人民日报记者 刘志强 2026年，如何优化实施"两新"政策？如何以更大力度稳投资？如何纵深推进全国统一大市场建设？ 国家发展改革委近日召开新闻发布会，针对当前经济工作部分热点问题，国家发展改革委政策研究室副 主任、委新闻发言人李超作了介绍。 "两新"政策将优化资金分配和支持范围等 近日，国家发展改革委、财政部印发通知，提出从支持范围、补贴标准、实施机制等方面优化实施 2026年"两新"政策。 消费品以旧换新方面，2025年出现了补贴时断时续且难以预期、骗补套补、"先涨后补"等问题。在 此基础上，国家发展改革委会同商务部等部门，进行了集中整治，充分论证、有针对性地完善了2026年 的政策实施机制—— 优化资金分配方式，在原有资金分配标准的基础上，综合考虑前期政策执行情况、审计发现问题等 因素，合理确定各地资金分配规模；同时，对拖欠兑付较严重的地区，将通过适当方式加大督促和惩戒 力度。均衡有序使用资金，国家层面，继续合理把握工作节奏，按季度分批次下达资金；地方层面，将 指导地方均衡有序支出补贴资金，做好跨周、跨月、跨季度平稳衔接；要求地方建立补贴资金预拨制 度，减轻企业垫资压力。严厉打击违法行为，重点做到严格资金 ...

转自：人民日报客户端 设备更新改造方面，一些企业反映因为自有资金短缺、项目投资额达不到申报门槛等原因，没有享受到 政策红利。对此，2026年相关工作也将作出针对性优化，以支持更多企业开展设备更新，扩大政策惠及 面。一是优化范围。在总体延续2025年支持范围的基础上，主要增加3方面更新补贴：民生领域，增加 老旧小区加装电梯、养老机构设备更新；安全领域，增加消防救援、检验检测设备更新；消费基础设施 方面，增加商业综合体、购物中心、百货店、大型超市等线下消费商业设施的设备更新。二是进一步优 化项目申报机制和审核流程，大幅降低投资额门槛。22个领域中，大部分已没有门槛，只在少部分领域 为确保项目质量、提高资金使用效益，设置了较低门槛。三是强化监管。通过线上、线下等多种方式， 加强对设备更新项目的全链条监管，切实解决企业诉求、提高资金使用效益。 原标题：国家发展改革委解读当前经济热点—— 优化实施"两新"政策"两重"项目（经济新方位） 2026年，如何优化实施"两新"政策？如何以更大力度稳投资？如何纵深推进全国统一大市场建设？国家 发展改革委近日召开新闻发布会，针对当前经济工作部分热点问题，国家发展改革委政策研究室副主 ...

岁末年初，政策窗口期至关重要。 扩内需是2026年经济排在首位的重点任务，大规模设备更新和消费品以旧换新("两新"政策)则是撬动内 需的关键一招。 2025年12月10日，上海，市民体验"以旧换新"手机。 国家发展改革委近日牵头印发《关于2026年实施大规模设备更新和消费品以旧换新政策的通知》。2026 年第一批625亿元超长期特别国债支持消费品以旧换新资金计划已提前下达。 自2024年启动起来，"两新"政策红包连续三年送达。新的一年，消费者买车、买手机、买家电可继续享 受"国补"，不过，政策有新变化。 比如，智能眼镜首次纳入"国补"，汽车以旧换新补贴改为与车价挂钩，家电以旧换新只补贴1级能效或 水效标准产品，大规模设备更新将新增老旧小区加装电梯、养老机构、消防救援设施、检验检测、线下 消费商业设施等领域，等等。 中央经济工作会议部署落定，国家发展改革委已率先行动，抢抓时间窗口，主动靠前发力。 消费、投资、产业、民生等领域政策密集落地，一套稳增长、促发展的政策组合拳，已全面打出。 其中，三大核心抓手，直接瞄准经济增长关键引擎。 "两新"政策，迎来优化。 钱花在刀刃上，政策的每一处优化都暗藏深意，突出智能和绿色 ...

【纠错】 【责任编辑:吴京泽】 在国家发展改革委当日举行的新闻发布会上，李超表示，国家发展改革委近期批复或核准多个重大 基础设施项目，包括广州新机场、新建湛江至海口跨海轮渡及相关线路工程等交通设施，辽宁省辽东半 岛水资源配置工程、云南省丽江市南瓜坪水库工程等水利设施，浙江特高压交流环网工程、四川大渡河 丹巴水电站等能源设施，以及怀柔、崖州湾实验室重大科研平台等科研设施，总投资超过4000亿元，将 进一步完善我国现代基础设施体系，为"十五五"平稳开局提供有力支撑。 新华社北京12月31日电（记者魏玉坤、魏弘毅）国家发展改革委政策研究室副主任、新闻发言人李 超12月31日表示，近日，国家发展改革委组织下达2026年提前批"两重"建设项目清单和中央预算内投资 计划，共计约2950亿元，加快各类资金拨付和使用节奏。 ...

Group 1 - The National Development and Reform Commission (NDRC) has completed the distribution of the third batch of 69 billion yuan in special bonds to support the replacement of consumer goods, with plans to distribute another 69 billion yuan in October, aiming to fulfill the annual target of 300 billion yuan [1] - The list of "two重" construction projects totaling 800 billion yuan has been fully allocated, and the central budget investment of 735 billion yuan has been largely distributed [1] - The NDRC plans to enhance coordination and resource allocation to accelerate project construction and ensure high-quality implementation of "two重" projects, while establishing a comprehensive project lifecycle management mechanism [1] Group 2 - The logistics cost for the entire society has seen a significant reduction, with the ratio of total logistics costs to GDP dropping to 14% in the first half of the year, marking the lowest level since records began, saving over 130 billion yuan in logistics expenses [2]

Core Viewpoint - The article highlights the significance of the Phoenix Neck Pump Station in the Yangtze River Water Diversion Project, which is part of China's major water conservation and supply initiatives [1] Group 1: Project Overview - The Yangtze River Water Diversion Project is one of China's 172 major water conservancy projects aimed at water conservation and supply [1] - The project integrates multiple functions including water supply, navigation, and ecological preservation [1] Group 2: Infrastructure Details - The Phoenix Neck Pump Station is located in Wuhu City, Anhui Province, and serves as a key hub for the West Zhaohua Line of the water diversion project [1]

Group 1 - The National Development and Reform Commission (NDRC) plans to allocate the fourth batch of 69 billion yuan in funding for consumer goods replacement by October, completing the annual target of 300 billion yuan [2] - The third batch of 69 billion yuan in funding for consumer goods replacement has been fully allocated, with a focus on ensuring proper implementation and monitoring of funds to prevent misuse [2] - The NDRC will collaborate with the Ministry of Finance and the Ministry of Commerce to ensure local governments fulfill their funding responsibilities and develop detailed plans for fund usage [2] Group 2 - The "two heavy" construction project list totaling 800 billion yuan has been fully allocated, with 735 billion yuan of central budget investment also largely disbursed [3] - The NDRC aims to enhance coordination and resource allocation among various departments and localities to accelerate project construction and ensure high-quality implementation of the "two heavy" projects [3] - A project lifecycle management mechanism will be established to strengthen regular monitoring and oversight, ensuring that funds are effectively utilized [3]

Group 1 - The National Development and Reform Commission (NDRC) has completed the allocation of 800 billion yuan for the "two重" construction projects this year [1] - The central budget investment of 735 billion yuan has also been largely allocated [1] - The NDRC plans to enhance coordination and resource assurance to accelerate project construction and promote high-quality "two重" development [1] Group 2 - The third batch of 69 billion yuan in special bonds for consumer goods replacement has been fully allocated, with a fourth batch of the same amount planned for October [1] - This will help achieve the annual target of 300 billion yuan in allocations [1] - The NDRC will work with the Ministry of Finance and the Ministry of Commerce to ensure local governments fulfill funding responsibilities and detail funding usage plans [1] Group 3 - There will be increased oversight on product quality and price regulation to prevent risks such as "price hikes followed by subsidies" and fraudulent claims [1] - The aim is to ensure the proper implementation of policies [1]

Economic Growth Outlook - The second quarter GDP growth is expected to slow slightly compared to the first quarter but is still projected to exceed 5% [1][2] - The average forecast for GDP growth in the second quarter is around 5.3% to 5.2%, supported by policies and resilient exports [2][3] Industrial Production - Industrial production growth is predicted to remain stable, with June's industrial added value year-on-year growth forecasted at 5.7%, slightly down from 5.8% in May [4][5] - The manufacturing PMI for June is reported at 49.7%, indicating a slight improvement in manufacturing sentiment [4] Consumer Spending - Consumer retail sales growth is expected to slow in June, with a forecasted year-on-year increase of 5.66%, down from 6.4% in May [6][7] - The "trade-in" policy has significantly boosted consumer activity, particularly in the home appliance sector, with online retail sales for major appliances rising by 28% in the second quarter [7] Investment Trends - Fixed asset investment growth is anticipated to slightly decline, with a forecasted growth rate of 3.65% for June [8] - Infrastructure investment is expected to rebound in the second half of the year, supported by government initiatives and project approvals [9]

1. Report Industry Investment Rating No information provided in the report. 2. Report's Core View - The iron ore market is influenced by both macro and industrial factors. Macro factors, including tariff disturbances and anti - cut - throat competition governance, have a significant impact on the sentiment of the black - series commodities. Industrially, the supply of iron ore has little change, inventory increases slightly, and hot metal production remains at a high level, providing demand support. Overall, considering the market situation, the I2509 contract is recommended for range trading, and attention should be paid to operation rhythm and risk control. Also, it is suggested to continue holding short positions in out - of - the - money call options [8][54]. 3. Summary by Relevant Catalogs 3.1 Week - to - Week Summary 3.1.1 Price - As of July 4th, the closing price of the iron ore main contract was 732.5 (+16) yuan/ton, and the price of Mac fine ore at Qingdao Port was 773 (+18) yuan/dry ton [6]. 3.1.2 Shipment - The total shipment of iron ore from Australia and Brazil was 2,882.3 million tons, a week - on - week decrease of 178.5 million tons. From June 23rd to June 29th, 2025, the global iron ore shipment volume was 3,357.6 million tons, a week - on - week decrease of 149.1 million tons [5][6]. 3.1.3 Arrival - From June 23rd to June 29th, 2025, the arrival volume at 47 Chinese ports was 2,413.5 million tons, a week - on - week decrease of 359.4 million tons; the arrival volume at 45 Chinese ports was 2,363.0 million tons, a week - on - week decrease of 199.7 million tons; the arrival volume at six northern ports was 1,217.2 million tons, a week - on - week increase of 63.7 million tons [6]. 3.1.4 Demand - The daily average hot metal production was 2.4085 million tons, a week - on - week decrease of 1.44 million tons and a year - on - year increase of 1.53 million tons [6]. 3.1.5 Inventory - As of July 4th, 2025, the inventory of imported iron ore at 47 ports was 14,485.9 million tons, a week - on - week increase of 5.67 million tons and a year - on - year decrease of 1,109.76 million tons. The inventory of imported ore at 247 steel mills was 8,918.57 million tons, a week - on - week increase of 71.1 million tons [6]. 3.1.6 Profit Rate - The profit rate of steel mills was 59.31%, remaining the same as last week and a year - on - year increase of 14.72 percentage points [6]. 3.1.7 Market Outlook - Macro: Overseas, Trump's tariff policies and trade agreements with Vietnam have an impact; domestically, the central government emphasizes anti - cut - throat competition and the National Development and Reform Commission allocates over 300 billion yuan for the third - batch of "two major" construction projects in 2025. - Supply - demand: The shipment and arrival of Australian and Brazilian iron ore decrease, while the domestic port inventory continues to increase slightly. The blast furnace operating rate and hot metal production of steel mills decline but remain at a high level, and the demand for hot metal still provides support. - Technical: The I2509 contract of iron ore moves upwards, with the daily K - line above multiple moving averages; the MACD indicator shows that DIFF and DEA continue to rise, and the red bars expand. - Strategy: Considering the macro and industrial situations, the I2509 contract is recommended for range trading, paying attention to operation rhythm and risk control [8]. 3.2 Futures and Spot Market 3.2.1 Futures Price - This week, the I2509 contract fluctuated strongly. It was weaker than the I2601 contract, with the spread on the 4th being 25.5 yuan/ton, a week - on - week decrease of 1.5 yuan/ton [14]. 3.2.2 Warehouse Receipts and Net Positions - On July 4th, the number of iron ore warehouse receipts at the Dalian Commodity Exchange was 3,300, a week - on - week increase of 300. The net short position of the top 20 holders of the iron ore futures contract was 44,788, a decrease of 4,795 compared to last week [21]. 3.2.3 Spot Price - On July 4th, the price of 61% Australian Mac fine ore at Qingdao Port was 773 yuan/dry ton, a week - on - week increase of 18 yuan/dry ton. This week, the spot price of iron ore was stronger than the futures price, with the basis on the 4th being 41 yuan/ton, a week - on - week increase of 3 yuan/ton [27]. 3.3 Industry Situation 3.3.1 Arrival Volume - From June 23rd to June 29th, 2025, the global iron ore shipment volume decreased by 149.1 million tons week - on - week, and the shipment from Australia and Brazil decreased by 178.5 million tons week - on - week. The arrival volume at 47 Chinese ports decreased by 359.4 million tons week - on - week, while the arrival volume at six northern ports increased by 63.7 million tons week - on - week [30]. 3.3.2 Inventory - The total inventory of imported iron ore at 47 ports was 14,485.90 million tons, a week - on - week increase of 5.67 million tons; the average daily port clearance volume was 3.3419 million tons, a decrease of 475,000 tons. The total inventory of imported iron ore at steel mills was 8,918.57 million tons, a week - on - week increase of 71.10 million tons; the daily consumption of imported ore by sample steel mills was 3.0081 million tons, a week - on - week decrease of 440,000 tons; the inventory - to - consumption ratio was 29.65 days, a week - on - week increase of 0.28 days [33]. 3.3.3 Inventory Availability - As of July 3rd, the average inventory availability days of imported iron ore for domestic large - and medium - sized steel mills was 19 days, remaining the same as last week. The Baltic Dry Index (BDI) on July 3rd was 1,434, a week - on - week decrease of 87 [38]. 3.3.4 Import and Mine Capacity Utilization - In May, China's iron ore imports decreased by 5 million tons compared to the previous month, a month - on - month decrease of 4.9%; from January to May, the cumulative imports decreased by 5.2% year - on - year. As of June 27th, the capacity utilization rate of 266 domestic mines was 65.49%, a month - on - month increase of 4.17%; the daily output of concentrate powder was 413,200 tons, a month - on - month increase of 26,300 tons; the inventory was 532,600 tons, a month - on - month decrease of 51,700 tons [41]. 3.3.5 Iron Ore Production - In May 2025, China's iron ore raw ore production was 85.787 million tons; from January to May, the cumulative production decreased by 10.1% year - on - year. In May, the iron concentrate powder production of 433 domestic iron mines was 24.066 million tons, a month - on - month increase of 1.051 million tons, an increase of 4.6%; from January to May, the cumulative production decreased by 10.645 million tons, a decrease of 8.5% [44]. 3.4 Downstream Situation 3.4.1 Crude Steel Production - In May 2025, China's crude steel production was 86.55 million tons, a year - on - year decrease of 6.9%; from January to May, the cumulative production decreased by 1.7% year - on - year [48]. 3.4.2 Steel Import and Export - In May 2025, China's steel exports were 10.578 million tons, a month - on - month increase of 116,000 tons, an increase of 1.1%; from January to May, the cumulative exports increased by 8.9% year - on - year. In May, China's steel imports were 481,000 tons, a month - on - month decrease of 41,000 tons, a decrease of 7.9%; from January to May, the cumulative imports decreased by 16.1% year - on - year [48]. 3.4.3 Blast Furnace Operating Rate and Hot Metal Production - On July 4th, the blast furnace operating rate of 247 steel mills was 83.46%, a week - on - week decrease of 0.36 percentage points, a year - on - year increase of 0.65 percentage points; the blast furnace iron - making capacity utilization rate was 90.29%, a week - on - week decrease of 0.54 percentage points, a year - on - year increase of 1.21 percentage points. The daily average hot metal production of 247 steel mills was 2.4085 million tons, a week - on - week decrease of 1.44 million tons, a year - on - year increase of 1.53 million tons [51]. 3.5 Options Market - Due to the anti - cut - throat competition policy boosting the black - series commodities and the increasing iron ore port inventory with potential long - term supply pressure, it is recommended to continue holding short positions in out - of - the - money call options [54].