Recently, multiple departments including the National Development and Reform Commission, Ministry of Finance, Ministry of Commerce, People's Bank of China, and State owned Assets Supervision and Administration Commission of the State Council have intensively deployed and implemented the spirit of the Central Economic Work Conference, and compiled a list of key tasks for 2026. The reporter learned that more incremental policies will be introduced next year based on changes in the situation, focusing on boosting consumption, promoting investment to stop falling and stabilize, and cultivating and strengthening new driving forces. Among them, policies to boost consumption in areas such as debut economy, event economy, e-commerce, and "artificial intelligence+consumption" will be accelerated; Appropriately increase the scale of investment within the central budget and prioritize the implementation of major projects that meet the conditions for the 15th Five Year Plan. At the same time, we must actively and prudently resolve risks in key areas. To boost consumption, practical measures must be taken to increase the scale of investment within the central budget. This year's Central Economic Work Conference will continue to prioritize expanding domestic demand as one of the eight key tasks for next year, requiring "adhering to the leading role of domestic demand and building a strong domestic market". Multiple departments have put forward specific policy measures around expanding domestic demand. Since the beginning of this year, the policy of exchanging old for new consumer goods has driven rapid growth in sales of related products. The penetration rate of the new energy vehicle market reached nearly 60% in November, and consumption of sports events, cultural tourism, and other industries has been booming. Han Wenxiu, Deputy Director in charge of daily work and Director of the Central Agricultural Office of the Central Finance Office, stated at the 2025-2026 China Economic Annual Meeting that the next step is to deepen the implementation of the special action to boost consumption, formulate and implement plans to increase the income of urban and rural residents, and continue to increase the basic pension for urban and rural residents; Optimize the implementation of the "two new" policies and give local governments more autonomy. The recently held National Conference on Development and Reform proposed that practical and innovative measures should be taken to boost consumption. Optimize the implementation of the policy of exchanging old for new consumer goods, actively expand service consumption, accelerate the clearance of unreasonable restrictive measures in the consumption field, and promote the upgrading of consumer supply quality. The Party Group Meeting of the Ministry of Commerce also pointed out the need to expand the supply of high-quality goods and services and unleash the potential of service consumption. Xiao Weiming, Deputy Secretary General of the National Development and Reform Commission, also revealed at the 2025-2026 China Economic Annual Conference that next year, we will comprehensively expand domestic demand, accelerate the relaxation of restrictions on service consumption, accelerate the introduction and implementation of policies to boost consumption in areas such as the first launch economy, sports economy, e-commerce, and "artificial intelligence+consumption", and vigorously develop the silver haired economy and ice and snow economy. In terms of investment, the Central Economic Work Conference explicitly proposed to "promote investment to stop falling and stabilize". Han Wenxiu stated that there is still a lot of investment space in China's urbanization, technological innovation, industrial upgrading, and improvement of people's livelihoods. For example, the per capita infrastructure stock capital in China is only 20% to 30% of that in developed countries. Next year, we will appropriately increase the scale of investment within the central budget and implement major projects that meet the conditions for the 15th Five Year Plan. The investment within the central budget has increased from the past four to five hundred billion yuan to 730 billion yuan by 2025, and may continue to increase in 2026, "said Xiao Weiming. The Central Economic Work Conference calls for accelerating the cultivation and strengthening of new driving forces to promote the upgrading of key industries, adhering to innovation driven development, and intensifying the cultivation and strengthening of new driving forces. It proposes to "strengthen the position of enterprises as innovation subjects" and "implement a new round of high-quality development actions for key industrial chains". Xiao Weiming stated that the next step is to formulate an integrated plan to promote the development of education and technology talents, and strengthen the enterprise led collaborative research and development of industry, academia, research and application. Implement a new round of high-quality development actions for key industrial chains, continue to promote the upgrading of key industries, strengthen the reconstruction of industrial foundations and major technological equipment research, and develop advanced manufacturing clusters. Fully implement the "Artificial Intelligence+" initiative, improve the low altitude economic industry ecosystem, and implement demonstration systems for new technologies, products, scenarios, and large-scale applications. Central enterprises are the main force in developing new quality productive forces. The State owned Assets Supervision and Administration Commission of the State Council recently held a special meeting and stated that central enterprises should strengthen scientific and technological innovation, and promote the entire chain from technological breakthroughs to achievement transformation; Promote industrial upgrading, continue to focus on strategic emerging industries, plan ahead for future industries, and deepen the transformation and upgrading of traditional industries. Wang Yiming, Vice Chairman of the China International Economic Exchange Center, stated that as we enter 2026, with the comprehensive implementation of the "15th Five Year Plan" construction layout, new space will be opened up for economic growth. In the next five years, optimizing and upgrading traditional industries will create an additional market space of about 10 trillion yuan; Building emerging pillar industries and accelerating the development of strategic emerging industry clusters such as new energy, new materials, aerospace, and low altitude economy will give rise to trillions or even larger markets; Forward looking layout of future industries, promoting quantum technology, biomanufacturing, hydrogen energy, and nuclear fusion energy to become new economic growth points, and the new scale added in the next 10 years is equivalent to rebuilding a high-tech industry. Actively and prudently resolving risks in key areas. It is strictly prohibited to illegally add hidden debts. In order to implement the spirit of the Central Economic Work Conference, multiple departments are preparing a series of incremental measures, while also clearly stating that they will actively and prudently resolve risks in key areas. At a recent party group meeting, the Ministry of Finance proposed to continuously prevent and resolve risks in key areas, actively and orderly resolve local government debt risks, urge localities to proactively reduce debt, and strictly prohibit illegal addition of implicit debt. Various regions should strictly guard against fraudulent and digitized debt. ”Han Wenxiu emphasized that the next step is to increase financial and fiscal support, optimize debt restructuring and replacement methods, and take multiple measures to resolve the operational debt risks of local government financing platforms. In the financial sector, the State Administration of Financial Supervision and Administration of China emphasized in the next detailed deployment of key work that efforts should be made to resolve existing risks, resolutely curb incremental risks, and strictly adhere to the bottom line of not "exploding mines"; Consolidate and expand the achievements of reforming insurance, and deepen the reduction and quality improvement of small and medium-sized financial institutions; Guide banks and insurance institutions to actively resolve financial debt risks of local government financing platforms in accordance with the principles of marketization and rule of law. We must prudently promote the risk resolution, reduction and quality improvement of local small and medium-sized financial institutions, enrich risk disposal resources and means, strengthen early intervention and disposal, and firmly hold the bottom line of preventing systemic risks from occurring. ”Han Wenxiu said. In addition, the People's Bank of China has explicitly stated that it will strengthen the construction of financial risk monitoring, assessment, and early warning systems; Comprehensively balance the prevention of moral hazard in financial markets and establish a mechanism for providing liquidity to non bank financial institutions in specific scenarios; Resolutely promote the resolution of debt risks for financial support financing platforms. (New Society)