Core Viewpoint - The strong domestic market is a strategic support for Chinese-style modernization, emphasizing the interaction between new demand and new supply to enhance the internal circulation of the economy [1][4]. Group 1: Consumer Promotion - The government aims to improve the consumption system by removing unreasonable restrictions on consumption, such as those related to automobiles and housing, and establishing management methods that adapt to new consumption formats and scenarios [3][10]. - Implementation of paid staggered vacations is part of the strategy to boost consumer spending [3]. Group 2: Government Investment - There is a focus on optimizing the structure of government investment, increasing the proportion of investments in people's livelihoods, and advancing major national strategies and key projects with high quality [5][6]. - The investment strategy will adapt to changes in population structure and trends, enhancing infrastructure and public service facilities [5]. Group 3: Private Investment - The plan includes mechanisms to enhance the participation of private enterprises in major project construction, leveraging government investment funds to stimulate private investment and increase its proportion [8][9]. - The goal is to invigorate private investment and strengthen the market-driven growth of effective investments [8]. Group 4: Market Regulation - The establishment of unified market basic institutional rules is emphasized, including improvements in property protection, market access, information disclosure, and social credit systems [10][11]. - The aim is to eliminate barriers in resource acquisition, qualification recognition, bidding, and government procurement, while regulating local government economic promotion behaviors to dismantle local protectionism and market segmentation [10].

Core Insights - The article discusses the key points from the press conference held by the Central Committee of the Communist Party of China, focusing on the "14th Five-Year Plan" and its implications for industry development and market construction [2][3]. Group 1: Industry Development - Traditional industries are emphasized as the "basic plate" of China's industrial system, contributing approximately 80% to the manufacturing value added [2]. - The plan aims to enhance key industries such as chemicals, machinery, and shipbuilding to strengthen international competitiveness, with an estimated market space of about 10 trillion yuan to be added over the next five years [2]. Group 2: Market Construction - The article outlines three key tasks for expanding domestic demand: "expanding increment," "improving efficiency," and "smoothening circulation" [3]. - The potential for expanding domestic demand is significant, with actions proposed to boost consumption, maintain reasonable investment growth, and enhance the participation of private enterprises in major projects [3]. - The government aims to optimize investment structures, increase the proportion of investments in people's livelihoods, and improve overall management to enhance the effectiveness of government investments [3]. - The negative list for market access has been reduced from 328 to 106 items, and over 4,200 policies hindering factor flow have been cleared, although challenges remain [3]. Group 3: Policy Changes - The recent plenary session highlighted a shift in focus towards building a strong domestic market, indicating a stronger commitment to domestic market development compared to previous plans [4]. - The new emphasis on combining investments in goods and people suggests that more policy resources will be allocated to consumer and livelihood enhancement, potentially including expanded subsidies for childbirth [4]. - The prioritization of "boosting consumption" over "expanding total investment" in the latest plan signals a clear focus on consumption expansion as a core direction for economic work in the coming five years [5].

Group 1 - The establishment of a unified market is essential for smooth circulation, with the negative list for market access reduced from 328 to 106 items, and over 4,200 policies hindering factor flow have been cleared, although there are still obstacles to address [2] - The "15th Five-Year Plan" emphasizes the need for a strong domestic market as a strategic foundation for modernization, focusing on expanding domestic demand and addressing three key tasks: expanding increment, improving efficiency, and ensuring smooth circulation [3] - During the "15th Five-Year" period, it is expected that over 700,000 kilometers of underground pipelines will be constructed or renovated, with new investment demand exceeding 5 trillion yuan [3] Group 2 - The plan includes initiatives for human-centered new urbanization, orderly promotion of the urbanization of agricultural transfer populations, and vigorous implementation of urban renewal, which will significantly promote a virtuous cycle of investment and consumption, revealing substantial domestic demand potential [3]