Recently, multiple departments have held intensive work meetings to deploy key tasks for economic work in 2025, and to comprehensively expand domestic demand, enhance technological innovation capabilities, and promote the stabilization and recovery of the real estate industry have become "key words". Experts suggest that various departments should focus on key areas and critical links, plan ahead, introduce a series of effective measures, strengthen coordination and cooperation, and use policies to guide efficient allocation of resources and factors, which will create more favorable conditions for sustained economic recovery and improvement. Expanding domestic demand in all aspects has become one of the key tasks determined by multiple departments for 2025, and attention is paid to designing "construction drawings" with different focuses based on their respective functions. Focusing on boosting consumption, the National Development and Reform Work Conference proposed to intensify efforts to do a good job in the "two new" work, implement special actions to boost consumption, and promote consumption expansion, quality improvement, and efficiency enhancement. The National Development and Reform Commission and the Ministry of Finance recently issued a notice to deploy efforts to promote equipment updates, expand support for consumer goods trade in, accelerate the improvement of recycling and reuse levels, and other aspects of work. To boost consumption, multiple departments have proposed practical measures to increase income. The Ministry of Finance has proposed to appropriately increase the basic pension for retirees, increase the basic pension for urban and rural residents, raise the financial subsidy standards for urban and rural residents' medical insurance, and vigorously boost consumption. The Ministry of Human Resources and Social Security has clarified that it will deepen the reform of the salary system, appropriately increase social security benefits, consolidate the stable operation of the social security system, actively promote income growth, and boost consumption. Liu Yuanchun, President of Shanghai University of Finance and Economics, stated that the path to boosting consumption is clear and sustainable by increasing financial support for people's livelihoods, increasing the income of key groups, and improving the consumption of those with higher marginal propensity to consume. In terms of investment expansion, the National Development and Reform Commission said that it would speed up the promotion of "dual" construction, expand effective investment, make overall use of various construction funds such as central budget investment, ultra long term special treasury bond, and new local government special bonds, promote the formation of more physical work as soon as possible, and continue to promote the introduction of private capital into major projects. The Ministry of Finance proposes to actively expand effective investment, reasonably arrange bond issuance, and effectively drive more social investment through government investment. According to Luo Zhiheng, Chief Economist and Dean of the Research Institute at Yuekai Securities, considering that the new quota for special bonds will be 3.9 trillion yuan in 2024, the scope of use will be expanded and a negative list will be adopted by 2025, with an expected scale of 4.5 trillion yuan or even higher. Multiple departments have put a lot of emphasis on technological innovation when deploying key economic work for 2025 to enhance their technological innovation capabilities. The National Conference on Industry and Information Technology has identified 12 tasks, including fully promoting stable growth of the industrial economy, cultivating and strengthening emerging and future industries. Among them, it is mentioned to promote the integrated development of technological innovation and industrial innovation. Deepen the implementation of major national science and technology projects, innovate the organizational model for tackling key issues, and quickly form a group of core technologies that drive industrial development. The working conference of the People's Bank of China proposed that we should make a good overall plan for the "five major articles" of finance and further increase financial support for scientific and technological innovation. Around supporting the construction of a modern industrial system, the Ministry of Finance proposes to focus on enhancing scientific and technological innovation capabilities and fully support key core technology research and development. Accelerate the promotion of industrial transformation and upgrading, and deeply implement the policy of rewarding and subsidizing specialized, refined, unique, and new small and medium-sized enterprises. The National Development and Reform Commission stated that it will accelerate the construction of a modern industrial system and promote the upgrading of key industries. Strongly support the high-quality development of the manufacturing industry and comprehensively rectify the "internal competition". Accelerate the development of emerging industries and cultivate future industries, and focus on high-quality development of the digital economy. Zhu Keli, Executive Director of the China Information Association and Founding President of the National Research Institute for New Economy, stated that technological innovation is the core driving force for promoting high-quality economic development. The country provides strong guarantees for technological innovation through measures such as increasing research and development investment, optimizing the innovation environment, and strengthening intellectual property protection, and continues to build an innovation highland with international competitiveness. Tian Xuan, Dean of the National Institute of Finance at Tsinghua University, believes that building a modern industrial system requires a sound multi-level financial service system. By improving the service functions of the capital market, providing diversified financial products and services, providing sufficient financial support for technological innovation and industrial upgrading, and continuously stimulating the vitality of various innovative entities. Promoting the real estate market to stop falling and stabilize, building a new model for real estate development, and promoting the real estate market to stop falling and stabilize... By 2025, doing a good job in real estate work will still be a key focus of economic work for multiple departments. The National Conference on Housing and Urban Rural Development proposed to continue to vigorously promote the stabilization of the real estate market, focus on releasing demand, and focus on improving supply. Promote the construction of a new model for real estate development. Vigorously implement urban renewal. Luo Zhiheng stated that it is possible to accelerate the lifting of non essential restrictive measures, accelerate the promotion of guaranteed delivery of housing, collection and storage of existing housing, and acquisition of existing land by real estate companies. It is also possible to guide and encourage the development of high-quality residential products to meet the reasonable needs of residents with high-quality supply. Fan Sibin, President of the Urban Renewal Branch of the China Academy of Urban Planning and Design, stated that in order to vigorously implement urban renewal, local governments should actively plan and strengthen the coordination of regional resources and underground and above ground linkage, and effectively drive social investment through government investment. At the same time, it is necessary to strengthen market-oriented operations, improve the efficiency of government investment, and transform the improvements in infrastructure, public services, green environment, historical culture, and other areas invested by the government into asset appreciation and operational efficiency enhancement. The People's Bank of China stated that it will improve macro prudential management of real estate finance, support the resolution of risks in the real estate market, and promote stable and healthy development. Support the construction of a new model for real estate development. The Ministry of Finance stated that it will promote the real estate market to stop falling and stabilize. Zhou Yinggang, dean of the School of Economics of Xiamen University, said that implementing more active fiscal policies and moderately loose monetary policies will become the key to driving the real estate market back to stability and China's economic recovery. The key is to change the way of money delivery, increase the proportion of financial delivery, promote the linkage between financial expansion and the expansion of the central bank, strengthen the inclusiveness of social security, and achieve policy coordination with treasury bond as the link. (New Society)