Group 1 - The core agenda of the upcoming Fourth Plenary Session of the 20th Central Committee is to review the recommendations for the 15th Five-Year Plan, marking the start of a new five-year cycle [3] - The meeting emphasizes that the 15th Five-Year period is crucial for achieving the foundation of socialist modernization, highlighting the coexistence of strategic opportunities and high-risk periods [3] Group 2 - The meeting signals a shift in economic work priorities, placing employment stability above growth stability, with a focus on promoting employment for key groups such as college graduates, veterans, and migrant workers [4] - There will be an upgrade in fiscal and monetary policy coordination, including accelerated government bond issuance and maintaining ample liquidity in the monetary system, indicating potential further reductions in the Loan Prime Rate (LPR) [4] - The meeting outlines a dual-track approach to stimulate domestic demand, focusing on both consumption and effective investment, with an emphasis on ensuring livelihood support as a foundation for consumption capacity [4] Group 3 - Consumption stimulation will shift from expanding goods to upgrading services, with policies targeting major consumption areas and new growth points in service consumption, particularly in sectors like tourism, health care, and digital content [5] - The government will focus on high-quality construction of major strategic projects and infrastructure, with an emphasis on long-term project benefits and stimulating private investment [5] - The meeting highlights the need for capacity governance in key industries, such as steel and cement, and emphasizes the integration of technological and industrial innovation, particularly in critical sectors like semiconductors and AI [6] Group 4 - This meeting marks a transition from crisis response to medium- and long-term reconstruction, with a policy combination characterized by livelihood support, industrial upgrading, and risk clearing, suggesting a collaborative fiscal and monetary effort in the second half of the year [7]