Economic Strategy Overview - The central economic work meeting has set a clear direction for 2026, focusing on "comprehensive expansion of domestic demand" with coordinated policies from multiple core ministries [2][3] - The framework includes three main areas: increasing resident income, consumer subsidies, and effective investment [2] Fiscal Measures - The Ministry of Finance has outlined a "three funds" approach, committing to increase basic pensions, leverage fiscal subsidies to attract social capital, and continue increasing central budget investments beyond 2025 levels [2][3] Financial Initiatives - A "bank-business linkage" mechanism has been established, integrating tools such as digital RMB red packets, loan interest subsidies, and risk compensation to facilitate targeted financial support [2][4] Consumer Services Growth - The Ministry of Commerce has identified "service consumption" as a new growth driver, focusing on industries like housekeeping, health care, winter sports, and the silver economy, while also working to eliminate consumption barriers [2][3] Income Growth Objectives - The Central Financial and Economic Affairs Commission has set a goal for income growth, emphasizing the development of a "rural and urban resident income growth plan" to enhance public service spending and indirectly boost consumption capacity [2][5] Multi-Dimensional Policy Approach - The strategy aims to create a virtuous cycle of income growth, consumer confidence, and innovative supply, addressing the low proportion of disposable income among residents [3][4] - The approach is not about short-term stimulus but rather a systematic construction of a sustainable economic model [3] Implementation Challenges - The success of the strategy will depend on the precision of policy implementation, efficiency in fund allocation, and the confidence of households and market entities in the future [5] - There is a need for deeper institutional reforms to support income growth, such as improving technology equity and intellectual property protection [5]