CCTV News: At the briefing of the State Council Information Office held on March 5, Chen Danyang, head of the drafting group of the "Government Work Report" (hereinafter referred to as the "Report") and director of the State Council Research Office, said that the "Report" particularly emphasizes the need to expand domestic demand in all aspects, which is to require comprehensive measures to stimulate the potential of domestic demand in all aspects, so that domestic demand becomes the main driving force and stability anchor to drive economic growth.
Shen Danyang said that the prominent contradiction in the current economic operation is insufficient demand, and changes in the external environment may bring new impacts on external demand. In this case, more development focus should be placed on domestic demand. In expanding domestic demand, the report puts boosting consumption in a more prominent position. At present, we must increase efforts to solve problems such as insufficient consumption capacity, insufficient high-quality supply and further improvement of the consumption environment.
Chen Danyang said that in 2025, on the basis of the increased efforts and expansion of the "old-for-new" policy for consumer goods, we must highlight the "three efforts" and implement the "one action". The so-called "three efforts" are to work together from three aspects: promoting increased income and burden to improve consumption capacity, increasing high-quality supply to create effective demand, and improving the consumption environment and improving consumption willingness. In addition, we must implement the "one special action", namely the special action to boost consumption. At present, relevant departments are formulating action plans and supporting policies, and will be issued and implemented as soon as possible.
Shen Danyang said that while boosting consumption, the report also made targeted deployments for investment. Especially in response to the problems in the investment field for some time, it is emphasized that we must actively expand effective investment and improve investment efficiency.
Shen Danyang said that in terms of funding strength, it is necessary to expand the source of funds and increase the scale of funds at the same time, and the scale of government investments such as ultra-long-term special treasury bonds, central budget investment, and local government special bonds have increased significantly. In terms of management mechanism, it is proposed to optimize the special bond management mechanism of local governments, implement negative list management in the investment field, delegate project review authority, and strengthen supporting financing such as ultra-long-term loans. In terms of investment orientation, support the increase in service industry investment, focus on using government investment to drive private investment, implement policies to promote the development of the private economy, and support and encourage the development of private investment.
