Guojin Securities: The main theme of domestic demand in the "15th Five-Year Plan" will develop around the foundation of being a "manufacturing giant" and grow into a "consumer giant".

Guo Jin Securities research report indicates that, first, it is necessary to improve the income distribution system by increasing the proportion of labor compensation in the initial distribution and the proportion of disposable income in the national income distribution. Second, it is important to strengthen social security by filling in the gaps in education, healthcare, and elderly care, improving the supply level of basic public services, using rural resident pension reform as a starting point, and unleashing domestic demand.