Core Viewpoint - The Central Economic Work Conference outlined eight key tasks for economic work in 2026, emphasizing the importance of domestic demand and innovation-driven growth [1][4]. Policy Orientation - The policy tone for next year is characterized by "seeking progress while maintaining stability" and "improving quality and efficiency," indicating a focus on the effectiveness of policies [3]. - The conference reiterated the need for a more proactive macroeconomic policy, enhancing the forward-looking, targeted, and coordinated nature of policies to expand domestic demand and optimize supply [3][4]. Domestic Demand Focus - "Maintaining domestic demand as the primary task" is highlighted as crucial for economic stability and security, with an emphasis on transforming market potential into real growth [4][5]. - The conference plans to implement a "rural and urban residents' income increase plan" to boost consumption capacity and willingness [6]. Investment and Consumption - The conference aims to stabilize investment by increasing the scale of central budget investments and optimizing the use of local government special bonds [6][7]. - Fiscal support for consumption is expected to rise from 300 billion to 500 billion, with a focus on service consumption and policies to encourage spending [6]. Innovation-Driven Growth - The emphasis on "innovation-driven growth" aims to strengthen the role of technology in shaping new development advantages, with plans to enhance support for tech enterprises [8][9]. - The conference outlines a strategy for developing key industries, including traditional sectors transitioning to high-end, intelligent, and green models, and emerging sectors like renewable energy and aerospace [9]. Market Regulation and Competition - The conference stresses the need for reform to enhance high-quality development, including the establishment of a national unified market construction regulation to eliminate unfair competition [10]. - The focus on creating a win-win environment for platform enterprises and workers indicates a shift towards quality improvement in the platform economy [10]. Real Estate Market Stability - The conference emphasizes stabilizing the real estate market through targeted policies, including increasing loan quotas for real estate projects and encouraging the purchase of existing homes for affordable housing [11][12]. - The deepening of housing provident fund system reforms is expected to provide significant policy space for supporting the real estate market [12].