1、市场监管总局就《互联网平台反垄断合规指引（征求意见稿）》公开征求意见。详细列举互联网平 台可能发生的反垄断合规风险，引导平台经营者加强反垄断合规管理，有效预防和制止垄断行为的发 生，有利于营造公平竞争的市场环境。 2、国家卫生健康委："十四五"以来，我国不断完善生育政策体系和激励机制。9月开始申领的育儿补 贴，目前全国累计提交3170多万条申领信息，各地已经于本月中旬陆续开始发放育儿补贴。 今日关注 11月14日，外交部和中国驻日本使领馆郑重提醒中国公民近期避免前往日本。11月15日，继南航、国 航、东航三大航司后，川航、厦航、海航等多家航司发出通知，公布了涉及日本航线客票的特殊处置方 案，对于出行日期在12月31日之前，涉及日本相关航线且符合相关条件的客票，可予以免费退改处理。 宏观经济 3、第二十七届中国国际高新技术成果交易会正在深圳进行，本届高交会共设置国之重器重大装备、人 工智能与机器人、半导体、低空经济与商业航天、消费电子等22个专业展区，5000余项代表全球科技前 沿的新产品、新技术、新成果集中发布。 4、国家体育总局的最新数据显示，在我国，户外运动的人群已经超过4亿人。VR虚拟登山、夜间徒 ...

2025.11. 15 首都经济贸易大学劳动经济学院教授姜全保对第一财经分析，我国幅员辽阔，各地经济发展水平存在 差异，既有省际差异，也有省域内各地市之间的差异。因此，在国家育儿补贴制度的基础上，各地因 地制宜，尽力而为、量力而行，在本地财力允许的范围内出台补贴政策。 当前，我国已由人口增量发展转向减量发展阶段，人口发展呈现少子化、老龄化、区域人口增减分化 的趋势性特征。 河北大学经济学院教授王金营撰文分析，未来人口发展面临严峻挑战。长期低生育率将导致人口规模 缩减、结构老化以及区域人口增减分化。若低生育率问题未在2025—2050年有效缓解，2050年后 人口年均缩减速度可能达1.5%，到21世纪末人口总量将大幅下降，老龄化水平或超过40%，这将对 产业、城市、基础设施与公共服务体系的稳定构成影响。因此，持续偏低的生育率已成为制约人口高 质量发展的关键瓶颈。 本文字数：1692，阅读时长大约3分钟 作者 | 第一财经 林靖 据央视报道，第五届中国人口与发展论坛11月14日在北京举行。国家卫生健康委主任雷海潮介 绍，"十四五"以来，我国不断完善生育政策体系和激励机制。2025年9月开始申领育儿补贴，目前全 国 ...

Core Viewpoint - China is transitioning from population growth to a phase of decline, characterized by low birth rates, aging population, and regional population disparities. The current fertility level is approximately 1.1 children per woman, significantly below the ideal number of 1.8 and intended number of 1.6 [3][4]. Policy and Support Measures - The Chinese government is advocating for a positive marriage and childbirth outlook, optimizing fertility support policies, and implementing measures such as childcare subsidies and personal income tax deductions to reduce family costs associated with childbirth and education [4][7]. - The establishment of a comprehensive fertility support system is underway, focusing on three core areas: maternity insurance, care services, and reproductive health [3][6]. Healthcare and Financial Support - Recent improvements in healthcare support include the inclusion of therapeutic assisted reproductive technologies in insurance coverage, benefiting around 1 million families in 2024 [4][5]. - Beijing has integrated 16 assisted reproductive projects into its medical insurance, covering 647,000 patients with total costs of 863 million yuan, of which 581 million yuan was funded by insurance [5]. Local Government Initiatives - Hunan Province has introduced measures to enhance maternity services, ensuring that public medical institutions are available in areas with varying populations [6]. - The implementation of a national childcare subsidy program will provide 3,600 yuan annually for each child until the age of three, starting January 1, 2025 [7][8]. Educational Support - The government plans to gradually implement free preschool education, starting from the 2025 academic year, to alleviate the financial burden on families [8][9]. - The integration of free education policies is seen as a crucial part of the broader fertility support framework, aimed at fostering a child-friendly environment [8][9]. Comprehensive Approach - A multi-faceted approach is necessary to encourage childbirth, addressing economic support, education, childcare, medical care, and housing [9]. - Companies are encouraged to participate in this initiative by fulfilling social responsibilities, such as providing childcare facilities and implementing parental leave policies [9].

Core Points - The first local detailed guidelines for the national childcare subsidy system have been introduced in Ordos City, Inner Mongolia, which implements differentiated subsidy policies based on the national standard [1] - The subsidy follows the principle of "higher not lower," meaning that it does not allow for stacking of subsidies [1] - For one-child and two-child families, the national subsidy standard of 3600 yuan per year remains in effect, while for three-child families, the subsidy exceeds the national standard, amounting to 10,000 yuan per year (3600 yuan national + 6400 yuan local) until the child turns three [1] - The national childcare subsidy system was announced on July 28, with a plan to provide 3600 yuan annually for all children until they reach three years old starting January 1, 2025 [1] - The plan specifies that subsidies will be distributed annually, with central government funding supporting eastern, central, and western regions proportionally, while local governments can adjust the subsidy levels based on their financial capabilities [1]

Core Viewpoint - The article discusses the acceleration of direct cash birth subsidies in China, with 25 provinces implementing these measures to address declining birth rates and stimulate economic growth through increased consumption in related sectors [1][6]. Group 1: Birth Subsidy Implementation - Starting November 1, 2023, 25 provinces will directly distribute birth subsidies to individuals, with early adopters including Jiangxi, Anhui, and Shaanxi [1]. - Cities like Panzhihua in Sichuan and Tianmen in Hubei have initiated substantial subsidies, with Tianmen offering up to 355,900 yuan for families with three children [3][4]. - The trend of providing birth subsidies began in smaller cities and is now being adopted by larger cities, indicating a widespread recognition of the need to boost birth rates [2][4]. Group 2: Economic Impact of Birth Policies - Birth subsidies are seen as a means to stimulate demand in various sectors such as maternal and infant products, education, healthcare, and real estate, creating a positive feedback loop for the economy [1][6]. - Tianmen's policies have reportedly led to a 5.9% increase in real estate investment and a 14.1% rise in fiscal revenue in 2024 [6]. - The average cost of raising a child in China is estimated at 538,000 yuan, highlighting the long-term economic benefits of increasing birth rates [6]. Group 3: Challenges and Limitations - Despite the short-term benefits of birth subsidies, there are concerns about the sustainability and comprehensiveness of these measures, as many initiatives lack long-term solutions [10][11]. - Issues such as low wages for "mom jobs," inadequate childcare services, and high costs of non-subsidized childcare remain significant barriers to increasing birth rates [10][11]. - The current policies often favor local residents, which can disadvantage migrant families and exacerbate financial burdens [11].

Core Points - The article discusses the recent approval of child-rearing subsidy applications in Jiangsu, indicating that the subsidy program is now fully open for applications through various online platforms and local government offices [1][4]. - The national standard for the child-rearing subsidy is set at 3,600 yuan per child per year, applicable until the child reaches three years of age [7][11]. - The subsidy calculation for children born before January 1, 2025, will be prorated based on the number of months eligible for the subsidy [8][9]. Group 1 - The child-rearing subsidy application status has changed to "approved," indicating progress towards disbursement [2][3]. - Applications can be submitted online via Alipay, WeChat, and provincial government service platforms, or in person at local township offices [4]. - The subsidy is designed to support families with children under three years old, with a total potential subsidy amount based on the child's birth month [8][10]. Group 2 - The subsidy amount varies by the month of birth, with a detailed table outlining the specific amounts for each month from 2022 to 2024 [9][10]. - Parents or guardians must provide necessary documentation, including medical proof of birth and household registration, when applying for the subsidy [11]. - The funds will be disbursed to the bank accounts of the applicants or the children [12].

Group 1 - The core viewpoint of the article emphasizes the significant role of fiscal policy in supporting economic resilience in the first half of 2025, with a broad fiscal expenditure growth rate of 8.9%, surpassing the nominal GDP growth rate of 4.3% [3][10] - Fiscal expenditures in the first half of 2025 showed a front-loaded rhythm and differentiated allocation, with a focus on debt resolution and rapid implementation of special refinancing bonds, amounting to nearly 1.8 trillion yuan [3][22] - Key areas of fiscal support included social security and employment, with expenditures increasing by 9.2% year-on-year, and scientific and technological spending rising by 9.1% compared to the same period in 2024 [3][22] Group 2 - The necessity and possibility of increasing fiscal measures in the second half of 2025 are highlighted, especially if economic pressures become evident, with potential adjustments to fiscal policies to meet annual GDP targets [5][40] - The article discusses two categories of fiscal tools for potential increases: one involving incremental policies that do not require budget adjustments, and another involving new government debt limits that require approval from the National People's Congress [6][68] - Historical context is provided regarding past adjustments to fiscal budgets, indicating that significant changes have occurred infrequently, with the last major adjustment in October 2023 involving an additional 1 trillion yuan in government bonds [6][68] Group 3 - Current fiscal priorities are identified as risk prevention, transformation promotion, livelihood protection, and consumption stimulation, with a focus on addressing hidden debt issues at the local government level [7][74] - The article notes that new emerging industries and service sector development are key areas of support, as indicated by recent political meetings emphasizing new pillar industries and increased openness in the service sector [7][81] - Specific fiscal measures include the establishment of a childcare subsidy fund with an initial budget of approximately 90 billion yuan, aimed at supporting families with children [7][89]

Core Viewpoint - The overall economic performance of China in August remains stable, with steady growth in production, demand, employment, and prices, supported by new growth drivers and consumption incentives [1][2]. Economic Indicators - Key economic indicators show stability, with no significant changes in economic growth, employment, or prices [1]. - High-tech manufacturing investment continues to grow, indicating strong support for manufacturing investment from new productive forces [1]. Consumption Trends - The consumption of durable goods, particularly in the automotive sector, has seen a rebound in retail growth, aligning with the government's recent "anti-involution" policy [1]. - The implementation of consumption-boosting policies, such as the replacement of old products and various social welfare initiatives, is expected to enhance consumer capacity and willingness [2]. Future Outlook - The economic outlook for the second half of the year is positive, with expectations for stable economic operation due to increased resource investment and ongoing policy support [2]. - Upcoming holidays, such as the Mid-Autumn Festival and National Day, are anticipated to further stimulate consumer spending [2].

Core Viewpoint - The article discusses the achievements and future plans of China's fiscal policy during the "14th Five-Year Plan" period, highlighting significant increases in budget revenues and expenditures, as well as various measures to enhance economic growth and manage debt risks [1][2][5]. Fiscal Performance - During the "14th Five-Year Plan," the national general public budget revenue is expected to reach 106 trillion yuan, an increase of 17 trillion yuan compared to the "13th Five-Year Plan," representing a growth of approximately 19% [1]. - The national general public budget expenditure is projected to exceed 136 trillion yuan, an increase of 26 trillion yuan, or 24% compared to the previous plan [1]. - Key allocations include 20.5 trillion yuan for education, 19.6 trillion yuan for social security and employment, 10.6 trillion yuan for health, and 4 trillion yuan for housing security, totaling nearly 100 trillion yuan in fiscal investment for people's livelihoods [1]. Fiscal Policy and Economic Growth - The fiscal policy has maintained a proactive orientation, focusing on expanding domestic demand, benefiting people's livelihoods, and supporting technological innovation [5][7]. - The deficit ratio has increased from 2.7% to 3.8%, with a further rise to 4% in 2023, and a projected deficit scale of 5.66 trillion yuan for 2025 [5]. - A total of 11.86 trillion yuan in government bonds has been issued, marking a historical high, including special bonds to support state-owned banks [5]. Debt Management - A comprehensive debt reduction initiative was launched, amounting to 12 trillion yuan, which includes increasing local government debt limits and replacing hidden debts [10]. - By mid-2025, over 60% of financing platforms have exited, indicating significant progress in reducing hidden debts [10]. - The total government debt is projected to be 92.6 trillion yuan by the end of 2024, with a debt-to-GDP ratio of 68.7%, which is considered manageable compared to G20 and G7 averages [11]. Future Outlook - The government aims to establish a robust debt management mechanism aligned with high-quality development, ensuring sustainable debt practices and enhancing transparency [12]. - Continued efforts will be made to implement debt reduction measures and improve the management of both hidden and legal debts [12].

Group 1 - The article discusses the process for individuals to correct their business income tax declarations through the online tax system [1][4][7] - It outlines the steps to log in, navigate to the declaration information, and select the completed declarations for correction [2][5][6] - The article emphasizes the importance of confirming the modified data before submission to ensure accuracy [8] Group 2 - The article provides details on the child subsidy standards, stating that the current national basic standard is 3600 yuan per child per year until the child reaches three years old [14] - It explains the calculation method for subsidies for children born before January 1, 2025, who are under three years old, detailing the monthly subsidy amounts [15][16] - The article includes a table showing the subsidy amounts for each month from 2022 to 2024, indicating a gradual increase in the subsidy as the child ages [17][18] Group 3 - The article describes the application process for the child subsidy, which can be done online or offline, requiring the submission of necessary documents such as birth certificates and household registration [20] - It mentions that the subsidy is exempt from personal income tax and does not count towards income for certain welfare recipients [21]