Group 1 - The core focus for 2026 includes implementing eight key areas of work, with a strong emphasis on boosting consumption and creating the "Buy in China" brand [1] - The initiative aims to enhance service consumption, optimize the old-for-new policy for consumer goods, and develop an international consumption environment [1] - The establishment of a modern market and circulation system is crucial for advancing the unified national market, with a focus on retail innovation and integrated domestic and foreign trade [1] Group 2 - The meeting emphasizes promoting trade innovation and establishing the "Export China" brand, with a focus on optimizing goods trade and developing service trade [2] - Efforts to attract foreign investment will include enhancing the "Invest in China" brand and improving the foreign investment service guarantee system [2] - The strategy includes aligning with international high-standard economic and trade rules and enhancing the effectiveness of open platforms, particularly in free trade zones [2]

Core Viewpoint - The national business system in China will focus on eight key areas in 2026, including boosting consumption, trade innovation, and foreign investment, while enhancing international cooperation and risk management [1][2] Group 1: Consumption and Trade - The first priority is to implement a special action to boost consumption, aiming to create the "Buy in China" brand by fostering new growth points in service consumption and optimizing policies for upgrading consumer goods [1] - The meeting emphasizes the need to innovate in trade, promoting the "Export China" brand through the optimization of goods trade and the development of service trade, digital trade, and green trade [2] Group 2: Foreign Investment and International Cooperation - To attract foreign investment, the focus will be on creating new advantages and enhancing the "Invest in China" brand by expanding service sector openness and improving investment promotion levels [2] - The meeting calls for aligning with international high-standard economic and trade rules and advancing the construction of open highlands, including enhancing the Hainan Free Trade Port's trade and investment facilitation [2] Group 3: Risk Management and Multilateral Cooperation - Effective management of outbound investment is crucial as Chinese companies expand internationally, with an emphasis on guiding cross-border supply chain layouts and strengthening overseas project supervision [2] - The meeting also highlights the importance of multilateral economic cooperation, expanding the free trade zone network, and improving the legal framework related to foreign trade [2]

Group 1 - The core focus of the national business system is to implement eight key initiatives to boost consumption, trade, and investment by 2026, marking the beginning of the 14th Five-Year Plan [1][2] - The first priority is to enhance the "Buy in China" brand by fostering new growth points in service consumption, optimizing the old-for-new consumption policy, and creating an international consumption environment [2][3] - The meeting emphasizes the importance of developing digital, green, and health consumption to invigorate the lower-tier market [2] Group 2 - The initiative to promote the "Export China" brand includes optimizing and upgrading goods trade, significantly developing service trade, and encouraging service exports [2][3] - The focus is on innovating digital and green trade while promoting the integration of trade and investment [2] - To attract foreign investment, the strategy includes expanding autonomous openings in the service sector and enhancing the foreign investment service guarantee system, thereby polishing the "Invest in China" brand [2][3] Group 3 - The meeting outlines the need for effective management of foreign investments, guiding cross-border supply chain layouts, and enhancing overseas service systems [3] - It also highlights the importance of deepening "Belt and Road" economic cooperation and developing cross-border e-commerce [3] - The agenda includes expanding and enriching the free trade zone network and improving the legal framework related to foreign trade [3]

Group 1 - The core focus of the national business system in 2026 will be on eight key areas, including consumption, trade, foreign investment, and risk management [1] - The first priority is to implement a special action to boost consumption, aiming to create the "Buy in China" brand and enhance service consumption [1] - There will be efforts to optimize the old-for-new policy for consumer goods, promote the upgrade of commodity consumption, and develop an international consumption environment [1] Group 2 - The meeting emphasized the need to promote trade innovation and establish the "Export China" brand, focusing on optimizing goods trade and developing service trade [2] - In attracting foreign investment, the goal is to enhance the "Invest in China" brand by expanding service sector openness and improving investment promotion levels [2] - The meeting called for aligning with international high-standard trade rules and advancing the construction of open platforms, including enhancing the Hainan Free Trade Port [2]

Group 1 - The Consumer Price Index (CPI) in December 2025 increased by 0.8% year-on-year, marking the highest level since March 2023, with a month-on-month increase of 0.2% [1] - The Producer Price Index (PPI) showed a positive trend with a month-on-month increase for three consecutive months, indicating a narrowing year-on-year decline and positive price changes in certain industries [1] - The rise in CPI and PPI reflects a reasonable recovery in price operations, signaling economic recovery, increased demand, and enhanced corporate vitality [1] Group 2 - The core CPI, excluding food and energy, rose by 1.2% year-on-year, maintaining above 1% for four consecutive months, indicating improved market dynamics and corporate development [2] - The positive PPI trend alleviates concerns about continuous industrial profit contraction, suggesting that stable prices can lead to positive feedback in investment, employment, and credit [2] - Looking ahead to 2026, the focus will be on balancing price stability and industrial transformation, with macroeconomic policies aimed at stabilizing supply and enhancing corporate competitiveness [2]

Group 1: CPI Analysis - In December 2025, the Consumer Price Index (CPI) increased by 0.2% month-on-month and 0.8% year-on-year, marking the highest level since March 2023 with a 0.1 percentage point increase from November [1] - The core CPI rose by 1.2% year-on-year, maintaining a growth rate above 1% for four consecutive months [5] - The increase in CPI was primarily driven by rising prices of industrial consumer goods, excluding energy, and a significant rise in food prices, particularly fresh fruits and seafood [4][6] Group 2: PPI Analysis - The Producer Price Index (PPI) fell by 1.9% year-on-year in December 2025, but the decline was less severe than in November, with a 0.3 percentage point narrowing of the drop [3][7] - Month-on-month, the PPI increased for three consecutive months, indicating a strengthening trend [3] - Factors contributing to the PPI increase include seasonal demand improvements and rising prices in the non-ferrous metals sector, which have been supported by anti-involution measures [7][8] Group 3: Sector-Specific Insights - The prices in the non-ferrous metal mining sector have been rising for 22 consecutive months, driven by both international demand for key metals and domestic growth in high-end manufacturing sectors such as lithium batteries and photovoltaic equipment [9] - The government's policy to stabilize growth in the non-ferrous metal industry aims for an average annual increase of 5% in value-added output from 2025 to 2026 [9]

新华社北京1月11日电（记者谢希瑶）打造"购在中国"品牌、打响"出口中国"品牌、擦亮"投资中国"品 牌……2026年是"十五五"开局之年，记者从1月10日至11日在京召开的全国商务工作会议上了解到，全 国商务系统2026年将重点做好深入实施提振消费专项行动等八个方面工作。 这八个方面工作涉及消费、流通、贸易、外资、对接国际规则、对外投资、多双边经贸合作、防范化解 风险等领域。 具体来看，"深入实施提振消费专项行动"是重点工作之首，将着力打造"购在中国"品牌。全国商务系统 将加快培育服务消费新增长点，释放服务消费潜力；优化消费品以旧换新政策实施，推动商品消费扩容 升级；打造国际化消费环境。发展数字消费、绿色消费、健康消费，激发下沉市场消费活力。 健全现代市场和流通体系是推进全国统一大市场建设的重要抓手。会议提出，加强制度保障，优化设施 载体，推动零售业创新发展，完善现代商贸流通体系，深入推进试点城市建设。推进内外贸一体化。 我国坚定以高水平对外开放的确定性应对外部环境的不确定性，深化多双边经贸合作，推动多领域合作 共赢。 会议提出，推动贸易创新发展，打响"出口中国"品牌。优化升级货物贸易，大力发展服务贸易，鼓励 ...

Core Insights - The National Business Work Conference held on January 10-11 emphasizes eight key areas for the national business system to focus on by 2026 [1] Group 1: Consumer and Market Development - Implement special actions to boost consumption and create the "Buy in China" brand, focusing on service consumption growth and optimizing the old-for-new policy for consumer goods [1] - Establish a modern market and circulation system, promoting a unified national market and enhancing retail innovation [1] Group 2: Trade and Investment - Promote trade innovation and establish the "Export China" brand, with a focus on upgrading goods trade and developing service trade [1] - Enhance foreign investment attractiveness and promote the "Invest in China" brand by expanding service sector openness and improving investment support systems [1] Group 3: International Cooperation and Risk Management - Align with international high-standard economic and trade rules to advance the construction of open highlands [1] - Strengthen bilateral and multilateral economic cooperation, implementing global initiatives and expanding free trade zone networks [1] - Focus on risk prevention and management, improving legal frameworks and trade risk control mechanisms to maintain supply chain resilience [1]

Group 1 - In December 2025, the Consumer Price Index (CPI) increased by 0.8% year-on-year, with the growth rate expanding by 0.1 percentage points compared to the previous month, and a month-on-month increase of 0.2% [4] - The implementation of policies promoting the replacement of consumer goods has boosted consumption, particularly in sectors such as automobiles, mobile phones, and home appliances [7] Group 2 - In December, the Producer Price Index (PPI) rose by 0.2% month-on-month, marking the third consecutive month of increase, with the growth rate also expanding by 0.1 percentage points compared to the previous month [11] Group 3 - The national rural water supply coverage has reached 96%, with significant progress in water infrastructure projects, including the completion of 9,420 rural water supply projects benefiting 134 million rural residents [15] - During the "14th Five-Year Plan" period, 181 major water conservancy projects are underway, which is an increase of 65 projects compared to the previous five-year plan [18] Group 4 - Since the implementation of the "Australian and Hong Kong vehicles northbound" policy in 2023, over 200,000 vehicles have been registered, with a total of 8.43 million crossings recorded at the border, averaging 18,000 vehicles per day [23]

Group 1: CPI Analysis - In December 2025, the Consumer Price Index (CPI) increased by 0.2% month-on-month and 0.8% year-on-year, with core CPI (excluding food and energy) rising by 1.2% year-on-year [1][3] - The rise in CPI was primarily driven by increased prices in non-energy industrial consumer goods, with a 0.6% increase in these prices contributing approximately 0.16 percentage points to the month-on-month CPI increase [2] - Food prices rose by 0.3%, contributing about 0.05 percentage points to the month-on-month CPI increase, with notable increases in fresh fruits and seafood prices due to heightened pre-holiday demand [2][4] Group 2: PPI Analysis - The Producer Price Index (PPI) rose by 0.2% month-on-month in December 2025, marking the third consecutive month of increase, while the year-on-year decline narrowed to 1.9% [5] - The month-on-month PPI increase was attributed to improved supply-demand dynamics in certain industries and rising prices in non-ferrous metals, reflecting a seasonal demand increase [6] - Positive changes in PPI were noted in various sectors, including a reduction in price declines for coal mining, lithium-ion battery manufacturing, and photovoltaic equipment, indicating a strengthening market competition [6] Group 3: Economic Outlook - The overall changes in CPI and PPI in December indicate a stable and improving economic environment in China, with a gradual recovery in demand and ongoing structural optimization in supply [7]