转自：北京日报客户端 数据来源 国家统计局官网 消费不仅关系经济发展，也关系民生改善。2025年前11个月，我国消费市场交出了一份稳健的成绩单： 社会消费品零售总额达45.6万亿元，同比增长4.0%，累计增速快于上年同期0.5个百分点。消费市场亮 点纷呈，文娱类和信息类服务消费需求较快释放，服务零售增长加快；消费新业态新模式蓬勃发展，线 上消费占比提升。 2025年年初以来，《提振消费专项行动方案》等政策密集出台，从增收减负、供给升级、环境优化等多 维度入手，构建起全方位的消费支撑体系。财政金融政策协同发力，形成"政府补贴+金融支持+商家优 惠"的联动效应；以旧换新、消费补贴等举措精准滴灌，激活大宗消费潜力。各项政策紧密配合、同向 发力，有效对冲了内外部环境变化带来的压力，稳住了消费基本盘。 但也要看到，近几个月消费增速有所放缓。特别是社会消费品零售总额增速已经连续6个月下降。一方 面受2024年基数较高的影响，另一方面也反映出内需不足仍是当前经济运行的突出矛盾。扩内需、促消 费，关键要找准要害、精准施策，既破解当前突出问题，又夯实长远发展基础。 收入稳则消费稳，收入增则消费旺。当前，部分居民消费信心不足，根 ...

他还特别强调，"十五五"规划建议中提出的"技高者多得、创新者多得"这一表述有着鲜明的导向性 意义。"这一表述突出了以创新驱动增收的目标方向，"尹艳林表示，"相关部署的落地实施，将进一步 推动我国居民收入分配结构朝着更加合理的方向持续优化。" "随着经济稳中向好、资本市场提振，会有更多的人增加在资本市场的资产配置，这是市场规律作 用下的合理趋势，也是一个循序渐进的过程。"尹艳林表示。（记者 朱晓航） "十五五"规划建议提出，实施城乡居民增收计划。"十五五"时期，老百姓的"钱袋子"将迎来哪些新 变化？全国政协委员尹艳林在接受中国经济网《深谈》节目采访时表示，工资性收入是重点发力方向， 未来财产性收入在总收入中的占比也将提高。 "技高者多得、创新者多得" 激活增收动能 "实施城乡居民增收计划，就是要增加老百姓的工资性收入、经营性收入、财产性收入和转移性收 入。"尹艳林指出，"其中，工资性收入在我国居民收入结构中占大头，是收入增长的重点发力方向。" 财产性收入增长可期，配置转移需稳妥 针对多渠道增加居民财产性收入问题，尹艳林坦言，当前我国居民财产性收入占比不高且增长较 慢。"如果老百姓的钱没有地方投，就会造成资金供求 ...

Core Viewpoint - The article emphasizes that increasing residents' income is central to addressing current economic challenges in China, highlighting the need for effective demand and consumer spending to drive economic growth [2][3]. Group 1: Economic Policy and Strategy - The National Financial Work Conference has outlined a more proactive fiscal policy for 2026, focusing on employment support and income growth for residents through various funding channels [2]. - The Central Economic Work Conference has introduced a plan for increasing urban and rural residents' income, underscoring the foundational role of consumption in domestic demand and economic circulation [2][3]. Group 2: Challenges and Solutions - The article identifies insufficient effective demand as a critical bottleneck for the Chinese economy, rooted in the disproportionate distribution of national income among the government, enterprises, and residents [2][3]. - It argues that breaking the long-standing bias that prioritizes investment over consumption is essential for enhancing domestic demand and consumer spending [3]. Group 3: Implementation Mechanisms - The article proposes the establishment of a transparent guarantee system to ensure fair competition and protect the rights of all economic entities, which would facilitate a more equitable distribution of national income [4]. - A protective guarantee system is suggested to provide a safety net for residents, enhancing social security and transfer payment efficiency to foster innovation and risk-taking [4]. Group 4: Employment and Economic Participation - Employment is highlighted as the primary channel for residents to engage in economic activities and share in economic growth, necessitating the removal of barriers to resource mobility and monopolies [5]. - The article stresses the importance of creating a system that allows for the free flow of resources and opportunities, which would lead to increased employment and economic participation [5].

Core Viewpoint - The central theme of the articles emphasizes the importance of increasing residents' income as a fundamental strategy to boost domestic consumption and address the current economic challenges in China [1][2][4]. Group 1: Economic Policy and Strategy - The National Financial Work Conference held on December 27-28 highlighted the continuation of a proactive fiscal policy into 2026, focusing on increasing residents' income through various financial support measures [1]. - The recent Central Economic Work Conference introduced a plan for increasing urban and rural residents' income, underscoring the foundational role of consumption in domestic demand and economic circulation [1]. - The articles argue that the current economic bottleneck is insufficient effective demand, primarily due to inadequate purchasing power and disposable income among residents, which is exacerbated by an imbalance in income distribution among the government, enterprises, and residents [1][2]. Group 2: Structural Reforms - The articles advocate for a comprehensive reform to eliminate systemic barriers that hinder domestic demand and consumption, emphasizing a shift in policy focus towards human-centered investment [2]. - A transparent guarantee system is proposed to ensure fair competition and protect the rights of all economic participants, which would facilitate a more equitable distribution of national income [2][3]. - The establishment of a protective social safety net is deemed essential for providing economic stability and encouraging innovation and risk-taking among residents [3]. Group 3: Employment and Economic Participation - Employment is identified as the primary channel for residents to engage in economic activities and share in economic growth, highlighting the need for policies that enhance job opportunities and resource mobility [3][4]. - The articles stress the importance of creating an environment where economic opportunities are accessible to all, advocating for the removal of monopolistic barriers and the promotion of resource flow [3][4]. - The concept of "breaking" and "establishing" is introduced, suggesting that addressing existing constraints on income and consumption must go hand in hand with building new economic structures that support growth [4].

Group 1 - The core viewpoint emphasizes that increasing residents' income is essential for economic circulation and requires a combination of breaking down and establishing new institutional frameworks [1][5] - The National Financial Work Conference highlighted that in 2026, a more proactive fiscal policy will be implemented, focusing on supporting employment and entrepreneurship to increase residents' income [2][5] - The recent Central Economic Work Conference underscored the importance of consumer spending as a foundational element of domestic demand and economic circulation, marking the first time a plan for increasing urban and rural residents' income was proposed [2][5] Group 2 - The article discusses the need to reform systemic barriers that hinder domestic demand and consumption, advocating for a shift in perception that prioritizes consumption as a driver of economic growth rather than investment [3][5] - A transparent guarantee system is proposed to ensure fair competition and protect the rights of all economic entities, which would facilitate a more equitable distribution of national income among government, enterprises, and residents [3][4] - The establishment of a protective social safety net is essential for providing security and encouraging innovation, emphasizing the role of social welfare and public transfer payment systems in supporting economic growth [4][5] Group 3 - The article argues that increasing residents' income requires both the courage to break down existing barriers and the establishment of new opportunities for economic participation [4][5] - Employment is identified as the primary channel for residents to engage in economic activities and share in economic growth, necessitating the removal of institutional obstacles that restrict resource mobility [4][5] - The call for a legal framework that restricts power without authorization aims to liberate the flow of resources and create more job opportunities within the complex interactions of the economy [4][5]

Group 1 - The core viewpoint of the article emphasizes that insufficient domestic demand is a major challenge facing the current economic operation, particularly highlighted by the low resident consumption rate [1] - Experts have analyzed that the low proportion of resident consumption in total demand is primarily due to the low share of resident income in national income, significant income disparity, and a large low-income population [1] - According to the latest data from the National Bureau of Statistics, in 2024, the per capita disposable income of the low-income group is 9,542 yuan, which is only 9.7% of the high-income group (98,809 yuan) and 28.1% of the middle-income group (33,925 yuan) [1] Group 2 - There is a significant regional disparity in per capita disposable income, with the eastern region showing much higher income levels compared to the central, western, and northeastern regions, with a difference exceeding 19,000 yuan between the east and west [6] - In 2024, only eight provinces have a per capita disposable income that meets the national average, including Shanghai, Beijing, Zhejiang, Jiangsu, Tianjin, Guangdong, Fujian, and Shandong, with Shanghai and Beijing exceeding 85,000 yuan [6] - In contrast, provinces like Yunnan, Guizhou, and Gansu have per capita disposable incomes below 30,000 yuan, with Gansu's income being only about 30% of Shanghai's [6] Group 3 - Analyzing the sources of resident income, wage income is the primary source of disposable income, accounting for 56.5% of the national average in 2024, while the other three components (operating net income, property net income, and transfer net income) account for 16.7%, 8.3%, and 18.5% respectively [9] - In regions like Guangdong, Beijing, and Shanghai, the proportion of wage income is even higher, exceeding 60% [9] Group 4 - The significant impact of wage income on overall income levels is evident, with notable disparities among different groups [15] - In 2024, the national average per capita wage income is 23,327 yuan, aligning with the eight provinces that meet the average disposable income level [15] - Shanghai has the highest per capita wage income at 55,999 yuan, while Guizhou has the lowest at 14,632 yuan, making Shanghai's income 3.8 times that of Guizhou [15] Group 5 - This year, the central government has repeatedly emphasized "increasing income," with the Central Economic Work Conference including "formulating and implementing a plan for increasing urban and rural resident income" as a key task for the coming year [19] - The "14th Five-Year Plan" explicitly proposes to "increase the proportion of resident income in national income distribution and raise the share of labor remuneration in primary distribution" [19]

Group 1 - The core viewpoint of the article emphasizes that insufficient domestic demand is a major challenge facing the current economic operation, particularly manifested in the low resident consumption rate [1] Group 2 - Experts have analyzed that the low proportion of resident consumption in total demand is primarily due to the low share of resident income in national income, significant income disparity, and a large low-income group with low income [2] - In 2024, the per capita disposable income of the low-income group is 9,542 yuan, which is only 9.7% of the high-income group (98,809 yuan) and 28.1% of the middle-income group (33,925 yuan) [2] Group 3 - There is a significant regional disparity in per capita disposable income, with the eastern region having a notably higher income than the central, western, and northeastern regions, with a difference exceeding 19,000 yuan [7] - In 2024, only eight provinces have a per capita disposable income that meets the national average, including Shanghai, Beijing, Zhejiang, Jiangsu, Tianjin, Guangdong, Fujian, and Shandong, with Shanghai and Beijing exceeding 85,000 yuan [7] - In contrast, provinces like Yunnan, Guizhou, and Gansu have per capita disposable incomes below 30,000 yuan, with Gansu's income being only about 30% of Shanghai's [7] Group 4 - Analyzing the sources of resident income, wage income is the primary source of disposable income, accounting for 56.5% of the national average in 2024, while the other three components account for 16.7%, 8.3%, and 18.5% respectively [11] - In regions like Guangdong, Beijing, and Shanghai, the proportion of wage income exceeds 60% [11] Group 5 - The average per capita wage income in 2024 is 23,327 yuan, with Shanghai having the highest at 55,999 yuan and Guizhou the lowest at 14,632 yuan, making Shanghai's wage income 3.8 times that of Guizhou [15] Group 6 - The central government has repeatedly emphasized "increasing income" this year, with the Central Economic Work Conference including "formulating and implementing urban and rural resident income increase plans" as a key task for the coming year [20] - The "14th Five-Year Plan" explicitly proposes to "increase the proportion of resident income in national income distribution and raise the proportion of labor remuneration in primary distribution" [20]

Core Viewpoint - The Central Economic Work Conference emphasizes expanding domestic demand as the primary task for economic work in the coming year, with a focus on boosting consumer spending as a critical component of this strategy [1]. Group 1: Economic Policies and Consumer Spending - The conference highlights the importance of enhancing consumer spending to meet the public's aspirations for a better life and to mitigate the impacts of external shocks and declining external demand [1]. - Policies such as the trade-in program for consumer goods, increased fiscal investment in people's livelihoods, and financial incentives for loans are seen as significant supports for boosting consumer spending [1]. - To fundamentally enhance consumer spending, it is essential to promote continuous growth in residents' income, thereby solidifying their consumption capacity and confidence [1]. Group 2: Employment and Income Growth - Employment stability is crucial for income stability, with wage income being the largest component of residents' income [2]. - The government plans to implement a broader income growth strategy that includes policies aimed at increasing employment, particularly in the service sector, by removing unnecessary barriers [2]. - Investments in human capital, such as early childhood education and lifelong learning programs, are necessary to improve residents' skills and enable them to seek higher-paying jobs [2]. Group 3: Income Distribution and Public Services - Improving income distribution can be achieved through tax adjustments and transfer payments to enhance the basic public service supply system, thereby reducing quality of life disparities [3]. - Specific public policies, such as cash subsidies for children and waiving fees for public kindergarten, are aimed at directly benefiting residents and enhancing their consumption confidence [3][4]. - The social security system, particularly the pension system, requires further reform to bridge the gaps in funding and benefits between different demographics [4]. Group 4: Long-term Economic Development - The expectation for the "Urban and Rural Residents' Income Growth Plan" reflects a long-term vision for investing in people and promoting comprehensive development for all citizens [4].

Core Viewpoint - The central economic work conference indicates that China's economy is expected to grow around 5% in 2025, with a total economic volume reaching approximately 140 trillion yuan, despite facing challenges in the coming year [1][11]. Group 1: Macroeconomic Policies - China will continue to implement more proactive fiscal and monetary policies in 2026, maintaining necessary fiscal deficits and debt levels while optimizing fiscal expenditure structures [2][12]. - The total government bond issuance for 2025 is projected to be 11.86 trillion yuan, with a deficit rate of around 4%, which is expected to remain stable in 2026 [2][13]. - Monetary policy will focus on maintaining liquidity and supporting economic growth, with tools including interest rate cuts and reserve requirement ratio adjustments [3][14]. Group 2: Income and Employment - A plan to increase urban and rural residents' income is expected to be implemented in 2026, aiming to enhance the quality of employment and raise the basic pension for residents [5][15]. - The goal is to synchronize income growth with economic growth, ensuring that labor remuneration increases alongside productivity [6][16]. - Employment policies will prioritize stability, focusing on key groups such as college graduates and migrant workers, while promoting training in high-demand industries [7][17]. Group 3: Consumption and Investment - Expanding domestic demand is a top priority for 2026, with a focus on balancing goods and service consumption, particularly in sectors like tourism and elderly care [8][18]. - Investment is expected to stabilize, with an emphasis on infrastructure projects that enhance consumer services and improve living standards [9][20]. - The government aims to stimulate private investment, particularly in high-tech and service sectors, to boost overall economic activity [10][21].

Core Viewpoint - The article emphasizes the importance of implementing a strategy to expand domestic demand, focusing on enhancing consumer spending potential and capability [1] Group 1: Enhancing Consumer Spending Potential - The government aims to significantly boost residents' willingness to consume through targeted actions [1] - Initiatives include stabilizing major consumption sectors and promoting policies like trade-in for consumer goods [1] - There is a focus on creating new consumption scenarios through brand leadership, standard upgrades, and new technology applications [1] - Support will be provided for emerging economies, event economies, and e-commerce development [1] - Key projects will be implemented in areas such as elderly care, childcare, health, and cultural tourism to meet the needs of consumption upgrades and population aging [1] - Urban renewal projects will be prioritized, including updates to parking facilities and old elevators [1] - Efforts will be made to expand inbound consumption and improve convenience levels [1] Group 2: Enhancing Consumer Capability - The government will strengthen employment-first policies to stabilize and expand job opportunities through multiple channels [1] - There will be an emphasis on optimizing the entrepreneurial environment to promote employment [1] - A plan to increase income for urban and rural residents will be implemented, aiming to raise the share of residents' income in national income distribution [1] - The government will work to ensure that labor remuneration increases in tandem with economic growth and productivity [1] - Policies aimed at direct consumer benefits will be enhanced, with increased government funding for social welfare expenditures [1] - The social security system will be improved, and efforts will be made to promote equal access to basic public services [1] - Support for childbirth and parenting will be increased [1]