Group 1 - The core viewpoint of the article emphasizes the importance of consumption in economic development and improving people's livelihoods, highlighting a steady performance in China's consumption market with a retail sales total of 45.6 trillion yuan, a year-on-year growth of 4.0%, which is 0.5 percentage points faster than the same period last year [2] - The article discusses the implementation of various policies since the beginning of 2025, such as the "Special Action Plan to Boost Consumption," which aims to create a comprehensive support system for consumption through financial and fiscal collaboration, including government subsidies and financial support [3] - It notes a recent slowdown in consumption growth, particularly in retail sales, which have seen a decline for six consecutive months, indicating that insufficient domestic demand remains a prominent issue in the current economic landscape [3] Group 2 - The article highlights a shift in consumer behavior from primarily goods consumption to a balanced focus on both goods and service consumption, with strong demand in areas such as cultural tourism and elderly care services [4] - It emphasizes the potential for service consumption to drive economic growth, citing examples like immersive cultural experiences and community-based elderly care facilities that cater to evolving consumer needs [4] - The article concludes that expanding domestic demand is a top priority for 2026, with boosting consumption being crucial for this goal, and stresses the need to enhance residents' income and strengthen the service consumption sector to unlock the market's potential [4]

Core Viewpoint - The article emphasizes the importance of prioritizing people's livelihoods to drive economic development, advocating for a strategy that combines consumer demand with investment in both material and human resources to create new growth opportunities [3][11]. Group 1: Economic Development and Livelihood Improvement - The 20th Central Committee's Fourth Plenary Session suggests focusing on improving people's livelihoods while expanding development space, highlighting the need for a people-centered development approach [3][11]. - The Central Economic Work Conference stresses the importance of prioritizing livelihoods and providing practical services to the public [3][11]. - Enhancing people's livelihoods is seen as a crucial driver for economic growth, with a strong domestic market being essential for a new development pattern [3][11]. Group 2: Housing Market and Urbanization - There is significant potential for high-quality development in the real estate sector, as many urban residents' housing needs remain unmet despite a substantial total housing stock [4][12]. - By 2024, the urbanization rate for the resident population is projected to be 67%, while the registered population's urbanization rate is below 50%, indicating a gap of nearly 18 percentage points [4][12]. - The demand for improved housing quality is driven by aging properties and uneven distribution, with over 30% of urban residential buildings constructed before 2000 [4][12][13]. Group 3: Service Consumption Trends - There is a notable shift in consumer preferences towards experiential and service-oriented consumption, with spending on service consumption per capita increasing from 5,000 yuan to 13,000 yuan from 2013 to 2024, rising from 39.7% to 46.1% of total consumption [5][13]. - New consumption trends include a focus on emotional and experiential services, such as cultural tourism and wellness, which are becoming increasingly popular [5][13]. Group 4: Employment and Income Generation - To promote livelihoods, it is essential to stabilize employment through policies that support job retention and expansion, as well as vocational training initiatives [7][15]. - Increasing income through improved wage mechanisms and diversified income sources is crucial for enhancing residents' financial stability [7][15]. - A balanced interaction between supply and demand is necessary to achieve livelihood improvements and economic growth, with a focus on removing unreasonable restrictions in the consumption sector [7][15].

Core Viewpoint - The articles emphasize the importance of improving and safeguarding people's livelihoods as a driving force for economic development, advocating for a people-centered development approach that combines expanding domestic demand with enhancing living standards [1][5]. Group 1: Economic Development and Livelihood Improvement - The 20th Central Committee's Fourth Plenary Session suggests focusing on ensuring and improving people's livelihoods while expanding development space through meeting these needs [1]. - The Central Economic Work Conference highlights the need to prioritize people's livelihoods and to implement practical measures for the public [1]. - A strong domestic market is essential for constructing a new development pattern and is supported by the effective improvement of people's livelihoods [1]. Group 2: Real Estate Development - There is significant potential for high-quality development in the real estate sector, particularly in meeting the housing needs of urban residents [2]. - The urbanization rate for permanent residents is projected to reach 67% by 2024, while the registered urbanization rate is below 50%, indicating a gap that can be addressed [2]. - Many urban residents still have unmet housing needs, particularly in terms of improving living conditions and upgrading older housing [2]. Group 3: Urban Renewal and Housing Quality - The articles advocate for a new model of real estate development that focuses on high-quality urban renewal and the renovation of dilapidated housing and urban villages [3]. - There is a call for increasing the supply of high-quality housing that meets the expectations of residents for improved living conditions [3]. Group 4: Consumer Trends and Service Demand - There is a shift in consumer preferences towards service-oriented consumption, with an increase in spending on experiences and emotional consumption [3][4]. - From 2013 to 2024, the average annual per capita expenditure on service consumption in China is expected to rise from 50,000 yuan to 130,000 yuan, increasing its share from 39.7% to 46.1% [3]. Group 5: Employment and Income Growth - To promote development through improving livelihoods, it is crucial to ensure stable employment and enhance income growth through various policies [5]. - The focus should be on increasing residents' income through improved wage mechanisms and supporting wealth accumulation [5]. - The articles stress the importance of creating a virtuous cycle of employment, income, consumption, and investment to drive economic growth [5][6].

格隆汇1月11日｜经济日报金观平：总体上看，财政金融协同促内需一揽子政策从需求端和供给端共同 发力，将更好激发消费潜力、提升市场活力。打好这套"组合拳"，需要加强部门协作，高效规范落实政 策。一方面，强化中央与地方财政，以及与相关金融管理部门之间的协同配合，指导贷款经办机构优化 流程，坚持简便易行原则，提供精准、高效、便捷的金融服务，让消费者和企业充分享受到政策红利。 另一方面，加强全链条管理，严格把好资金的审核、拨付等关口，确保资金规范高效使用，把宝贵的财 政资金用在刀刃上，提升政策执行效果。新年伊始，一系列扩大内需、优化供给的政策密集出台。期待 存量政策持续发挥效应，增量政策尽早落地，不断释放政策红利，更加有力地提振消费、扩大投资，持 续增强经济发展内生动力。 ...

Group 1 - The core viewpoint of the articles emphasizes the importance of consumption in economic development and improving people's livelihoods, highlighting a steady performance in China's consumption market with a retail sales total of 45.6 trillion yuan, a year-on-year growth of 4.0%, which is 0.5 percentage points faster than the same period last year [1] - Various policies, such as the "Special Action Plan to Boost Consumption," have been implemented to support consumption through multiple dimensions, including income increase, supply upgrades, and environmental optimization, creating a comprehensive support system for consumption [1][2] - Despite the positive trends, there has been a recent slowdown in consumption growth, particularly with retail sales growth declining for six consecutive months, indicating persistent issues with domestic demand [1][2] Group 2 - The articles suggest that stable income leads to stable consumption, and income growth drives consumption, with current consumer confidence being affected by slow income growth and uncertain future expectations [2] - There is a shift in consumption patterns from goods to a balance between goods and services, with strong demand in service sectors such as cultural tourism and elderly care, indicating significant potential for service consumption [2][3] - Expanding domestic demand is identified as a top priority for 2026, with boosting consumption being crucial for this goal, leveraging the large population and the irreversible trend of consumption upgrading [3]

Core Viewpoint - The article emphasizes the importance of expanding domestic demand and enhancing consumption as key strategies for China's economic growth in 2026, highlighting the potential for new investment opportunities and market dynamics [3][4][11]. Group 1: Economic Context and Trends - 2026 marks the beginning of the "15th Five-Year Plan," with a focus on leveraging positive factors for economic growth and investment opportunities [2]. - The consumer market in China is vibrant, driven by various trends such as the "Su Chao" economy and the popularity of rural cultural tourism, indicating the immense potential of the super-large market [2]. Group 2: Domestic Demand and Consumption - The central economic work meeting prioritizes "domestic demand as the main driver" to build a strong domestic market, underscoring the urgency of expanding domestic demand strategies [3]. - China's population of over 1.4 billion and more than 400 million middle-income individuals provide a solid foundation for domestic demand growth, despite current challenges of insufficient demand [4]. Group 3: Policy Measures and Implementation - The government aims to enhance consumer capacity through targeted policies, including the "Urban and Rural Residents Income Increase Plan," which aligns income growth with economic development [5][4]. - The implementation of consumption upgrade policies, such as the "old-for-new" program, has already driven significant sales, with over 2.5 trillion yuan in sales linked to these initiatives [9]. Group 4: Supply and Demand Adaptation - There is a need to address the mismatch between strong supply and weak demand by enhancing the adaptability of supply to changing consumer preferences [6]. - The government plans to promote high-quality goods and services, with a goal of achieving a high-quality development pattern by 2030, where supply and consumption interact positively [6]. Group 5: Future Growth Opportunities - New consumption growth points are expected to emerge in areas such as product quality enhancement, service expansion, digital upgrades, and green health [11]. - The "Implementation Plan for Enhancing the Adaptability of Consumer Goods Supply and Demand" aims to establish three trillion-yuan consumption sectors and ten hundred-billion-yuan consumption hotspots by 2027 [12].

Group 1 - The core argument is that monetary policy can expand domestic demand by changing the interaction behaviors of countless micro-individuals, focusing on altering market expectations and ensuring that businesses and residents can calculate their benefits [2][9][16] - The effectiveness of monetary policy relies on the central bank's commitment to a clear inflation target and significantly lowering policy interest rates to stimulate investment and consumption [2][10][16] - Historical examples, such as the actions taken by the Federal Reserve during the 2008 financial crisis and the Bank of Japan under Kuroda, illustrate how aggressive monetary policies can lead to economic recovery and increased consumer confidence [4][6][7][16] Group 2 - In China, the economy faces challenges of insufficient demand, with private fixed asset investment experiencing negative growth for the first time since 2005, indicating a lack of confidence among businesses and consumers [13][14] - The low return on assets (ROA) for listed companies and the minimal difference between ROA and long-term financing rates suggest that investment attractiveness is currently very low, impacting private investment decisions [15] - The current housing market dynamics show that despite low mortgage rates, the negative growth in housing prices makes buying less attractive compared to renting, which puts downward pressure on property prices [15][16]

Group 1 - The latest data from the National Bureau of Statistics indicates that the domestic CPI rose by 0.8% year-on-year in December 2025, surpassing the previous value of 0.7%, with a month-on-month increase of 0.2%, marking a near three-year high [1] - The month-on-month increase in CPI is primarily driven by rising prices of industrial consumer goods excluding energy, which increased by 0.6%, contributing approximately 0.16 percentage points to the CPI increase [1] - The core CPI, excluding food and energy, rose by 1.2% year-on-year, maintaining a growth rate above 1% for four consecutive months, indicating a positive trend [1] Group 2 - The main factors affecting CPI include energy and automobile prices, with energy prices decreasing by 0.5% month-on-month and gasoline prices down by 1.2% [2] - PPI showed an expanding month-on-month increase and a narrowing year-on-year decline, with positive factors stemming from industry capacity governance and market competition order improvements [2] - International commodity prices, particularly for non-ferrous metals, have positively impacted domestic PPI levels, while the decline in international oil prices has negatively affected domestic oil extraction and refining prices [3] Group 3 - The current price recovery is a direct result of the demand-side expansion and supply-side governance policies in 2025, characterized by structural features and policy-driven characteristics [3] - The transition from short-term policy-driven effects to sustainable market-driven growth is a key task for 2026, with strong price expectations playing a crucial role in boosting investment and consumption [3] - Continued efforts to expand domestic demand and improve supply-demand relationships are essential for stabilizing the real estate market and stimulating stock market vitality, promoting a virtuous cycle in the Chinese economy [4]

Group 1 - The core viewpoint of the articles indicates a positive trend in price recovery for 2025, with CPI and PPI showing simultaneous growth, suggesting a foundation for price warming in 2026 [1][2][3] - CPI increased by 0.8% year-on-year, surpassing the previous value of 0.7%, and the month-on-month CPI rose by 0.2%, marking a three-year high [1] - The rise in CPI is primarily driven by the increase in industrial consumer goods prices, excluding energy, which rose by 0.6%, contributing approximately 0.16 percentage points to the CPI increase [1] Group 2 - PPI showed a month-on-month increase of 0.2%, marking three consecutive months of growth, with the growth rate expanding by 0.1 percentage points compared to the previous month [1][2] - The improvement in PPI is attributed to industry capacity governance and market competition order, which have positively influenced supply-demand structures, leading to price increases in certain sectors [2][3] - International commodity prices, particularly in non-ferrous metals, have positively impacted domestic PPI levels, while the decline in international oil prices has negatively affected domestic oil extraction and refining prices [3] Group 3 - The current price recovery is a direct result of coordinated demand-side expansion and supply-side governance policies, with structural characteristics and policy-driven features [3] - The sustainability of this price recovery and its transmission to broader investment and consumption expectations will determine whether the economy can enter a virtuous cycle in 2026 [3] - Continued efforts to expand domestic demand and improve supply-demand relationships are essential for stabilizing the real estate market and stimulating the stock market, which will facilitate smoother transmission from PPI to CPI [4]

本报讯（记者莫岚远）1月9日，市政协召开第八十三次主席会议。市政协党组书记、主席杨维超主持会 议并讲话。 杨维超强调，组织开好市政协十二届六次会议，为"十五五"新发展夯实基础。要牢固树立"一盘棋"理 念，以高度的责任感使命感，高标准、高效率、高质量完成会议各项筹备工作，确保大会召开圆满成 功。要认真做好2026年工作，强化思想政治引领，提高协商议政质量，深入开展"服务为民"活动，守正 创新提质增效，以改革创新精神加强履职能力建设，实现政协自身建设新提升，为建设现代化人民城市 作出新贡献。 会议传达学习习近平总书记二〇二六年新年贺词和在2025年12月25日中央政治局会议、在中共中央政治 局民主生活会、在全国政协新年茶话会上的重要讲话精神，对未成年人思想道德建设、对中央企业工作 作出的重要指示精神，在《求是》杂志发表的重要文章《学习好贯彻好党的二十届四中全会精神》《扩 大内需是战略之举》；传达学习2025年12月22日、29日自治区党委常委会会议精神，自治区党委书记陈 刚在全区经济工作会议、全区县域经济高质量发展暨城市工作会议上的讲话精神，在南宁调研时的指示 要求；传达学习2025年12月26日市委常委会会议精 ...