此外，财政政策与金融政策协同联动还体现在其他诸多领域，比如，政府投资基金、农业保险、地 方政府融资平台债务风险化解等。 推动财政政策与金融政策更好协同联动、放大政策效能，重在落实落细。 一方面，政府部门、金融机构需完善协作机制，强化密切配合。政府性融资担保涉及业务经营、风 险监管、机制创新、制度保障等方方面面，需要建立和落实以财政支持为保障、以绩效考核为指引、以 银担合作为桥梁、以信息共享为支撑的政策体系。个人消费贷款和消费领域的服务业经营主体贷款两项 贴息政策，实施中涉及经办机构操作、金融监管、财政资金管理等多个环节，需要各方面加强合作，让 消费者、经营者实实在在享受到政策红利，有效实现促消费、惠民生的政策目标。 中央经济工作会议要求，提升宏观经济治理效能；增强宏观政策取向一致性和有效性。财政政策与 金融政策作为重要宏观调控工具，对经济运行影响的侧重面有所差别，但又相互联系、相互补充。强化 财政金融协同联动，可以更好同向发力、形成合力，实现"1+1>2"的倍增效应，特别是发挥财政资金的 导向、带动作用，引导更多金融资源流向支持就业创业、中小企业融资、促进消费等领域，实现有效市 场和有为政府相结合。 在促进消 ...

Economic Overview - The GDP growth rate for Q4 2025 is expected to slow to 4.6%, with a strong production sector and moderate demand recovery [1][14] - Industrial production is projected to maintain steady growth, significantly supporting the overall GDP growth target [2][15] - External demand remains resilient, with export growth expected to continue positively [1][5] Production - The industrial added value growth rate for December is estimated at 5.0%, with an annual growth rate of 5.9% for 2025, significantly higher than GDP growth [2][15] - Improvement in demand is noted, driven by pre-holiday inventory buildup and construction progress [2][16] - Manufacturing enterprises are experiencing improved production and market demand, with production growth slightly outpacing demand [2][16] Consumption - The retail sales growth rate for December is expected to be 1.5%, a slight increase from 1.3% [3][19] - Policies supporting the replacement of old products are anticipated to bolster consumer spending, particularly in durable goods [3][19] - The automotive sector continues to face challenges with declining sales and increased discounts, impacting overall retail recovery [3][20] Investment - Fixed asset investment for 2025 is projected to decline by 3.3%, with manufacturing investment showing resilience at 1.2% growth, while infrastructure and real estate investments are under pressure [4][23] - The investment environment has been notably weak since June 2025, with a focus on stabilizing growth in 2026 [4][25] - Manufacturing and broad infrastructure investments are expected to jointly drive growth in early 2026, with a projected increase of 2.5% for the year [4][25][30] Export - December export growth is anticipated at 3.9%, with an annual growth rate of 6.6% for 2026, supported by stable external demand from non-developed countries [5][5] - The stabilization of US-China trade relations and reduced trade friction with Europe and Japan are expected to benefit exports [5][5] Prices - The Consumer Price Index (CPI) growth rate for December is expected to be 0.7%, while the Producer Price Index (PPI) is projected at -1.9% [6][6] - The overall price level is expected to remain stable, with core CPI showing signs of recovery [6][6] Employment - The urban unemployment rate for December is projected to rise slightly to 5.2%, influenced by seasonal factors [7][7] - Continued policy support is expected to help stabilize employment, particularly for vulnerable groups [7][7] Monetary Policy - Financial data for December indicates continued pressure, with new loans and social financing expected to decline [8][8] - The central economic work conference emphasizes the need for flexible monetary policy to support economic stability and reasonable price recovery [8][8]