敢为人先，还要谋定而动。此次春季行动的亮点，首先体现在其系统性和前瞻性上。活动不仅涵盖家电 等传统优势产业，还通过系列配套活动展示"广东制造"的多元魅力，强化了产业协同与品牌聚合效应。 线上线下双轨并行，既顺应了数字消费趋势，又保留了实体体验的温度，形成立体化的营销网络。 经济学原理告诉我们，供给与需求是经济循环的一体两面。扩内需、优供给，绝非单兵突进，而需要供 给端和需求端协同发力、良性互动。本次春季行动之所以为企业、商家、消费者所共同瞩目，就在于其 构建了供需精准对接的高效桥梁。 为贯彻落实广东省委十三届八次全会暨省委经济工作会议部署要求，切实帮助企业拓市场、促销售，为 我省"十五五"时期发展开好局、起好步奠定坚实基础，广东将于1月15日在佛山举行"广货行天下"春季 行动发布会暨家电专场促销活动。 据悉，15日当天将拉开2026年度广东产品线上促销活动的序幕，其中第一季度将举办10场线下+2场线 上共12场促销活动，并举办18场"广货行天下"春季行动系列配套活动。数据显示，这是一场商贸盛宴， 数据背后，则是"广货"的品牌重塑与升级。 "广货"的底气，源于产业搭建的坚实根基。作为制造业大省，广东已构建起门类 ...

新华社北京12月25日电 题：供需两端齐发力 激活消费"主引擎" 新华社记者谢希瑶、邹多为、周蕊 消费是经济增长的"主引擎"，也是民生幸福的"晴雨表"。 今年以来，提振消费各项政策发力显效，促进消费潜力不断释放。前11个月，社会消费品零售总额 同比增长4%，增速不仅快于上年同期，也快于上年全年。 日前举行的中央经济工作会议围绕"坚持内需主导，建设强大国内市场"，部署"深入实施提振消费 专项行动""释放服务消费潜力"等多项具体举措。 当前，各地正加快从供需两端协同发力，着力添动能、挖潜力、增后劲，多维发力激活消费"主引 擎"。 以新需求引领新供给 释放消费市场新活力 11月28日，华为Mate80系列首销，部分型号线上平台首销迅速售罄，全国多地门店销售紧俏。 挑选家电青睐远程控制、语音交互和节能管理，购买食品偏爱"配料表干净"，闲置交易等绿色消费 成为"心头好"…… 眼下，人们的消费需求已从"有没有"转向"好不好"。同时高端手机"一机难求"、热门演出"一票难 求"的现象也仍然存在。 我国消费品供给已进入优质优价新发展阶段，但部分领域供需结构性错配问题依然存在，供给过剩 和优质供给不足并存。 今年以来，从"两新" ...

Economic Outlook - The assessment of external conditions has improved compared to last year, indicating a reduction in adverse impacts from external changes[7] - The macro policy tone has shifted from "extraordinary" to "normal," reflecting a return to conventional policy measures[8] - Fiscal policy is expected to focus more on quality rather than quantity, with a marginal reduction in the intensity of fiscal measures[9] Monetary Policy - Monetary policy remains supportive, with a new emphasis on the goal of reasonable price recovery alongside economic stability[10] - There is still room for interest rate cuts, but the extent may be less certain than in previous years[11] Supply and Demand Dynamics - The focus has shifted from "demand insufficiency" to "strong supply and weak demand," indicating a dual approach to address supply-demand imbalances[12] - Policies will emphasize increasing residents' income and enhancing service consumption to stimulate demand[12] Risk Management - The approach to risk has transitioned from "preventing risks" to "managing risks," reflecting progress in controlling major risks in real estate and local government debt[13] Market Implications - Short-term market adjustments are anticipated following the Central Economic Work Conference, but the prevailing bull market sentiment may provide opportunities for investment[14] - High-growth sectors such as AI, new energy, and semiconductors are expected to outperform in the near term, while high-dividend stocks will gain attention later in the year[15]

Group 1 - The article highlights six key changes in macroeconomic conditions, policy orientation, and focus areas compared to the previous year, transitioning from "risk prevention" to "risk mitigation" [3] - It emphasizes the need for a solid foundation for the "14th Five-Year Plan" while balancing short-term stability and long-term development goals [3] - The development path is defined as "supply-demand coordination, moving towards new directions," aiming to resolve supply-demand conflicts and pursue high-quality development [3] Group 2 - The A-share market is expected to experience short-term volatility, but remains in a bullish sentiment overall [4] - There is an improvement in external situation assessments, with macro policy returning to a "normal" stance from an "extraordinary" one [4] - Fiscal policy is expected to see a marginal reduction in intensity, while monetary policy will maintain a supportive position, with a new focus on reasonable price recovery targets [4] Group 3 - The article suggests that the upcoming Spring Festival may lead to an early onset of market activity, presenting potential opportunities for investment [5] - In the short to medium term, sectors such as technology and growth-oriented industries are likely to continue outperforming [5] - The investment strategy for 2026 may focus on high-growth and high-dividend rotation opportunities, with an emphasis on high-growth sectors at the beginning of the year [5]

Group 1 - The State Council's meeting on November 14 discussed the implementation of "two重" construction, indicating ongoing support and funding for this initiative during the 14th Five-Year Plan period [2][3] - The "two重" construction is expected to be a key driver for effective investment and the cultivation of new productive forces, serving as a significant point of focus for proactive fiscal policy [2][3] - The meeting emphasized the importance of aligning project construction with funding disbursement, leveraging long-term loans and policy financing to attract more private capital [2][3] Group 2 - The meeting highlighted the need to enhance supply-demand adaptability to unleash consumption potential and facilitate economic circulation [4][5] - The focus on supply-side precision in response to consumption upgrades aims to create a virtuous cycle of "demand driving supply and supply creating demand," injecting endogenous momentum into economic growth [4][5] - The integration of artificial intelligence and flexible manufacturing is seen as a key strategy to address consumer needs and enhance production efficiency [4][5][6] Group 3 - The meeting called for support for enterprises to expand the supply of high-quality consumer goods, updating safety and performance standards, and improving certification systems [5][6] - The development of flexible manufacturing factories and new consumption scenarios is expected to enrich consumer financial products and services, creating a favorable consumption environment [5][6] - This comprehensive policy deployment aims to shift consumption from scale expansion to quality enhancement, reinforcing its role as a stabilizing force for economic growth [5][6]

Core Viewpoint - The Chinese government emphasizes the importance of boosting consumption as a long-term strategic choice for economic security, industrial upgrading, and improving people's livelihoods, especially in the context of a complex global environment [1] Group 1: Consumption as Economic Driver - Consumption is identified as the most fundamental and stable pillar of economic growth, providing solid support for long-term development [1] - The current structural issues in China include insufficient consumption and low industrial prices, necessitating a shift from investment and export-driven growth to a consumption-driven model [1][2] - The transformation towards a strong domestic consumption market is crucial for enhancing economic quality and resilience against external shocks [1] Group 2: Structural Upgrades in Consumption - Chinese consumer behavior is shifting from quantity to quality, with increasing demand for high-quality goods and services, particularly in sectors like culture, tourism, education, and healthcare [2] - This structural upgrade in consumption is driving supply-side responses, prompting companies to innovate in technology, business models, and resource allocation towards high-value sectors [2][3] - The goal of boosting consumption is to improve the actual living standards of families, reflecting a country's economic development and social progress [2] Group 3: Potential of the Chinese Consumption Market - China's consumption market has significant growth potential, supported by a large population base, despite challenges like an aging population [3][4] - The current consumption as a percentage of GDP is around 40%, which is lower than that of major developed countries, indicating room for optimization [3] - Service consumption in China is also lagging behind, with only 46.1% of per capita consumption in 2024 being service-related, compared to higher levels in Japan and the U.S. [3] Group 4: Systematic Solutions for Consumption Activation - The core issues in the consumption market stem from both demand and supply constraints, necessitating a comprehensive approach to stimulate consumption [5] - Strategies include stabilizing and increasing household income, improving the consumption environment, and enhancing the quality of supply [6][7] - Infrastructure investment is crucial for creating a favorable consumption environment, promoting a cycle of "infrastructure boosting consumption" [8]

Group 1 - The central government's commitment to address capacity issues and optimize market competition order is evident, aiming to solidify the foundation for high-quality industrial development [1] - The core of capacity issues lies in supply-demand imbalance, necessitating efforts from both supply and demand sides to improve effective demand and promote supply-demand matching [1] - The "anti-involution" approach through legal and market-based means is crucial for improving supply-demand dynamics and establishing a fair competition order, which will stimulate innovation [1] Group 2 - In the automotive industry, "involutionary" competition has intensified this year, primarily through price wars, leading to reduced reasonable profits for upstream and downstream enterprises and potential quality risks [2] - Traditional industries should focus on enhancing technical standards and strictly controlling new capacity to avoid low-end capacity homogenization, while new industries must prevent blind expansion to mitigate investment waste [2] - A comprehensive approach to address "involutionary" competition requires a combination of effective government action and market mechanisms, promoting fair competition and encouraging enterprises to shift from price competition to value competition [3]

Group 1 - Domestic demand contributed 68.8% to GDP growth in the first half of the year, with final consumption expenditure accounting for 52%, making it the main driver of economic growth [1] - Retail sales of household appliances and audio-visual equipment, cultural office supplies, communication equipment, and furniture increased by 30.7%, 25.4%, 24.1%, and 22.9% year-on-year, respectively [1] - New consumer demands are emerging, creating new market opportunities and injecting vitality into economic development [1] Group 2 - There are barriers to fully unleashing consumption potential, particularly for the elderly, who face challenges in participating in new consumption trends [2] - Key to boosting consumption lies in enhancing supply quality and optimizing the consumption environment to encourage spending [2] - Collaborative efforts from both supply and demand sides are essential to implement policies effectively and drive high-quality economic development [2]