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2. Central Economic Work Conference: Next year, we will implement a more active fiscal policy, raise the fiscal deficit ratio, and increase the issuance of ultra-long-term special government bonds.5. Central Economic Work Conference: Leading the development of new quality productive forces with scientific and technological innovation, building a modern industrial system, carrying out artificial intelligence+actions, and cultivating future industries.To implement a more active fiscal policy and improve the fiscal deficit ratio, this means that the fiscal leverage ratio will reach 4.5 trillion yuan, and at the same time, it will continue to increase the ultra-long-term special national debt to about 2 trillion yuan, and increase the appropriate leverage ratio, which is equivalent to the periphery. Our deficit ratio is still stable and has some surplus. This is an appropriate and loose incremental fiscal policy, which is conducive to promoting the continued economic recovery and growth and the rebound of the stock market.

This is the tone of the main work in 2025. The main direction is to vigorously boost consumption, including issuing consumer vouchers in many places, including boosting the stock market, which is also expected to boost consumption. The stock market and large consumption are expected to form a good positive cycle development.Like the support, I wish everyone a victory!

Like the support, I wish everyone a victory!This is the first time that a moderately loose monetary policy has been mentioned in 14 years, which means that the liquidity of the financial market will be relatively abundant next year, and there is still room for banks to continue to lower the RRR and cut interest rates, which will bring benefits to real estate, enterprises and individuals, and be conducive to the continued recovery and development of the economy.The stock market is a policy market. Don't always think what you mean by what you say. The personal perspective is simple. We should enlarge the pattern, have a macro view and a long-term vision.