Economic Goals - The primary economic growth target for 2026 is set in a range of "4.5%-5%", allowing flexibility for structural adjustments, risk prevention, and reform promotion[2] - The lower limit of 4.5% aims to ensure employment stability and fiscal revenue, while the upper limit of 5% reflects a proactive policy stance[2] Fiscal Policy - The proposed fiscal deficit rate for 2026 is around 4%, maintaining the same level as 2025, with a deficit scale of approximately 5.89 trillion yuan, an increase of 230 billion yuan from the previous year[4] - Special bonds issuance includes 1.3 trillion yuan for long-term bonds and 300 billion yuan to support state-owned banks' capital replenishment[4] Monetary Policy - The monetary policy remains "moderately loose," focusing on promoting stable economic growth and reasonable price recovery, with an emphasis on flexible use of various policy tools[5] - Structural monetary policy tools will be optimized and expanded, with a focus on supporting domestic demand, technological innovation, and small and medium enterprises[5] Domestic Demand Expansion - Expanding domestic demand continues to be the top priority for the government, with a focus on enhancing service consumption and leveraging new infrastructure investments[6] - The government plans to implement a rural resident income increase plan and promote service consumption quality improvement actions[6] Green Transition - The report emphasizes a coordinated approach to carbon reduction, pollution control, and green growth, with a goal to establish a national low-carbon transition fund[9] - Key initiatives include promoting hydrogen energy and green fuels, as well as accelerating the elimination of outdated production capacity[6] Risk Management - The government aims to effectively prevent and mitigate risks in key areas, particularly in the real estate market, by implementing city-specific policies to stabilize the market[10] - Measures will be taken to address local government debt risks and ensure financial stability[10]