On December 12, Cheng Qiang, chief economist at Debon Securities, said that the overall tone of this year's Central Economic Work Conference policy is more prominent, “improving quality and efficiency,” and that the 2026 economic growth target will be adjusted to a level that is more realistic and more in line with the requirements of improving quality and efficiency and high-quality development. Cheng Qiang said that in the year the “15th Five-Year Plan” began, the industry was still the focus, and the expansion of domestic demand, scientific and technological innovation, and “double carbon” are worth paying attention to. Policy development focuses more on combining short-term policy strength with long-term system reform. The conference proposed “adhering to the combination of policy support and reform and innovation, it is necessary to achieve both 'liberation' and 'good management'” and “adhere to innovation drive and step up the cultivation and expansion of new momentum”. Cheng Qiang believes that industrial development has been raised to an unprecedented level, and the focus of work in the next few years will be on leading the industry and building safe construction; exploring and constructing a macroeconomic policy system oriented to industrial development; achieving substantial and breakthrough progress in promoting scientific and technological innovation, accelerating the cultivation of new momentum, and promoting the optimization and upgrading of the economic structure will become one of the important directions for future work.

On December 12, Cheng Qiang, chief economist at Debon Securities, said that the overall tone of this year's Central Economic Work Conference policy is more prominent, “improving quality and efficiency,” and that the 2026 economic growth target will be adjusted to a level that is more realistic and more in line with the requirements of improving quality and efficiency and high-quality development. Cheng Qiang said that in the year the “15th Five-Year Plan” began, the industry was still the focus, and the expansion of domestic demand, scientific and technological innovation, and “double carbon” are worth paying attention to. Policy development focuses more on combining short-term policy strength with long-term system reform. The conference proposed “adhering to the combination of policy support and reform and innovation, it is necessary to achieve both 'liberation' and 'good management'” and “adhere to innovation drive and step up the cultivation and expansion of new momentum”. Cheng Qiang believes that industrial development has been raised to an unprecedented level, and the focus of work in the next few years will be on leading the industry and building safe construction; exploring and constructing a macroeconomic policy system oriented to industrial development; achieving substantial and breakthrough progress in promoting scientific and technological innovation, accelerating the cultivation of new momentum, and promoting the optimization and upgrading of the economic structure will become one of the important directions for future work.