Core Viewpoint - The article emphasizes that China's economy is forming a new growth structure characterized by the upgrading of traditional industries, the diffusion of intelligent economy, and the continuous expansion of the service sector, which together shape a future-oriented growth path [1]. Group 1: Economic Growth Structure - In the new growth structure, the focus has shifted from "real estate + infrastructure + manufacturing" to "manufacturing upgrade + intelligent economy + service consumption" [7]. - The government work report indicates a structural adjustment in macro policies, moving towards more stable, precise, and structured growth strategies [2][4]. - The growth target for 2026 is set at 4.5%—5%, reflecting a shift from single-point targets to a range that emphasizes growth quality and realization capability [5][17]. Group 2: Service Sector Expansion - The government work report highlights the need to "expand and improve the service sector," indicating a shift from merely stimulating demand to addressing supply issues in various sectors such as healthcare, education, and tourism [10]. - Policies aim to reduce institutional friction in consumption, enhance service availability, and promote sustainable long-term demand through fiscal support [11]. Group 3: Intelligent Economy - The concept of "intelligent economy" is introduced as a new economic productivity source, indicating a transition from viewing AI as just an industry to recognizing it as a foundational economic infrastructure [12]. - The integration of AI across various sectors is expected to drive systemic economic transformation, enhancing overall productivity [12][13]. Group 4: Traditional Industry and New Momentum - The government report prioritizes the optimization of traditional industries before fostering new and future industries, reflecting the reality that traditional sectors still underpin industrial growth [13]. - The emphasis on upgrading traditional industries through digitalization and automation aligns with the need for stability in employment and exports [14]. Group 5: Urgency in Policy Implementation - The frequent use of terms like "accelerate" and "urgently" in the government work report signals a strong awareness of the need for timely action in transitioning to new economic drivers [16]. - The report outlines a comprehensive approach involving supply, demand, and institutional reforms to ensure effective economic output from new momentum [16].