来源：中华人民共和国国家发展和改革委员会网站 会议强调，发展改革系统要深刻领会习近平总书记在中央经济工作会议上提出"五个必须"的重要内涵，准确把握明年经济工作的总体要求，结合职能扎扎 实实做好明年发展改革重点工作。 一是编制实施好"十五五"规划。深入领会党中央战略意图，坚持因地制宜，提高规划质量，加强规划内容审核衔接，把党的二十届四中全会《建议》确定 的各项决策部署和工作要求落到实处。同时，加强经济监测预警分析，完善政策工具箱，加强预期管理，做好今明两年政策衔接、工作衔接，推动政策靠 前发力，实现良好开局。 二是多措并举促进投资止跌回稳。充分发挥"两重"建设、新增地方政府专项债券等各类政府投资资金作用，适当增加中央预算内投资规模，继续发挥新型 政策性金融工具作用，不断提高投资效益。面向"十五五"谋划实施重大工程项目。进一步明确投资规则，扎实做好前期工作，加强投资项目调度。深入实 施促进民间投资发展的若干措施，有效激发民间投资活力。 12月12至13日，全国发展和改革工作会议在北京召开。会议坚持以习近平新时代中国特色社会主义思想为指导，全面贯彻党的二十大和二十届历次全会精 神，认真落实中央经济工作会议决策部署， ...

来源： 中华人民共和国国家发展和改革委员会网站 12月12至13日，全国发展和改革工作会议在北京召开。会议坚持以习近平新时代中国特色社会主义 思想为指导，全面贯彻党的二十大和二十届历次全会精神，认真落实中央经济工作会议决策部署，按照 党中央和国务院部署要求，总结2025年发展改革工作，研究部署2026年发展改革重点任务。国家发展改 革委党组书记、主任郑栅洁作工作报告，委党组成员出席会议。 推进碳达峰碳中和，有效做好能源供应保障，全力以赴稳定就业，扎实做好重要民生商品保 供稳价，稳步加强基本公共服务。 会议强调，发展改革系统要深刻领会习近平总书记在中央经济工作会议上提出"五个必须"的重要内涵， 准确把握明年经济工作的总体要求，结合职能扎扎实实做好明年发展改革重点工作。 一是编制实施好"十五五"规划。 深入领会党中央战略意图，坚持因地制宜，提高规划质 量，加强规划内容审核衔接，把党的二十届四中全会《建议》确定的各项决策部署和工作要 求落到实处。同时，加强经济监测预警分析，完善政策工具箱，加强预期管理，做好今明两 年政策衔接、工作衔接，推动政策靠前发力，实现良好开局。 会议指出，今年是很不平凡的一年，在以习近平同志 ...

Group 1 - The core viewpoint is that China's economy is expected to face both challenges and opportunities, with a projected growth rate of around 5% for the year 2025 despite external pressures [1][2] - In the first three quarters of 2025, China's economy achieved a growth rate of 5.2%, indicating resilience against complex external changes [1] - There is a notable challenge of weak domestic demand, reflecting insufficient internal consumption, although positive changes are emerging, such as a rise in core CPI and a 3.2% increase in industrial enterprise profits [1][2] Group 2 - Four major opportunities for China's economy by 2026 include the new layout of the "14th Five-Year Plan" focusing on significant projects in new infrastructure and public services [2] - The transition of China's industry from low-cost advantages to comprehensive competitive advantages is highlighted, leveraging its vast market, complete industrial chain, and talent pool, particularly in digital economy and new energy sectors [2] - The implementation of more proactive macroeconomic policies in 2026 is anticipated to support economic stability and growth [3] - Improvement in the asset-liability balance of microeconomic entities is noted, with rising core CPI, strong performance in the high-tech stock market, and a gradual stabilization in the real estate sector contributing to this recovery [3]

会议强调，要做好岁末年初重点工作，关心困难群众生产生活，全力做好供暖季保暖保供和重要民生商 品保供，抓好秋冬种生产，加强迎峰度冬煤电油气运保障，组织协调做好春运工作。会议还对地方关注 的经济社会发展重点问题进行了回应。 会议要求，发展改革系统要更加紧密地团结在以习近平同志为核心的党中央周围，深入学习贯彻习近平 新时代中国特色社会主义思想，进一步深刻领悟"两个确立"的决定性意义，不断增强"四个意识"、坚 定"四个自信"、做到"两个维护"，按照党中央和国务院部署，树立和践行正确政绩观，坚持实事求是、 因地制宜，坚持抓落实、求实效，以钉钉子精神推动发展改革各项工作迈上新的台阶，确保"十五五"实 现踏踏实实的良好开局。 国家发展改革委秘书长、副秘书长，各厅、司、局、室负责同志，驻委纪检监察组负责同志，国家粮食 和物资储备局、国家能源局、国家数据局负责同志及相关司局主要负责同志，各委属单位主要负责同 志，宏观院相关研究所主要负责同志，国家发展改革委驻外经济参赞，各省、自治区、直辖市，计划单 列市，新疆生产建设兵团发展改革委主要负责同志参加会议。有关部门负责同志，有关企业及金融机构 负责同志列席会议。 （原标题：国家发改 ...

图/国家发展改革委 高弘杰 摄 12月12至13日，全国发展和改革工作会议在北京召开。会议坚持以习近平新时代中国特色社会 主义思想为指导，全面贯彻党的二十大和二十届历次全会精神，认真落实中央经济工作会议决 策部署，按照党中央和国务院部署要求，总结2025年发展改革工作，研究部署2026年发展改 革重点任务。国家发展改革委党组书记、主任郑栅洁作工作报告，委党组成员出席会议。 会议指出，今年是很不平凡的一年，在以习近平同志为核心的党中央坚强领导下，我国经济顶 压前行、向新向优发展，实现质的有效提升和量的合理增长，年度和"十四五"规划目标任务即 将顺利完成。发展改革系统坚决贯彻落实党中央和国务院决策部署，扎实推动各项工作。 一是 做好经济分析和政策研究，加强经济形势研判，强化逆周期调节，推动出台稳就业稳经 济政策举措，持续优化宏观政策取向一致性评估。 二是 做好中长期规划和年度计划，做好"十五五"规划《纲要》起草，推进重点领域规划编制 实施，加强对地方规划编制的指导，高质量编制实施年度计划。 三是 做好投资管理和项目建设，统筹用好中央预算内投资等各方面资金，扎实推进"两重"建 设，加力支持"两新"工作，设立投放新型 ...

Group 1 - The core viewpoint of the articles emphasizes that macroeconomic regulation will be proactive in the coming year, focusing on expectation management and introducing a series of new measures to promote stable economic growth and improve quality and efficiency [1][3] Group 2 - In terms of consumption, there will be an optimization of the implementation of the "two new" policies, actively expanding service consumption, and enhancing the quality of life service supply in areas such as elderly care, childcare, and housekeeping [3] - Regarding investment, the government will leverage various investment funds, increase the scale of central budget investments, and implement measures to stimulate private investment, thereby effectively invigorating private sector investment [3] - For future development, there will be a strong emphasis on cultivating and expanding emerging and future industries, deepening the "Artificial Intelligence +" initiative, addressing shortcomings in the technology service sector, and improving the low-altitude economy industry ecosystem [3] Group 3 - Over the next five years, there is a focus on high-quality planning and implementation of the "14th Five-Year Plan," with the aim of launching a number of major engineering projects to ensure a good start for the plan [4]

朝着2035年基本实现社会主义现代化的目标迈进，"十五五"时期要夯实基础、全面发力，做好经济工作 意义重大。习近平总书记出席中央经济工作会议并发表重要讲话，全面总结"十四五"规划收官之年经济 工作，深刻分析当前经济形势，系统部署"十五五"开局之年经济工作，为"十五五"时期乘势而上迈好第 一步定向领航。 乘势而上，我们有高质量发展的坚实基础。 2025年，面对外部压力加大和内部困难较多的复杂局面，构建新发展格局、发展新质生产力等战略先手 棋的效果逐步显现，我国经济顶压前行、向新向优发展，继续展现出强大韧性和活力。在"十四五"这5 年，我们有效应对各种冲击挑战，经济、科技、国防等硬实力和文化、制度、外交等软实力明显提升， 经济增速继续领跑全球主要经济体，中国式现代化迈出新的坚实步伐。这是以习近平同志为核心的党中 央团结带领全党全国各族人民迎难而上、奋力拼搏的结果，充分彰显了"两个确立"的决定性意义。 乘势而上，我们对机遇与挑战有着深刻洞察。 经济发展中老问题、新挑战仍然不少，外部环境变化影响加深，国内供强需弱矛盾突出，重点领域风险 隐患较多——摆在我们面前的大多是发展中、转型中的问题，经过努力是可以解决的。我国经 ...

新华社北京12月12日电 接续奋斗，再启新程。在"十四五"圆满收官在即、"十五五"即将开启的重要历 史节点，中央经济工作会议在京举行。习近平总书记出席会议并发表重要讲话，总结2025年经济工作， 分析当前经济形势，部署2026年经济工作，为我们扎实做好明年经济工作，确保"十五五"开好局、起好 步指明了努力方向、提供了根本遵循。 办好中国的事情，关键在党。坚持和加强党的全面领导是做好经济工作的根本保证，是高质量发展的必 然要求。要坚持党中央集中统一领导，各地区各部门结合实际、因地制宜，全面落实党中央关于明年经 济工作的思路、任务、政策，形成统一意志和强大合力。要树立和践行正确政绩观，坚持为人民出政 绩、以实干出政绩，自觉按规律办事，努力创造经得起历史、实践和人民检验的业绩。要按照党的二十 届四中全会《建议》编制国家和地方"十五五"规划及专项规划，推动高质量、可持续的发展。 实现社会主义现代化是一个阶梯式递进、不断发展进步的历史过程，需要不懈努力、接续奋斗。"十五 五"时期是基本实现社会主义现代化夯实基础、全面发力的关键时期，在基本实现社会主义现代化进程 中具有承前启后的重要地位。让我们更加紧密地团结在以习近平同 ...

Group 1 - The core viewpoint of the report emphasizes that emerging demand is leading the way, while traditional consumption is breaking through. The year 2026, as the start of the 14th Five-Year Plan, is expected to see continued implementation of consumption stimulus policies, effectively releasing residents' consumption willingness and promoting a steady recovery in consumption demand [4][11] - The report suggests that the traditional consumption industry is likely to experience a rebound, while new demands such as "new products, new channels, and new business formats" will continue to drive the rapid development of new consumption [4][11] - The report highlights the importance of the 14th Five-Year Plan, which emphasizes the need to stimulate consumption and enhance domestic demand as a key driver of economic growth [11][12] Group 2 - In the textile and media sectors, new demand is leading to new supply, and new supply is creating new demand. The report recommends focusing on investment opportunities in three segments: outdoor sports, gold jewelry, and cultural and trendy IP in 2026 [4][30] - The outdoor sports segment is identified as a growing trend, with social aspects becoming increasingly important for young consumers. The report notes that outdoor activities such as cycling, hiking, and climbing are gaining popularity [32][33] - The gold jewelry market is expected to see continued growth in consumer spending, with a positive outlook for retail sales in 2026. The report suggests focusing on leading gold jewelry brands [32][33] Group 3 - The social services sector is evolving, with a focus on leading companies that actively respond to changes in consumer demand. The report indicates that tourism and beauty industries are experiencing changes, with a shift towards rational consumption and a focus on value for money [4][30] - The food and beverage sector is expected to stabilize, with signs of recovery emerging. The report notes that the industry is closely tied to macroeconomic conditions and consumer income expectations [4][30] - The agricultural, forestry, animal husbandry, and fishery sectors are experiencing a cyclical upturn, particularly in the pig farming segment, which is expected to stabilize due to policy-driven transformations [4][5] Group 4 - The home appliance industry is characterized by resilience in demand, with policies such as "trade-in for new" supporting consumption. The report suggests looking for structural highlights within the home appliance sector, particularly in high-dividend white goods and rapidly growing new consumption categories [4][5] - The report emphasizes the importance of exploring new consumption trends and adapting to changing consumer preferences, particularly in the context of the ongoing economic recovery [4][5]

Core Insights - The Central Economic Work Conference held on December 10-11, 2025, is crucial for setting the direction for China's economic work in 2026 and ensuring a good start for the "15th Five-Year Plan" [1][2] - The conference emphasizes the importance of unity in thought, consensus, and confidence to navigate the complexities of the current economic landscape and achieve high-quality development [2][3] Economic Strategy - The conference outlines a series of strategic deployments focused on stabilizing and advancing economic growth, with a priority on domestic demand and building a strong domestic market [3] - Key tasks include boosting consumption, optimizing investment, fostering innovation, and addressing risks in real estate and local debt [3][4] Leadership and Governance - Strengthening the Party's comprehensive leadership over economic work is highlighted as essential for overcoming challenges and achieving targets [4] - The need for a correct performance view that prioritizes people's well-being and practical results is emphasized, along with avoiding bureaucratic tendencies [4] Future Outlook - The conference sets a clear roadmap for 2026, aiming for a robust start to the "15th Five-Year Plan" and a commitment to high-quality development [5] - A call for collective effort and determination to overcome obstacles and achieve economic goals is made, reinforcing the vision for a modern socialist country [5]