让有消费能力的群体带头消费，政策引导与边界界定缺一不可。习近平总书记指出："要有序取消一些 行政性限制消费购买的规定，释放消费潜力。"这需要政策、制度甚至法律层面精准发力，体现包容、 合理。当然，这些既要为消费"松绑"，又要划清"红线"。必须严格区分合理消费与铺张浪费、个人消费 与公款消费的本质区别，在鼓励品质消费、多渠道消费、适度超前消费的同时，又坚守纪律底线，杜绝 公款消费和奢靡之风。近年来，多地实践证明政策"松绑"的有效性：重庆破除二手车流通堵点卡点，海 南公开征集消费限制优化建议，北京定向增发新能源小客车指标等，这些举措都有效激活了相关领域消 费潜力。此外，要完善消费维权机制，优化消费环境，让有消费能力的群体"能消费、敢消费、愿消 费"，推动形成全社会消费升级的良好氛围。 长期以来，全球经济发达体在经济承压时，无不通过引导消费稳增长。如公职人员带薪休假，以及各地 创新假期制度的推行，就展现了显著的带动效果：如今年黄山等地针对"秋假"推出免门票活动，成功将 传统旅游淡季转化为消费旺季；北方地区同步探索"雪假"模式，吉林的"雪假"首日，重点冰雪场所接待 游客超5万人次，部分景区客流量同比翻倍。这些数据生动 ...

Group 1 - The consumer sector is showing signs of recovery under the policy direction of expanding domestic demand, with public funds increasing their investments in this area [1][2][4] - Several leading fund companies, including GF Fund, Penghua Fund, and Huaxia Fund, have launched new food-themed funds for the first time in four years, indicating renewed interest in the consumer sector [2][3] - The tourism and airline sectors have performed well recently, with a notable net inflow of over 680 million yuan into the tourism ETF managed by Fortune Fund, approaching historical highs [4][5] Group 2 - Fund managers are increasingly focusing on the consumer sector, with some actively increasing their positions in stocks related to service consumption, such as airlines and tourism [4][6] - The recovery momentum in consumer spending has been evident since the fourth quarter, with improvements in CPI and prices in service consumption and food sectors [5][6] - Experts suggest that expanding domestic demand will be a key task for the upcoming year, with potential structural changes in consumption that could enhance consumer spending [6][7] Group 3 - The current valuations of many segments within the consumer sector are at historically low levels, which may benefit from policy support and lead to performance improvements for companies [6][7] - Seasonal factors, such as the upcoming New Year and Spring Festival, are expected to boost consumer spending, particularly in service-oriented sectors [7]

扩大内需是满足人民美好生活需要的战略之举。落实这一战略，我们既要瞄准产业升级、大宗消费 等"高大上"的抓手，筑牢内需体系的"四梁八柱"；也不能忽视圩日、市集这类"小而全""接地气"的消费 场景。它们是国民经济网络中最密集的"毛细血管"，直接连通最广大的城乡居民。一笔笔看似零散的小 交易，汇聚起来便是庞大的消费江河，最直接地惠及广大农户、小微商户，稳稳地支撑着基层就业与民 生福祉。 当然，要让古老的圩日持续涌动新活力，需要我们以创新的眼光和务实的举措去"接续"。在保留其原生 烟火气和自由氛围的前提下，可以着力改善基础设施，让赶圩更便捷舒心；深入挖掘本地独特的物产、 手艺与文化故事，将圩日升级为可沉浸、可体验的乡土文化窗口；积极拥抱数字化，让直播、电商成为 延伸圩场边界、连接更广阔市场的桥梁。而这些，都需要地方治理展现更多的智慧与温度，在规范与引 导中精心呵护那份自发生长的生命力。 曹洼大集的烟火，福建圩日的喧闹，都在诉说着同一个主题：经济的韧性与活力，深深植根于亿万普通 人具体而细微的生活热情与消费选择之中。扩大内需，既需要顶层的战略谋划，也离不开对市井乡间每 一缕"烟火气"的珍视与点燃。当我们让传承百年的圩日 ...

Group 1: China-Thailand Economic Cooperation - China is promoting high-quality development, focusing on new productive forces in key areas such as biotechnology, new energy, and artificial intelligence, which aligns with Thailand's "Industry 4.0" strategy, laying a foundation for cooperation between the two countries [1] - In the first half of this year, the bilateral trade volume between China and Thailand reached $76.1 billion, a year-on-year increase of 17%, with China being Thailand's largest trading partner for 12 consecutive years [1] - Thailand's King Vajiralongkorn's state visit to China in November marks a milestone in bilateral relations, coinciding with the 50th anniversary of diplomatic relations [1] Group 2: Thai Investment in China - Thai companies have a long history of investment in China, with Charoen Pokphand Group being the first foreign enterprise to enter China post-reform, currently operating over 600 enterprises in China with direct investments ranging from 120 billion to 180 billion RMB [2] - Thai investments in China are concentrated across various provinces and sectors, evolving from traditional industries like agriculture to high-tech and quality sectors such as food processing, services, finance, logistics, and bioenergy [2] Group 3: Investment Environment in China - The Chinese government is continuously optimizing the investment environment, promoting high-level opening-up and deepening reforms, which includes establishing free trade zones and reducing negative lists for foreign investment [3] - The recently announced "14th Five-Year Plan" emphasizes expanding domestic demand and innovation, which will create new opportunities for international investors, including those from Thailand [3][4] Group 4: Chinese Investment in Thailand - Chinese enterprises are accelerating investments in Thailand, focusing on emerging industries such as new energy vehicles, digital infrastructure, new materials, and biotechnology, aligning with Thailand's industrial strategies [5] - Thailand is enhancing its infrastructure and workforce skills to better accommodate foreign investments, recognizing the importance of a robust ecosystem for attracting investment [5] Group 5: Social Acceptance of Chinese Investment in Thailand - There is a general positive sentiment towards Chinese investment in Thailand, with approximately 20% to 30% of the population having Chinese ancestry, leading to a welcoming attitude towards Chinese enterprises [6] - The cooperation between China and Thailand is mutually beneficial, with Thailand gaining from investments, domestic market growth, and export activities, fostering a win-win situation [6] Group 6: Trade Challenges and Opportunities - In the face of international trade uncertainties, strengthening bilateral ties is crucial for both countries, as highlighted by the recent royal visit from Thailand to China [7] - Thailand can serve as a reliable partner for Chinese enterprises, helping them export products to broader international markets, thus mitigating risks associated with trade challenges [7][8]

Core Viewpoint - The expansion of domestic demand is a strategic move for economic stability and security, emphasized by the central economic work conference, which prioritizes building a strong domestic market for the upcoming year [1]. Investment Perspective - Investment in traditional sectors is weakening, while high-tech industries are experiencing rapid growth. There remains significant investment potential in areas such as technological innovation, industrial upgrades, urban renewal, rural infrastructure, and public services [1]. - The investment structure needs optimization to adapt to changing economic development stages, focusing on human resource development, increasing government investment in livelihood projects, and enhancing investment in technology and low-carbon transition [2][4]. Consumption Perspective - Service retail sales have shown improvement, with a year-on-year growth of 5.4% in the first 11 months of the year. The potential for consumption will be further released through urban and rural income increase plans and special actions to boost consumption [1]. - The current consumer spending rate in China is 39.9%, which is still 10-30 percentage points lower than that of developed countries, indicating room for growth in service consumption [2]. Structural Challenges - The supply side shows saturation in goods consumption, while service consumption is on the rise. There is a need for high-quality and diversified service supply, which requires easing entry restrictions and rationalizing service pricing to attract more social capital [3]. Long-term Strategy - A combination of short-term policies and long-term institutional construction is necessary to create a sustainable mechanism for expanding domestic demand and addressing deep-seated issues related to insufficient demand and weak consumption [4]. - The urbanization of agricultural migrants is highlighted as a key strategy for boosting consumption and expanding domestic demand, necessitating effective public service provision and incentives for local governments [4].

Core Viewpoint - The consumer sector is showing signs of recovery under the policy direction of expanding domestic demand, with public funds actively investing in this area [1][2]. Group 1: Fund Activity - Public funds have accelerated their investment in the consumer sector, with several major fund companies launching new products focused on food and consumption themes [2][3]. - The first food-themed ETF in four years was launched, with a notable initial scale of 250 million yuan, and significant interest from institutional investors [2]. - Multiple fund companies have introduced active funds targeting consumer themes, indicating a renewed focus on this sector [3]. Group 2: Performance and Trends - The consumer sector, particularly service consumption such as tourism and aviation, has shown strong performance, with some funds reporting over 7% weekly gains [4]. - Recent data indicates a significant inflow of over 680 million yuan into tourism ETFs, pushing their total size close to historical highs [4]. - Analysts note that the current valuations in various consumer sub-sectors are at historically low levels, suggesting potential for valuation recovery driven by policy support [5][6]. Group 3: Future Outlook - Experts believe that the expansion of domestic demand will be a key focus in the coming year, with structural changes in consumption expected to drive growth [6][7]. - The likelihood of increased policy support for the consumer sector is anticipated, particularly for essential and discretionary consumption areas [6][7]. - Seasonal trends, especially around the New Year and Spring Festival, are expected to boost consumer activity, further strengthening the sector [7].

对话人： 李 拯 本报评论员 王一鸣 中国国际经济交流中心副理事长 李拯：激发民间投资积极性，才能更好激活经济内生动力。如何以政府投资撬动更多民间投资？ 王一鸣：民间投资占固定资产投资一半左右，是推动投资止跌回稳的重要力量。激发民间投资积极性， 既要落实短期政策，也要重视制度建设。一方面，要完善公平竞争的市场环境，进一步打通制约民间投 资的堵点卡点，支持民营企业参与铁路、核电等领域重大项目，引导民间投资向高技术、服务业等新赛 道拓展，激发民间投资活力。另一方面，要营造法治化营商环境，保护民营企业和民营企业家合法权 益，持续加力解决拖欠民营企业账款问题，坚决防止违规异地执法和趋利性执法，以更实举措增强民间 投资信心。 李拯：2024年我国居民消费率为39.9%，与发达国家相比仍有约10—30个百分点的差距，特别是服务消 费占比偏低。提振消费，还有哪些短板要补、哪些增量可挖？ 王一鸣："十五五"规划建议把"居民消费率明显提高"列为经济社会发展的主要目标之一。从需求侧看， 我国人均国内生产总值（GDP）已超过1.3万美元，正处在消费结构转型升级阶段，即生存型消费占比 下降，发展型消费占比提高。发展型消费如教育、健康 ...

"十四五"收官之年，我国交通运输经济运行情况如何？"十五五"开局之年，交通运输如何更好服务促消 费、扩内需？在国务院新闻办12月23日举行的新闻发布会上，交通运输部副部长李扬等介绍相关情况。 今年全社会跨区域人员流动量预计超660亿人次 "过去一年，交通运输经济运行总体平稳、稳中有进，圆满完成全年目标任务。"李扬介绍。 主要指标增长。今年完成交通固定资产投资预计超3.6万亿元，保持高位运行。完成营业性货运量预计 超580亿吨，同比增长约3.5%；港口外贸集装箱吞吐量增长约9.6%，国际航空货运增长20%。 服务能力提升。今年全社会跨区域人员流动量预计超660亿人次。城市轨道交通服务能力显著提升，54 个城市轨道交通运营里程超1.1万公里，日均客运量超9000万人次，枢纽机场轨道交通接入率达83.3%。 新质生产力发展。今年完成约1700公里高速公路、2200余处公路水路附属设施数字化改造。累计建成集 装箱、干散货自动化码头60座。 安全生产形势向好。前11月，全国铁路交通事故数量同比下降18.4%，公路水路行业事故数量同比下降 25.8%。 过去5年，"6轴7廊8通道"国家综合立体交通网主骨架基本贯通，连接超 ...

Group 1 - The core viewpoint of the meeting is to summarize the economic work of Guizhou province for 2025 and analyze the current economic situation to provide direction for next year's economic work [1] - The city of Zunyi aims to expand domestic demand as a key focus, combining benefits for people's livelihoods with consumption and investment in both goods and human resources [3] - Zunyi will implement the "5+3" mechanism to enhance investment attraction, aiming for a steady increase in total investment and continuous optimization of its structure [3] Group 2 - The transformation of industries is crucial to overcoming current development bottlenecks, with the liquor industry being a significant support for Zunyi's economy [4] - Zunyi plans to focus on building a "4+2+N" modern industrial system and will implement a three-year action plan for industrial structure adjustment, while stabilizing and developing the liquor industry [4] - The city will accelerate the development of non-liquor industries such as non-ferrous metals, equipment manufacturing, new comprehensive energy, fluorine-barium chemicals, and green food [4] Group 3 - Zunyi will continue to optimize the business environment and focus on cultivating and expanding business entities as a key driver for economic development [6] - The city will promote the market-oriented transformation of state-owned enterprises and support the high-quality development of private enterprises [6] - There will be an emphasis on enhancing the role of enterprises in innovation, utilizing national key laboratories and increasing financial investment in technology to promote the deep integration of technological and industrial innovation [6]

Group 1 - The consumer sector is showing signs of recovery under the policy direction of expanding domestic demand, with public funds accelerating their layout in this area [1][2] - Several leading fund companies, including GF Fund, Penghua Fund, and Huaxia Fund, have launched new food-themed funds for the first time in four years, indicating renewed interest in the consumer sector [2][3] - The tourism and aviation sectors have performed well recently, with a notable net inflow of over 680 million yuan into the tourism ETF managed by Fortune Fund, approaching historical highs [1][3] Group 2 - Fund managers are increasingly focusing on the consumer sector, with some actively increasing their positions in consumer stocks, particularly in the service consumption area [3][4] - The recovery momentum in consumer spending has been evident since the fourth quarter, with improvements in CPI growth and prices in service consumption and food sectors [4][5] - There are indications that the government will continue to support the consumer sector, with many sub-sectors currently at historically low valuation levels, which could benefit from policy-driven performance improvements [5] Group 3 - Certain segments within the consumer sector, such as health consumption, pet economy, and cultural tourism, are highlighted as having significant value due to policy support [1][5] - The upcoming traditional consumption peak during the New Year and Spring Festival is expected to drive stronger performance in the consumer sector, particularly in service-oriented consumption [5] - The current low valuations in the consumer sector present an opportunity for long-term investment, despite potential short-term volatility [5]