State Development and Reform Commission Party Group: Accelerating the improvement and expansion of the domestic demand system mechanism.

The Party Group of the National Development and Reform Commission pointed out in an article published in the "Seeking Truth" magazine that it is necessary to accelerate the improvement of the system and mechanism for expanding domestic demand. On the one hand, it is necessary to improve the system and mechanism to promote consumption. This includes promoting the removal of unreasonable restrictions on consumption such as those on cars and housing, and establishing and improving management methods that adapt to new consumption formats, models, and scenarios. It also involves implementing paid staggered holidays, steadily expanding the scope of free education, and implementing a system where basic public services are provided by registering permanent residency. To meet the needs of land spatial layout, population structure changes and flow directions, industrial upgrading trends, and service function optimization, it is necessary to optimize the layout of supporting infrastructure and public service facilities. On the other hand, it is necessary to deepen the reform of the investment and financing system. This includes exploring the preparation of comprehensive government investment plans in places with a good foundation for work, focusing on solving the problem of "heavy input and light output" in some areas of investment, improving the mechanism for forming prices in areas such as transportation and energy, and continuously strengthening investment project services and factor guarantees to increase investment returns. It also involves leveraging the role of new types of policy-oriented financial instruments, real estate investment trusts in the infrastructure sector, universal loans, and optimizing mechanisms such as investment subsidies and loan interest discounts to stimulate investment vitality. Additionally, it involves deepening the reform of the investment approval system, giving more attention to revitalizing idle and inefficient assets, and using existing stocks to drive optimization and increase new investments.