2]. Group 3: Government Behavior and Procurement Regulation - The province has undertaken a comprehensive review of local government policies that hinder the unified market, amending or abolishing 160 policy documents [3]. - A new mechanism for investment attraction has been established to regulate local government behavior and prevent unfair practices [3]. Group 4: Business Environment Optimization - Henan has revised its business environment regulations, implementing actions to enhance the overall business climate and reduce administrative burdens by 81.5% [4]. - The province has conducted extensive outreach to businesses, visiting nearly 80,000 companies and resolving over 12,000 issues [4]. Group 5: Logistics and Infrastructure Development - The province is advancing the construction of a modern transportation system, with high-speed rail and highway expansions, achieving a total of 2,263 kilometers of high-speed rail [5][6]. - The logistics sector has seen a 20.2% increase in port throughput, reaching 60.68 million tons [6]. Group 6: Consumer and Trade Hub Development - Henan is focusing on expanding domestic demand through various promotional activities, resulting in a 5.8% increase in retail sales [7]. - The province is enhancing its commercial infrastructure to improve the efficiency of goods distribution [7]. Group 7: Resource Allocation and Market Reform - Efforts are being made to create a unified market for various resources, including land, labor, and capital, with a focus on facilitating efficient resource allocation [8]. - The province has seen a 63.7% increase in technology contract transactions, totaling 230.96 billion yuan [8]. Group 8: International Trade and Belt and Road Initiative - Henan is enhancing its role in the Belt and Road Initiative by expanding international air and rail routes, with a 24.6% increase in cargo throughput at Zhengzhou Airport [9]. - The province's total import and export value reached 840.24 billion yuan, growing by 13.5% [9].

Core Points - The National Market Regulation Administration has taken significant actions against monopolistic practices, including 35 cases of monopoly agreements and 25 cases of abuse of market dominance, resulting in a total fine of 2.93 billion yuan [1] - The administration has also concluded 950 cases related to business concentration in the livelihood sector, supporting companies in improving operational efficiency through mergers and acquisitions [1] Group 1: Antitrust Enforcement in Key Sectors - In the pharmaceutical sector, 12 major cases were handled over three years, with fines totaling 1.219 billion yuan, 362 million yuan, and 223 million yuan for specific companies, leading to price reductions of over 40% for involved drugs, with some reductions reaching 95% [1] - In public utilities, 16 cases of monopolistic behavior in water, electricity, gas, and heating sectors were addressed, resulting in fines of 183 million yuan, effectively curbing practices like bundled sales and ensuring consumer choice [1] Group 2: Platform Economy Regulation - The administration is enhancing regular supervision of the platform economy, focusing on competitive behaviors and issues like "lowest price" guarantees and "choose one of two" practices, aiming to protect the interests of small merchants and consumers [2] - A draft guideline for antitrust compliance in internet platforms has been released for public feedback, aiming to provide practical guidance for platform enterprises and address monopolistic behaviors [2][3] Group 3: Future Regulatory Focus - Future regulatory efforts will emphasize breaking local protectionism and administrative monopolies, which are crucial for optimizing the business environment and protecting consumer interests [3] - The administration plans to increase enforcement against the abuse of administrative power, promote fair competition review systems, and enhance policy coordination to ensure a unified national market [3][4] Group 4: Comprehensive Regulatory Approach - The administration adheres to a dual approach of regulation and service, employing a comprehensive regulatory toolset to promote self-discipline among enterprises and ensure a healthy market environment [4] - A core regulatory mechanism focusing on risk warning, compliance guidance, and precise regulation will be further refined to foster a competitive and orderly market environment [4]

固收：地方政府"加杠杆"最新动向及边际变化 20251217 摘要 2026 年中国将继续实施积极的财政政策，预计狭义财政赤字率维持在 4%，重点保障工资、运转及民生支出，通过"增收节支"和上级政府的 专项债券及转移支付缓解地方财政压力。 扩大内需是 2026 年的核心主导思想，政府将通过居民增收计划和消费 提振行动来落实，各地政府需确保相关措施在一季度落地实施。 2026 年中央预算内资金规模预计将超过 7,350 亿元，增加重大安全工 程及其他重点项目投入，优化政府专项债用途管理，并推出新型政策性 金融工具，撬动大量投资。 中央预算内投资基金、专项债和政策性金融工具将继续发挥重要作用， 作为地方政府项目资本金，撬动银行或政策性银行支持，带动固定资产 投资止跌回稳，涵盖房地产、制造业和新基建领域。 各省将进一步发展重点产业链，聚焦特定领域以促进区域经济发展，同 时需主动控制新增隐性债务，规范融资平台经营债务，以防范财政风险。 明年经济工作重点包括扩大内需、推动新的生产力、整治内源竞争，并 制定全国统一大市场条例，破除地方保护主义，实现公平竞争。 面对投资与消费增速放缓，将加大对内需的控制力度，并通过科技创新 ...

2025.12. 17 本文字数：3270，阅读时长大约5分钟 作者 | 第一财经 祝嫣然 日前召开的中央经济工作会议明确，制定全国统一大市场建设条例，深入整治"内卷式"竞争，并强 调"加紧清理拖欠企业账款"。 中央财办有关负责同志12月17日详解2025年中央经济工作会议精神时表示，明年要在市场、政府、 企业三个层面采取更具针对性的措施，进一步增强统一大市场的建设成效，实现各类资源要素高效配 置。包括要持续完善市场运行规则、持续规范地方政府经济促进行为、加快完善重点行业产能调控机 制等。 国家发改委副秘书长肖渭明近日在中国经济年会上透露，目前改进提升营商环境的最大动作，就是清 理政府欠款，即单个合同或单个项目欠款50万元以下的，到2025年底要全部清理完毕。要持续破除 阻碍全国统一大市场的卡点、堵点，清理不合理限制，打破市场分割和地方保护，深入推进招投标改 革，改进提升营商环境。 第一财经记者注意到，多部门正加力加快解决拖欠企业账款。工信部党组扩大会议传达学习中央经济 工作会议精神时强调，加紧清理拖欠企业账款，切实减轻企业负担。国资委主任张玉卓也撰文指出， 着力解决拖欠民营企业账款问题，推动国有企业带头解开 ...