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In the specific deployment, the Central Economic Work Conference decided to "implement special actions to boost consumption, promote low-and middle-income groups to increase their income and reduce their burdens, and enhance their spending power, willingness and level. Appropriately raise the basic pension for retirees, raise the basic pension for urban and rural residents, and raise the financial subsidy standard for medical insurance for urban and rural residents. "Zhao Bo, an associate professor of economics in the National Development Research Institute of Peking University, pointed out that since the Third Plenary Session of the Eleventh Central Committee of the Communist Party of China, the proportion of China's household consumption in GDP has experienced a short-term rise and a continuous decline, and rebounded around 2009, and it is currently maintained at around 40%.

In view of investment, the meeting once again stressed the need to "improve investment efficiency." Cai Yang, Investment Research Institute of the National Development and Reform Commission, and Hao Xiaojing, China Academy of Fiscal Science wrote that the so-called "benefits" mainly have three characteristics: overall situation, long-term nature and adaptability. In the "expanding the effective investment index system" compiled by them, comprehensive economic benefits, adapting to demographic changes, accelerating the formation of new quality productive forces, and consolidating national strategic security are the four expected first-level indicators to quantify investment benefits. Cai Yang and Hao Xiaojing believe that the government should create a good macro-environment, institutional environment and market environment, adjust the direction and intensity of macro-control in a timely manner, comprehensively use various policies to guide the allocation of social resources, and strive to achieve a series of expected indicators.Zhao Bo, an associate professor of economics in the National Development Research Institute of Peking University, pointed out that since the Third Plenary Session of the Eleventh Central Committee of the Communist Party of China, the proportion of China's household consumption in GDP has experienced a short-term rise and a continuous decline, and rebounded around 2009, and it is currently maintained at around 40%.Article source: Securities Times

Securities Times reporter Qin YanlingArticle source: Securities Times