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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.Then there is "improving investment efficiency". I want to tell you here that improving investment efficiency is not to improve investment yield, and we can't draw an equal sign directly. There is only one sentence directly related to the stock market in the full text:

Implement a more active fiscal policy and a moderately loose monetary policy.If you carefully understand these changes in wording, you can feel the great difference.The prefix of "more active" fiscal policy last year was "active" fiscal policy, so a comparison is a progressive relationship;

The prefix of "more active" fiscal policy last year was "active" fiscal policy, so a comparison is a progressive relationship;Promote the integrated development of scientific and technological innovation and industrial innovation, stabilize the property market and stock market, and prevent and resolve risks and external shocks in key areas.Implement a more active fiscal policy and a moderately loose monetary policy.