Minsheng Securities: Six Key Signals of the Economic Work Conference

Jinshi Data News on December 13th, the macro team of Minsheng Securities research report stated that the issues raised at the Political Bureau meeting and the answers given at the Economic Work Conference are "from point to surface". Therefore, to grasp the main line of the economy next year, we believe that the following six signals are very important: first, to face external and internal problems and risks more candidly. Second, directly "reveal the cards" and raise the deficit, which is rarely seen in history. Third, unprecedented attention and determination to boost consumption. Fourth, the focus of monetary policy is on continuity and strengthening, and coordination with fiscal policy. Fifth, stabilize the real estate market and stock market, and clarify the current bottom is possibly the most important. Sixth, a new idea of supply-side reform- combating "internal circulation".