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The prefix of "more active" fiscal policy last year was "active" fiscal policy, so a comparison is a progressive relationship;Steady is the key word. Our goal is not to stimulate the stock market, but to develop the economy and transmit it to the economy.

The prefix of "moderately loose" monetary policy was "prudent" last year, and the prefix of "moderately loose" was adopted last time in 2010, which has not been used for more than ten years, so it is rare.This is very close to the time when the full draft of the meeting was released. Let me show you some of the contents:After the terminal consumption, it has an obvious pulling effect on the middle industry, and the PMI in October and November has also returned to above 50.

Overall, this is a good thing for A shares.Implement a more active fiscal policy and a moderately loose monetary policy.We should vigorously boost consumption, improve investment efficiency and expand domestic demand in all directions.