The country is on schedule in 2025, and this event, which brings together the will of the nation and the expectations of its people, will not only outline chinaEconomyDevelopmentThe new blueprint, read:People's livesTemperature and "InnovationPulse is a background, responding to the concerns of thousands of families. This year's two sessions focused on six key words at the intersection between the 14th and the 15thPolicyThere is also a deepening of the well-being of the people, and even more so the failure of technology and reform。
An economic chapter: stabilizing progress, driven by “consumption + innovation” growth
The year 2025 was the year of admission of the “1455” plan, with a policy focus on high-quality completion of the planning objectives and the convergence of the “155” plan. Fiscal policy will be more active, with a projected increase in the deficit rate from 3 per cent to 4 per cent, with an additional extra long-term special national debt of 2 trillion yuan, with a focus on science, technology and innovation, green transformation and livelihood security. The report on the work of the government clearly provides for “enhanced people-oriented macro-policy” to inject sustained energy into the economy by expanding domestic demand, boosting consumption and optimizing investment structures。
Consumption escalation: from “old to new” to “dry to consume” consumption is classified as “first task” for the economy this year. The central fiscal authority has set aside $81 billion to support consumer goods in exchange for old and old, and has overloaded special national debt funds to cover large items such as household electricity and automobiles, while improving the social security system to raise the level of security for low- and middle-income groups in areas such as education, health care and old age, so that residents can “bold” for “consumption”. Experts predict that the contribution of consumption to GDP growth is expected to exceed 60 per cent, becoming the core engine of economic growth。
Private economy: from the “living army” to the “major forces” private enterprises, which contribute 92 per cent of the country's enterprises and 92 per cent of the country's high-technology enterprises, the policy level is accelerating the enactment of the private economic promotion act to address the difficulties of financing small and medium-sized enterprises (smes), slow recovery of accounts, etc., and pave the way for their “light-loading up” through measures such as tax cuts, debt settlement and overseas escorts。
People's life: “big happiness”
Old-age and childcare: policy “timely rain” takes care of concerns
For the first time, the government's report included “childcare allowance” in the national policy framework and clarified that the minimum basic old-age pension for urban and rural residents would be increased by an additional $20, with an increase of $240 in “silver benefits” throughout the year. This initiative both alleviates the family's reproductive anxiety and responds to the ageing concerns of 300 million older people, highlighting the “bringing and nurturing” population temperature。
Employment and income: a public opinion survey on the eve of the two conferences on “better bottoms” for those fighting for it showed that “job opportunities” for “income growth” were among the issues of greatest concern to the population. The policy promotes the diversification of the job market through vocational skills training, job security subsidies and flexible employment support, while raising the minimum wage and optimizing a tax credit to make the “money bag” more popular。
3. Digital empowerment: the balancing of security and convenience 5g coverage with increased availability of artificial intelligence applications has brought data security and networking to the fore. The report on the work of the government proposes “enhanced governance of data security” to promote both digital economic development and to safeguard the personal information “firewall” so that the technological dividend can truly benefit people's lives。
Iii. Innovative articles: from “china made” to “china wise”
“assumption+”: the last kilometre to innovation, following the inclusion of artificial intelligence+ in the report of the government on its work in 2024, this year both sessions will place greater emphasis on the use of technology and the setting of scenes. The open-source breakthrough of deepseek, a large model of national production, and the full distribution of business ai applications have facilitated the full upgrading of industrial chains from chips, algorithms and terminals. The ministry of industry and communications has explicitly supported the development of generic large-scale models, with local competitions for artificially intelligent industrial clusters, with a target of 600 billion yuan in core industries。
New quality productivity: science, technology and finance are two-wheel-drive “new quality productivity” becoming a high-frequency term, and policies support frontier areas such as artificial intelligence, human robots, through fiscal subsidies, tax incentives and reform of multi-layer capital markets. Innovative credit products from financial institutions that help to cross the “laboratory-to-production line” are being provided to science and technology enterprises by optimizing market access conditions。
Counter- “infiltration”: from virulent competition to benign ecology, “infiltration” competitions such as low-price dumping, duplicate construction, the directorate-general of markets conducts special local management, directs enterprises to scientific and technological innovation and quality upgrading, regulates local government recruitment and creates a level playing field。
The two national conferences in 2025 were a “road map” for economic transformation and a “state of commitment” for human well-being. From consumption boosts to old-age parenting, from artificial intelligence to anti-intelligence, each hot phrase is followed by the same resonance between policy and public opinion. As stated in the report on the work of the government, “reading china requires both facing up to the challenges and strong confidence”. During this spring season, china is working pragmatically to write a new chapter on high-quality development。
