Group 1 - The Central Economic Work Conference was held from December 10 to 11, 2025, to summarize economic work and analyze the current economic situation, while deploying plans for 2026 [1] - The conference emphasized the implementation of more proactive macro policies, including a continuation of active fiscal policies and moderately loose monetary policies, to enhance the consistency and effectiveness of macro policies [2] - The conference highlighted the need to clear unreasonable restrictions in the consumption sector to unleash service consumption potential, which is crucial for accelerating the construction of a new development pattern and achieving high-quality development [4] Group 2 - The conference proposed measures to stabilize investment and effectively stimulate private investment by expanding access, addressing bottlenecks, and strengthening guarantees to create a stable and predictable environment for private enterprises [5] - A nationwide unified market construction regulation will be formulated to address "involution" competition, ensuring that the construction of a unified national market is legally grounded and promoting more mature and defined systems [6] - The conference called for deepening reforms in the foreign investment promotion system to steadily expand institutional openness, leveraging China's large market to attract global resources and enhance economic innovation and competitiveness [7] Group 3 - Support for major economic provinces to take the lead in driving economic growth by stabilizing investment, consumption, and exports, ensuring smooth industrial and supply chains, and contributing to national economic growth while reducing regional disparities [8]

Core Viewpoint - The Central Economic Work Conference emphasizes the importance of supporting major economic provinces as key drivers for stabilizing and promoting China's economic growth [1][2]. Group 1: Economic Role of Major Provinces - Major economic provinces are described as the "ballast" for stabilizing China's economy and the "locomotive" for driving economic growth [1]. - The repeated emphasis on the role of major economic provinces in various central meetings indicates their critical importance in China's economic development [1]. Group 2: Performance and Initiatives - In the first three quarters of the year, major economic provinces demonstrated strong development momentum, fulfilling their responsibilities in national economic stability [2]. - Various provinces have outlined their "14th Five-Year" planning suggestions, showcasing their commitment to maintaining leadership in economic growth and high-quality development [2]. - Specific initiatives include Guangdong's focus on maintaining economic volume and leading high-quality development, Jiangsu's aim for steady and quality growth, and Zhejiang's progress towards common prosperity and modernization [2]. Group 3: Strategic Support and Contributions - Major economic provinces are expected to contribute significantly to national economic growth by stabilizing investment, consumption, and exports, while ensuring smooth supply chains [2]. - Their role also includes reducing regional disparities and supporting the implementation of national strategies for common prosperity [2].

Core Viewpoint - The Central Economic Work Conference emphasizes the importance of major economic provinces as key drivers for stabilizing and promoting China's economic growth in 2024 [1][2]. Group 1: Economic Role of Major Provinces - Major economic provinces are described as the "ballast stone" for stabilizing China's economy and the "locomotive" for driving economic growth [1]. - The repeated emphasis on supporting major economic provinces in various central meetings highlights their critical role in China's economic development [1]. Group 2: Performance and Initiatives - In the first three quarters of the year, major economic provinces demonstrated strong development momentum, fulfilling their responsibilities in national economic growth [2]. - Various provinces have introduced their "14th Five-Year" planning suggestions, showcasing their commitment to maintaining leadership in economic performance and quality development [2]. - Specific initiatives include Guangdong's focus on maintaining economic volume and high-quality development, Jiangsu's aim for steady and improved growth, and Zhejiang's progress towards common prosperity and modernization [2]. Group 3: Contributions to National Growth - Major economic provinces are expected to contribute significantly to national economic growth by stabilizing investment, consumption, and exports, ensuring smooth supply chains [2]. - Their role also includes reducing regional disparities and supporting the implementation of national strategies for common prosperity [2].