With the arrival of the critical period for the implementation of the "15th Five-Year Plan", ensuring the annual economic work and anchoring the long-term development direction have become important support for promoting the implementation of national strategies and ensuring the stable progress of the industry. Against this backdrop, the Central Economic Work Conference, held from December 10th to 11th, 2025, as a key node meeting for coordinating current economic deployment and the long-term layout of the "15th Five-Year Plan", has attracted significant attention from all walks of life.

According to Xinhua News Agency, after the conclusion of the Central Economic Work Conference, the relevant responsible comrades of the Central Financial Office accepted interviews from the main central media in the first time, deeply interpreting the spirit of the Central Economic Work Conference and answering the concerns of public opinion. What is the current economic situation? How to promote the key tasks of the new start of the "15th Five-Year Plan"? What are the arrangements for next year that are related to geological workers?In response to these questions, the mining industry has sorted out the geological related content in the Central Financial Office's Q&A on the interpretation of the spirit of the Central Economic Work Conference, in order to help everyone grasp the policy orientation, plan and prepare early.

01 What will be the economic situation next year?

Looking ahead to next year, the world economy is expected to continue its moderate growth trend, but there are many variables. From the domestic perspective, we are facing many difficulties and challenges, but the long-term favorable conditions and basic trends that have not changed, such as the advantages of the socialist system with Chinese characteristics, the advantages of the super-large market, the advantages of the complete industrial system, and the advantages of the rich talent resources. The active flow and innovation of factors continue to inject new impetus into development, and the flow of people, logistics, information, and capital continues to grow rapidly. The growth rate of investment and consumption is expected to recover next year, the transformation and upgrading of industries is accelerating, and the stage of scientific and technological and industrial innovation is entering a stage of concentrated outbreak of achievements. The prospects for China's economic development are very bright.

02 Where is the space and motivation for stimulating consumption and expanding investment?

Next year, we should focus on benefiting the people and enhancing our resilience, and promote a recovery and stabilization of investment. Investment has been declining, but there are still many shortcomings and weak links in China in terms of scientific and technological innovation, industrial upgrading, infrastructure, and improving people's livelihoods. We should combine investment in material things with investment in people, coordinate efforts to boost consumption and expand investment,accelerate the construction of consumption infrastructure such as parking lots, charging piles, and tourist roads,increase the proportion of investment in people's livelihoods such as elderly care, childcare, and medical care, promote high-quality urban renewal, and focus on expanding effective investment. We should effectively play the role of government investment in driving investment, make good use of central budgetary investment, super-long-term special bonds, local government special bonds, and other funds,optimize the implementation of "two-key" projects, and implement "15th Five-Year Plan" major projects that meet the conditions in advance,we should stimulate the vitality of private investment, implement the further measures to promote the development of private investment,support private enterprises to participate in major projects in fields such as railways and nuclear power,guide private investment to expand to new tracks such as high-tech and service industries, and enhance the confidence of private investment with more solid measures.

03 What are the difficulties and blockages in the current in-depth construction of the national unified market? What are the new means to rectify the "involutionary" competition?

China has the advantage of a super-large market, but there are still some phenomena in the real economic activities that distorting the market mechanism and hindering fair competition, especially the prominent problem of "involutionary" competition, and the construction of a unified national market still faces many blockages and bottlenecks, affecting the smoothness of the economic cycle.

The Central Economic Work Conference this time further deployed the construction of a unified market. Next year, more targeted measures should be taken to further enhance the construction of a unified market and achieve efficient allocation of various resources and factors.

At the market level, it is necessary to continuously improve the rules of market operation.Accelerate the formulation of regulations on the construction of a unified national market, build a basic institutional framework for a unified market, and improve the basic systems such as market access, fair competition, and quality standards.Focus on breaking down barriers in the aspects of factor access, qualification recognition, bidding and tendering, and government procurement, so that factor resources can flow freely in a larger range and improve the efficiency of market operation.

At the government level, it is necessary to continuously regulate the economic promotion behaviors of local governments.Regarding the issue that some places provide illegal preferential policies such as taxes, fees, land, and electricity prices in attracting investment, and even incur debt for subsidies, it is necessary to accelerate the formulation of a list of encouraged and prohibited matters for local investment attraction, and to clarify the red lines and bottom lines. It is necessary to resolutely correct the practice of attracting investment in violation of regulations through "drawer agreements" and other means.It is necessary to continuously regulate the law enforcement behaviors related to enterprises, and improve the basic system of administrative discretion. It is necessary to focus on rectifying the chaos in bidding in some fields, clear away unreasonable restrictions, and prevent local protectionism.It is necessary to improve the statistical, financial, and assessment systems that are conducive to the construction of a unified market, and promote the establishment and practice of a correct concept of political achievements.

At the enterprise level, we need to thoroughly rectify the "endogenous" competition. We need to accelerate the improvement of the capacity control mechanism for key industries, strengthen dynamic monitoring and early warning, to orderly exit the backward capacity and also to smoothly continue the new high-quality capacity.We need to strengthen comprehensive governance, strengthen industry self-discipline, standard leadership, and comprehensively use credit supervision, price enforcement, anti-monopoly and anti-unfair competition and other regulatory means, to focus on regulating market competition order, to form a high-quality and high-price, benign competition market ecology, and to better play the market mechanism of the survival of the fittest function.

04 What are the new arrangements for next year to adhere to the "double carbon" guidance and promote a comprehensive green transformation?

In September this year, General Secretary Xi Jinping announced the new national determination goal, for the first time put forward the absolute emission reduction target covering the whole economy and including all greenhouse gases, showing the firm determination of our country to actively respond to climate change. According to the deployment of the Central Economic Work Conference, next year will continue to focus on five aspects, coordinate the promotion of carbon reduction, pollution reduction, expansion of green space and growth, and enhance the momentum of green development.

First, actively and steadily advance the peak carbon emissions.Next year is the first year to fully transition from dual control of energy consumption to dual control of carbon emissions. It is necessary to further consolidate the statistical and accounting foundation for carbon emissions, and implement the dual control system of total and intensity of carbon emissions.Coal and oil are the mainstays of China's energy consumption and carbon emissions. It is necessary to deeply promote the energy conservation and carbon reduction transformation of key industries, and steadily promote the peak of coal and oil consumption.It is necessary to strengthen the construction of the national carbon emission trading market, and improve the voluntary emission reduction trading system for greenhouse gases.

Second, we will accelerate the construction of a new clean energy system.The proposal to build a strong energy country for the first time in the 15th Five-Year Plan is of great significance.We will formulate a plan for the construction of a strong energy country next year. We will continue to increase the share of new energy supply, accelerate the construction of clean energy bases, and ensure that new electricity consumption is mainly met by new energy power generation.We will comprehensively improve the level of complementarity and resilience of the power system, and build smart grids and microgrids. We will actively expand the application scenarios of clean energy, expand the use of green electricity, and build a number of zero-carbon industrial parks and zero-carbon factories.

Third, accelerate the development of green and low-carbon industries. It is necessary to improve supportive policies in fiscal and taxation, finance, investment, etc., and cultivate new growth points such as hydrogen energy and green fuels. Carry out the comprehensive treatment action for solid waste, establish a comprehensive solid waste treatment system that includes source reduction, process control, end - use, and harmless management throughout the whole chain, strengthen the recycling of renewable resources, and vigorously develop the circular economy.

Four, we will continue to fight pollution and optimize the ecosystem. We will continue to fight the battles for blue sky, clear water, and clean land, and strengthen the governance of new pollutants.At the same time, we will coordinate the protection and restoration of important ecosystems, solidly promote the battle for the "Three Norths" project, strengthen the governance of key lakes, integrate and optimize nature reserves, and accelerate the construction of a nature reserve system with national parks as the main body.

Fifth, improve the capacity to respond to extreme weather. Next year, we will strengthen the system of meteorological monitoring, forecasting, and early warning, further improve monitoring means, improve the accuracy of forecasts, strengthen the linkage between meteorological warnings and disaster warnings, and work hard to make up for the shortcomings in flood control, drainage, and disaster resistance infrastructure in northern regions, so as to improve the capacity to prevent and mitigate disasters.

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