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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.The prefix of "more active" fiscal policy last year was "active" fiscal policy, so a comparison is a progressive relationship;Therefore, consumption is our focus for a long time to come, and it is also often said: to open up the big cycle of domestic consumption. Next year, we will issue 1 trillion special treasury bonds and make a fuss about consumption.

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.This is very close to the time when the full draft of the meeting was released. Let me show you some of the contents:If you carefully understand these changes in wording, you can feel the great difference.

Overall, this is a good thing for A shares.This is very close to the time when the full draft of the meeting was released. Let me show you some of the contents: