Core Viewpoint - The article emphasizes the importance of a more proactive fiscal policy in stabilizing the economy and enhancing social welfare, guided by Xi Jinping's economic thought [2][3]. Group 1: Fiscal Policy Effectiveness - In 2024, a series of incremental fiscal policies were implemented, leading to a noticeable economic rebound and increased social confidence, particularly during the second and third quarters [3][4]. - A one-time increase of 6 trillion yuan in local special bond limits was executed to replace hidden debts, with the 2024 replacement quota fully issued and over 70% of the 2025 quota completed, resulting in an average interest rate reduction of over 2.5% [4]. - The introduction of special government bonds to support state-owned banks in enhancing their core capital is aimed at improving their ability to serve the real economy [4]. Group 2: Support for Key Sectors - The government has intensified support for the real estate market through tax incentives and special bonds, leading to signs of stabilization in the housing sector [5]. - A significant adjustment in student aid policies has been made, benefiting over 34 million students, alongside direct financial assistance to over 11 million vulnerable individuals [6]. - The GDP growth rate for the last quarter of the previous year was 5.4%, with a total GDP of 134.9 trillion yuan, contributing approximately 30% to global economic growth [6]. Group 3: Strategic Fiscal Management - The design and implementation of fiscal policies reflect the central government's strategic thinking, emphasizing a systematic approach to balancing multiple objectives such as growth, structural adjustment, and risk prevention [7][8]. - The government is focusing on precise measures to address key economic challenges, particularly in local government debt management, to foster new growth points [8]. - The fiscal policy aims to enhance macroeconomic control by increasing the deficit ratio to 4% and raising the fiscal budget to 5.66 trillion yuan, the highest in recent years [11][12]. Group 4: Investment and Consumption Promotion - The government is committed to boosting consumption through substantial fiscal measures, including a 300 billion yuan allocation for consumer subsidies [14]. - Effective investment strategies are being employed, with a focus on both physical and human capital, including the issuance of long-term special bonds to support infrastructure and equipment upgrades [15]. - Increased funding for scientific research and technology is prioritized, with a 10% rise in central government technology spending compared to the previous year [15]. Group 5: Social Welfare and Regional Development - The fiscal strategy includes enhancing social welfare by increasing funding for education, healthcare, and social security, with a focus on improving living standards [17]. - Support for rural development and agricultural policies is being strengthened to ensure food security and promote rural revitalization [18]. - The government is actively working to mitigate risks in key sectors, particularly in local government debt management and the real estate market [18].