来源：人民日报客户端，记者：曲哲涵 全国财政工作会议日前在北京召开。会议强调，2026年要继续实施更加积极的财政政策，扩大财政支出 盘子，确保必要支出力度；同时，持续优化支出结构，强化重点领域保障，提高政策精准度和有效性， 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，为实现"十五五"良好开局提供有力保 障。 会议强调，2026年要坚持内需主导，支持建设强大国内市场。"我国内需市场潜力巨大，财政要在扩大 内需、畅通经济循环中积极发挥作用。"财政部部长蓝佛安表示，2026年将大力提振消费，深入实施提 振消费专项行动。继续安排资金支持消费品以旧换新，调整优化补贴范围和标准；优化个人消费贷款贴 息及服务业经营主体贷款贴息政策；支持发展消费新业态新模式，促进服务消费。同时，积极扩大有效 投资，加大对新质生产力、人的全面发展等重点领域投入。加快推进全国统一大市场建设，规范税收优 惠、财政补贴政策。 ...

Core Viewpoint - The article emphasizes that expanding domestic demand and opening up are not contradictory but rather mutually reinforcing elements that together drive sustainable economic development [1] Group 1: Economic Development - A smooth domestic circulation creates a gravitational field for global resources, facilitating a new development pattern that promotes both domestic and international dual circulation [1] - Historical evidence shows that periods of rapid economic growth in China coincide with coordinated expansion of domestic demand and openness [1] Group 2: Market Dynamics - The relationship between domestic demand and openness is characterized by a positive feedback mechanism, where increased market competition from openness enhances high-quality domestic supply [1] - A large domestic demand scale provides more negotiation leverage and cooperation opportunities for expanding openness [1] Group 3: Policy Recommendations - To effectively manage the relationship between expanding domestic demand and openness, a higher-level dynamic balance is required, driven by demand pulling supply and supply creating demand [1] - During the expansion of domestic demand, it is crucial to adhere to market-oriented reforms, breaking industry monopolies and local protectionism to ensure growth is based on efficiency and innovation [1] - When expanding openness, it is essential to balance development and security within a comprehensive risk prevention framework to ensure stable and sustainable economic progress [1]

Group 1 - The relationship between expanding domestic demand and opening up is crucial for China's economic response to various internal and external risks, ensuring a good start for the "14th Five-Year Plan" and achieving high-quality development [1] - Domestic demand is the fundamental driving force for China's economic development, with the central economic work conference prioritizing "domestic demand as the mainstay, building a strong domestic market" as a key task for 2026 [1] - High-level opening up is an important engine for economic growth, supporting modernization and reform, and will continue to be a strong backing for Chinese-style modernization in the future [1] Group 2 - Expanding domestic demand and opening up are not contradictory; they are mutually reinforcing and form an organic unity that drives sustainable economic development [2] - A smoother domestic circulation enhances the attraction of global resources, facilitating the construction of a new development pattern that promotes both domestic and international dual circulation [2] - Historical growth periods in China's economy have coincided with coordinated expansion of domestic demand and opening up, highlighting the need for a balanced approach in the face of globalization challenges [2] Group 3 - Achieving a higher-level dynamic balance between demand-driven supply and supply-creating demand is essential, requiring market-oriented reforms to break industry monopolies and local protectionism [3] - Expanding domestic demand should be based on efficiency improvement and innovation, while opening up must balance development and security within a robust risk prevention framework [3]

Core Viewpoint - The Chinese government plans to implement a more proactive fiscal policy in 2026, focusing on expanding fiscal expenditure and optimizing spending structures to support economic growth and ensure a strong start to the "14th Five-Year Plan" [1] Group 1: Fiscal Policy and Economic Growth - The government aims to enhance domestic demand and support the construction of a robust domestic market, with a strong emphasis on boosting consumption through various initiatives [1] - Plans include funding for consumer incentives, optimizing personal consumption loan interest subsidies, and promoting new consumption models [1] - There will be increased investment in key areas such as new productivity and comprehensive human development, alongside efforts to establish a unified national market [1] Group 2: Infrastructure and Social Welfare - Continued issuance of long-term special government bonds is expected to support major national projects, ensuring sustained investment demand and improving living standards [2] - Fiscal spending will be directed towards social welfare, with a focus on enhancing residents' income and improving consumption willingness [2] - The government will implement policies to lower financing costs for innovation and service sectors, thereby encouraging technological innovation and consumption [2] Group 3: Technological and Industrial Development - The government plans to increase fiscal investment in technology and strengthen the role of enterprises in innovation [2] - There will be a focus on fostering new productive forces through enhanced fiscal and tax policies, promoting the integration of technological and industrial innovation [2] - Initiatives will include insurance compensation policies for first-time applications and support for high-quality development in key manufacturing sectors [2] Group 4: Social Security and Regional Development - Strengthening basic social security and enhancing urban-rural integration will be priorities, with measures to increase residents' income through various channels [3] - The government will support rural revitalization and improve agricultural productivity, while also promoting new urbanization and regional coordinated development [3] - Fiscal policies will be adjusted to ensure public services are accessible and portable, facilitating urban renewal and regional strategies [3]

Group 1 - The relationship between expanding domestic demand and opening up is crucial for China's economic response to various internal and external risks, ensuring a good start for the "14th Five-Year Plan" and achieving high-quality development [1] - Domestic demand is identified as the fundamental driving force for China's economic development, with the emphasis on "domestic demand as the mainstay" being a top priority in the 2026 economic work tasks set by the Central Economic Work Conference [1] - High-level opening up is seen as a key path to stimulate domestic demand potential and improve its quality, through the introduction of advanced technology, management experience, and competitive mechanisms [1][2] Group 2 - Expanding domestic demand and opening up are not contradictory but are mutually reinforcing elements that together drive sustainable economic development [2] - A smooth domestic circulation enhances the attraction of global resources, facilitating the formation of a new development pattern that promotes both domestic and international dual circulation [2] - Historical experiences indicate that periods of rapid economic growth in China often coincide with coordinated expansion of domestic demand and opening up [2][3] Group 3 - Achieving a higher-level dynamic balance between demand-driven supply and supply-creating demand is essential, which requires market-oriented reforms to break industry monopolies and local protectionism [3] - A comprehensive risk prevention system is necessary to ensure the stability and long-term sustainability of the Chinese economy while expanding both domestic demand and opening up [3]

Core Viewpoint - The concept of "zero debt" is rare among the population, and experts suggest stimulating consumption among this group to boost domestic demand, but there is significant public resistance to the idea of incurring debt [3][20]. Group 1: Zero Debt Population - Only 13.4% of the 175 million individuals born in the 1990s are free from any loans, including mortgages, car loans, and online loans [3]. - The overall percentage of adults living without debt is just 12.3%, indicating that most people carry various debts [6]. - Among young people, a staggering 86.6% are in debt, making the zero debt group a target for consumption stimulation [6]. Group 2: Attitudes Towards Consumption - Individuals who maintain zero debt are cautious and prioritize financial security over impulsive spending [8]. - Many choose to save for emergencies rather than spend on non-essential items, reflecting a mindset shaped by economic uncertainty [10][14]. - The desire to avoid debt is not a rejection of consumption but a preference for meaningful expenditures that enhance quality of life, such as travel and personal development [22]. Group 3: Economic Context and Consumer Behavior - Current economic conditions, including job market volatility and rising living costs, contribute to a reluctance to spend [12][24]. - Experts believe that improving public services related to healthcare and retirement could alleviate concerns and encourage spending [16][24]. - The push for consumer loans and credit card promotions is viewed as counterproductive, as it may pressure individuals to take on debt they do not want [20]. Group 4: Long-term Solutions for Consumption - The key to stimulating consumption lies in building confidence in future income stability and reducing healthcare and retirement worries [26]. - Addressing these fundamental issues will create a more favorable environment for spending, as individuals will feel secure in their financial situations [27].

转自：成都日报锦观 明年将继续安排资金支持消费品以旧换新 ——解读2026年财政工作新看点 明年将继续实施 更加积极的财政政策 明年财政工作的 六方面重点任务 日前召开的中央经济工作会议提出，要继续实施更加积极的财政政策。 更加积极的财政政策将如何继续发力？明年财政重点工作有哪些？在12月27日至28日于北京举行的全国 财政工作会议上，财政部部长蓝佛安作了部署。 今年财政政策打出"组合拳" 财政工作取得新成效 蓝佛安表示，2025年，各级财政部门认真贯彻党中央、国务院决策部署，担当尽责、稳中求进，财政工 作取得新成效，为推动完成全年经济社会发展目标任务发挥了重要作用。 财政政策作为宏观调控的重要手段，具有扩大总需求和定向调结构的双重优势。 "今年以来，我们安排财政资金169亿元支持实施消费品以旧换新。"参会的四川省财政厅厅长黎家远告 诉记者，四川财政还通过个人消费贷款财政贴息、"蜀里安逸"消费新场景培育计划等多项政策，有力推 动消费市场持续回暖向好。今年前11个月，全省社会消费品零售总额同比增长5.5%。 明年将扩大财政支出盘子 抓好六方面重点工作 展望明年，我国将继续实施更加积极的财政政策，具体如何发力？ ...

Core Viewpoint - The central six provinces of China are strategically planning their "14th Five-Year" initiatives to enhance efficiency and promote green expansion, aiming to establish a modernized growth model in the region [1] Group 1: Agricultural Development - The six provinces prioritize national food security in their planning, focusing on technological empowerment, green transformation, brand enhancement, and industry integration to redefine the modern connotation of "fish and rice country" [2] - Each province is breaking traditional agricultural paradigms by shifting towards a full industry chain layout, with initiatives such as Hubei's focus on high-quality agricultural production zones and Henan's goal of becoming a national base for quality grain and oil production [2] Group 2: Energy Transition - Energy transition is viewed as a key strategy for building a modern industrial system, with provinces like Shanxi aiming to evolve from a coal province to an energy powerhouse by integrating coal with new energy sources [3] - The construction of new energy systems is a priority, with various provinces planning to develop clean energy sources such as wind, solar, and biomass, alongside innovative energy technologies like controlled nuclear fusion [3] Group 3: Consumption and Economic Circulation - The term "consumption" appears frequently in the planning documents, indicating a strong focus on stimulating domestic demand as part of the new development pattern [4] - New consumption trends are emerging from the region, with cities experiencing rapid growth in retail sales, and initiatives to promote new economic activities such as e-sports and cultural tourism [4][5]

Core Viewpoint - The Central Economic Work Conference emphasizes the continuation of a more proactive fiscal policy to support economic growth and social development in 2025 [1][2]. Group 1: Fiscal Policy Achievements - The Ministry of Finance reported that in 2025, fiscal departments will effectively implement the decisions of the central government, leading to significant achievements in fiscal work that support the completion of annual economic and social development goals [2][3]. - Fiscal policy serves as a crucial macroeconomic tool, enhancing total demand and directing structural adjustments, with a focus on high-quality development and increased investment in basic research [3][6]. Group 2: Future Fiscal Focus - In 2025, the government plans to expand the fiscal expenditure framework, optimize government bond tools, and enhance the effectiveness of transfer payments to support local financial autonomy [4][5]. - Key tasks for the upcoming year include promoting domestic demand, supporting technological and industrial innovation, and advancing urban-rural integration and regional collaboration [4][5]. Group 3: Strengthening Fiscal Management - The conference highlighted the need for comprehensive fiscal management improvements, emphasizing the importance of integrating top-down and bottom-up approaches in fiscal management trials [7][8]. - The focus will be on resource coordination, zero-based budgeting, and strengthening departmental responsibilities to enhance the effectiveness of fiscal policies and fund utilization [7][8].

Group 1 - The core viewpoint emphasizes that consumption is the main engine of economic growth and a barometer of people's well-being, with significant policies implemented to boost consumption in 2025, resulting in a 4% year-on-year increase in retail sales of consumer goods in the first 11 months, surpassing both the previous year's growth and the annual growth rate [1] - The "Two New" policy, which includes large-scale equipment updates and the replacement of old consumer goods, has been a key focus of macroeconomic policy this year, with substantial increases in funding for these initiatives, including 300 billion yuan for consumer goods replacement and 200 billion yuan for equipment updates [2] - The government is actively working to eliminate restrictive measures in the consumption sector, with multiple high-level meetings emphasizing the need to stimulate consumption potential and remove unreasonable restrictions on consumption, particularly in the automotive and housing sectors [3] Group 2 - Looking ahead to 2026, experts suggest that the focus of consumption policies should shift from demand-side stimulation to a coordinated reform of both supply and demand, as outlined in the 15th Five-Year Plan [4] - The research department of China International Capital Corporation (CICC) highlights the importance of increasing the supply of quality consumer goods and services, with specific targets set for 2027, including three trillion-yuan-level consumption areas and ten hundred-billion-yuan-level consumption hotspots [5] - The chief economist at招商基金 predicts a moderate recovery in consumption in 2026, with continued support for the "Two New" policy and an emphasis on service consumption, particularly in sectors like healthcare and elderly care, which are expected to be the main focus of policy support [6]