Core Viewpoint - The ongoing Beijing Municipal People's Congress is reviewing the draft outline of the 15th annual economic and social development plan, emphasizing the importance of expanding domestic demand and optimizing the business environment to support high-quality economic development in the capital [1]. Group 1: Expanding Domestic Demand - Beijing has positioned the expansion of domestic demand as a key driver for high-quality development, achieving significant results such as innovation-driven growth, optimized investment structure, and improved consumption patterns [2]. - The city has maintained a research and development expenditure intensity of around 6%, ranking among the top global innovative cities, with a focus on transforming innovation outcomes into industrial applications [2]. - By 2025, the added value of strategic emerging industries and high-tech manufacturing in Beijing is expected to grow by 15.5% and 7.5% respectively, indicating a new growth pattern driven by technology-enabled industrial upgrades [2]. Group 2: Consumption Structure Upgrade - The total consumption in Beijing has increased by 1.6%, with service consumption growing by 5.0%, marking a shift towards a service-led consumption model [3]. - Retail sales of high-end and green products, such as jewelry, cosmetics, and new energy vehicles, have seen significant growth rates of 39.5%, 12.6%, and 13.2% respectively, reflecting a trend towards higher quality consumption [3]. Group 3: Strategic Significance of Expanding Domestic Demand - Expanding domestic demand is crucial for enhancing economic resilience and supporting high-quality development in Beijing, especially in the context of external shocks and domestic transformation [5]. - A strong domestic market is essential for Beijing's role as an international technology innovation center and is a core pathway for promoting common prosperity [6]. Group 4: Recommendations for Strengthening Domestic Demand - Suggestions include enhancing residents' consumption willingness and capacity, driving supply-side innovation, and reinforcing institutional guarantees to create a conducive market environment [7]. - The focus should be on improving the income distribution mechanism to ensure fair sharing of economic gains among skilled and innovative workers [7]. Group 5: Optimizing Business Environment - The "15th Five-Year" plan emphasizes the continuous improvement of the business environment as a key goal, aiming for a market-oriented, law-based, and internationalized business landscape [8]. - Enhancing the business environment is vital for attracting high-quality development factors such as capital, technology, and talent, thereby boosting market confidence and vitality [8]. Group 6: Future Directions for Business Environment Improvement - Future efforts should focus on market access, fair competition, property rights protection, and regulatory efficiency to address the real challenges faced by businesses [9]. - Recommendations include advancing market-oriented reforms, strengthening legal foundations, and enhancing the international openness of the business environment [9][10]. Group 7: Integration of Education, Technology, and Talent - Beijing is transitioning from fragmented management of education, technology, and talent to an integrated approach, aiming to address systemic barriers and enhance collaboration [13]. - Initiatives like the "启研计划" support early exposure of students to research, fostering innovation talent from a young age [13][14]. Group 8: Role of Peking University - Peking University is encouraged to evolve from a passive participant to an active reform demonstrator and ecosystem enabler in the integration of education, technology, and talent [16]. - The university should leverage its academic leadership to break down institutional barriers and design a multi-dimensional evaluation system that aligns academic contributions with industry needs [16][17].

国家发展改革委副主任王昌林日前在国新办发布会上表示，当前，我国经济运行存在供强需弱的问题， 供给到了从"有没有"到"好不好"的阶段。下一步，宏观政策的发力点将放在做强国内大循环上，重点适 应需求升级的趋势。记者了解到，下一步，我国将制定出台2026－2030年扩大内需战略实施方案。为重 点推进服务消费，今年相关部门还将推动实施服务业扩能提质行动。 扩大内需的同时，强化科技创新支撑引领、构建现代化产业体系也在各地2026年重点工作中居于重要位 置。其中，在创新方面，多地重点提及"科技成果应用转化"。 （来源：经济日报） 转自：经济日报 近日，浙江、北京、广东等地陆续召开地方两会，于"十五五"开局的关键节点，谋划未来五年发展蓝图 和2026年全年重点目标任务。翻看今年各地政策着力点，强化科技创新支撑引领、构建现代化产业体 系、挖掘有效需求潜力居于重要位置，"服务消费潜力""科技成果转化应用""新兴支柱产业"等成为各地 政府工作报告中的高频词。 敲定经济增长预期目标是地方两会的一项重要内容。目前，浙江、北京、河南、天津、广东、河北等地 两会已陆续召开，并公布了2026年经济增长预期目标。其中，天津的目标是4.5％， ...

Core Viewpoint - The Chinese economy is in the early stages of recovery in 2025, with 2026 being a crucial year for sustaining this recovery through effective counter-cyclical policies, particularly in monetary policy [2][3]. Economic Indicators - In 2025, various financial indicators such as the stock market, RMB exchange rate, social financing growth, and corporate deposits showed significant improvement, indicating early signs of economic recovery [3]. - Corporate profits have halted a multi-year decline, and overall consumption and labor market conditions are stable [3]. Factors Driving Recovery - The recovery is primarily driven by three factors: 1. Support from counter-cyclical policies, especially increased government borrowing and spending [3]. 2. Successful navigation of the tariff war initiated by the U.S., which helped maintain export momentum [3]. 3. Price adjustments over previous years have provided support for market rebounds [3]. Weaknesses in Recovery - The foundation of the economic recovery is fragile, heavily reliant on fiscal borrowing and external demand, with insufficient internal growth drivers [3]. - Weak investment willingness from private enterprises and low consumer confidence in housing and spending are significant concerns [3]. Private Investment Concerns - From 2010 to 2021, the average return on assets for listed companies was 6.7%, while the average yield on 10-year government bonds was 3.4%, resulting in a consistent spread of 3.3% [4]. - However, from 2022 to 2025, the average return on assets dropped to 2.7%, and the yield on government bonds fell to 2.4%, narrowing the spread to only 0.3%, which negatively impacts private investment enthusiasm [4]. - The average growth rate of private fixed asset investment fell from 14.4% (2010-2021) to -1.2% (2022-2025) [4]. Housing Market Dynamics - The report indicates that the cost of buying a home has become less favorable compared to renting, with mortgage rates averaging 3.9% and second-hand home price growth at -4.8% from 2022 to 2025, leading to a buying cost of 8.7% [5]. - This unfavorable comparison has exerted downward pressure on housing prices [5]. Impact of Interest Rates - Interest rates significantly influence housing prices, with even minor reductions in rates having substantial effects on price increases [6]. - The decline in private investment has weakened overall spending growth, leading to slower income growth for residents, which adversely affects consumption [6]. Policy Recommendations - The report suggests maintaining necessary government borrowing and spending while emphasizing the importance of loose monetary policy in expanding domestic demand [7]. - Monetary policy should aim to improve expectations and optimize the budget constraints and incentives for both corporate investment and consumer spending [7]. - Achieving these changes requires a decisive stance from the central bank on inflation targets and a significant reduction in policy interest rates [7].

图 阿雷 2026政府工作报告 "十四五"时期工作回顾 "十四五"时期是甘肃发展极不寻常、极 不平凡的五年。在迈上现代化建设新征程的重 要时点,习近平总书记第三次亲临视察,为我 省发展把脉定向、指路领航,殷殷嘱托重若千 钧,深情关爱温润陇原。在以习近平同志为核 心的党中央坚强领导下,省委团结带领全省广 上下加科人 取壮川口ピデザイル中国社公式 推进工业强省产业兴省。 加快构建现代化基础设施体系, 着力强化发展的支撑保障。 巩固拓展脱贫攻坚成果,扎实推 进城乡融合发展。 全面深化改革扩大开放,有效激 发发展活力。 系统强化生态环境保护,持续 厚植绿色基底。 入丁郡併入, 空付以刁匹半利叫几十国行巴伍 会主义思想为指导,深入贯彻落实习近平总书 记视察甘肃重要讲话重要指示精神,战疫情、 拼经济,扬优势、促发展,抗大灾、保民生, 推动幸福美好新甘肃建设取得重大成就,中国 式现代化甘肃实践迈出坚实步伐。 这是追赶进位、综合实力快速跃升的五年。 这是扬优聚势、产业发展升级焕新的五年。 这是招大引强、开放合作成果丰硕的五年。 这是加力提质、民生福祉全面增进的五年。 这是攻坚克难、发展安全有效统筹的五年。 FE A 的 F ...

岁末年初，国内外各大研究机构密集发布了2026年中国经济展望报告，尽管对增长数字的预判上存有差 异，但都不约而同地指向了一个核心判断，"在结构分化下温和修复，中国经济增长的确定性和可持续 性不断增强"。 这是一个承前启后与深度转型的年份，传统增长引擎调整与新动能崛起深度交织，发展的战略机遇和风 险挑战并存。这也是一个动能转换与信心重建的年份，从"有没有"转向"好不好"，把"不可能"变成"一 定能"，为未来5年中国经济擘画蓝图，也为世界增长提供"机遇清单"。 变"大写意"为"工笔画" "'十五五'规划将是我们每个人的底气"——如果用一句话概括"十五五"规划，这可能是最为精恰的表达 了。曾有西方国家领导人到访中国时感叹，"我对中国最好奇的，就是你们的五年规划"。其实，他的好 奇里，正藏着中国经济社会持续发展的密码。 有机构调查显示，中国的五年规划编制是近一个时期以来最热门的话题之一。中国经济持续多年的稳健 增长，超大规模市场优势、完整的产业链供应链能力以及中国的发展模式与经验，吸引了海外学者们的 广泛关注。 一部发展史，也是一部规划史。新中国成立以来，除1950年至1952年国民经济恢复期、1963年至1965年 ...

在"十四五"规划圆满收官、"十五五"蓝图蓄势启幕的关键之年，2025年我国经济展现出强大韧性与发展 活力。面对世界经济复苏动力不足，地缘政治冲突多点频发，国际经贸规则体系深刻调整，全球产业链 供应链加速重构的复杂环境，我国国民经济运行稳中有进。2026年是"十五五"规划的开局之年，我国经 济发展仍处于重要战略机遇期，同时也面临诸多风险挑战。要立足"大宏观"视角，通过强化稳定政策、 增长政策、结构政策之间的协调配合，进一步增强宏观政策取向一致性，提高宏观政策有效性，为推动 经济持续回升向好提供更有力的政策保障。 2025年宏观经济稳中有进 第三，从消费与投资两端发力，补齐需求侧短板。扩大内需不是权宜之计，而是战略之举，要从消费与 投资两端共同发力，着力扩大内需。在消费端，一是通过稳岗扩岗、发展新业态，完善工资增长机制， 夯实居民"能消费"的收入基础；二是加大教育、医疗等民生领域财政投入并深化改革，减轻居民消费的 后顾之忧，增强居民"敢消费"的信心；三是强化消费者权益保护，创新数字、绿色、智能场景，优化居 民"愿消费"的体验环境，并放宽健康、养老、托幼、家政等服务领域准入门槛、优化行业监管，以高质 量供给激发多元 ...

广东着眼打造具有全球影响力的产业科技创新中心，提出要大力推进新技术、新产品、新业态、新模式 的创新应用，完善首台套首批次首版次应用支持政策。北京强调加快重大科技成果高效转化应用，提升 概念验证、中试孵化等平台服务能力。 值得注意的是，多地重点提及了加快推动人工智能推广应用。2025年1月，来自浙江的DeepSeek（深度 求索）上线，引发全球关注。浙江省今年的政府工作报告不仅提及"阿里千问、DeepSeek等通用模型性 能全球领先"，还提出推动人工智能创新发展，特别是推动场景资源开放和大规模应用，并明确人工智 能核心产业营收增长20%以上。数据显示，2025年浙江省人工智能核心产业营收6800亿元左右，按此目 标计算，2026年将有望超8000亿元。广东也强调加快推进人工智能全域全时全行业高水平应用，在芯 片、算力、算法、数据、应用等领域固本强基、培优增效，加快做强产业全链条。 近日，浙江、北京、广东等地陆续召开地方两会，于"十五五"开局的关键节点，谋划未来五年发展蓝图 和2026年全年重点目标任务。翻看今年各地政策着力点，强化科技创新支撑引领、构建现代化产业体 系、挖掘有效需求潜力居于重要位置，"服务消费潜 ...

2025 £ 支出预算实际完成11516.1亿元,增长0.5% 全力落实更加积极的财政政策,多 措并举推动扩大内需 ●下达超长期特别国债等资金 283.4亿元,支持 456个设备更新项目建设和汽车、家电等领域消费 品以旧资新 ● 全年发行新增专项债券 1361.4亿元用于项目建 设,十地储备,收购存量商品院用作保障性住房资。 其中用作项目资本金额度213.8亿元,政府投资播 动作用得到充分发挥 ●下达超长期特别国债"两重"和国省基建投资 419 亿元,支持实施一批重大民生和基础设施项目 ●下达175.1亿元,推动构建现代公路"一张网"和 现代化内河航运体露 ●引导省属金融企业通过各类金融业务投放资金融 1.3万亿元,进一步提升服务实体经济质效 推动科技创新和产业创新深度融 (2) 合,促进新质生产力加快培育壮大 ●安排20亿元制造业高质量发展专项资金,推动加 快建设制造强省 ●下达46.7亿元,支持省科学院创新发展、省实验 室高标准入轨运行,推动中原科技城、中原医学科学 城、中原农谷建设整体起势 ●安排 7.2亿元,支持科技创新平台建设和科技成 奥转移转化 ●安排13.3亿元,强化高层次人才引育 ● 全省支持 ...

筑牢国内大循环"主阵地"，激活经济高质量"新引擎"，需要推进全国统一大市场建设，畅通循环。主要 指"五统一、一开放"。统一市场基础制度，即实现产权保护、市场准入、公平竞争、社会信用、质量标 准等制度的统一，这是市场高效运行的前提；统一市场基础设施，即打通物流、资金流、信息流，健全 现代商贸流通体系，降低物流和交易成本，这是打通商品要素流动的物质保障；统一政府行为尺度，即 健全防范行政权力干预市场的制度，避免各地政策"各自为政"，保障市场公平竞争；统一市场监管执 法，即明确市场监管行政处罚裁量基准，统一监管规则与程序，杜绝多头执法、违规执法，保障各类经 营主体公平参与竞争；统一要素资源市场，即促进土地、劳动力、资本、技术、数据等要素自由流动、 高效配置，完善要素价格市场决定机制，破解要素流动壁垒；持续扩大对内对外开放，即强调对内破除 地方保护与区域壁垒，对外主动对接国际高标准经贸规则，扩大商品、服务、资本等领域开放，推动国 内国际两个市场良性互动、开放联通。 筑牢国内大循环"主阵地"，激活经济高质量"新引擎"，需要更大力度综合施策扩大内需，拓展增量。一 是要夯实"能消费"的收入基础，让居民"有钱花"。要落实就业 ...

筑牢产业根基、着力扩大内需、深化改革开放、提速城市更新、巩固申遗成果……1月26日，在北京市 第十六届人民代表大会第四次会议"解读北京市国民经济和社会发展第十五个五年规划纲要"专题新闻发 布会上，市发展改革委、市住房城乡建设委、市委宣传部等相关负责人分别对北京市"十五五"期间的重 点任务进行解读。 万亿投资、千亿地标、万亿产业集群 "十五五"时期，北京将主动服务和融入新发展格局、推动经济持续健康发展，安排了筑牢产业根基、着 力扩大内需、深化改革开放等重点任务。北京市发展改革委党组书记、主任杨秀玲就"十五五"规划纲要 （以下简称"规划纲要"）作了详细介绍。 打造千亿级融合消费新地标 实施扩大内需战略是更高效率促进经济循环的关键支撑。规划纲要指出，"十五五"时期，坚持惠民生和 促消费、投资于物和投资于人紧密结合，全面激发有潜能的消费。 杨秀玲表示，"十五五"时期，要构建更具活力的内需体系，"促进投资与消费良性互动，深化国际消费 中心城市建设，推进文商旅体展融合发展，打造2—3个千亿级融合消费新地标"。 根据规划纲要，"十五五"时期，北京要建设文商旅体融合发展的消费集聚区。打造2—3个千亿级融合消 费新地标，将环球 ...