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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.If you carefully understand these changes in wording, you can feel the great difference.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:

The prefix of "more active" fiscal policy last year was "active" fiscal policy, so a comparison is a progressive relationship;This is very close to the time when the full draft of the meeting was released. Let me show you some of the contents:Fiscal policy and monetary policy are important ways to regulate the economy.

We should vigorously boost consumption, improve investment efficiency and expand domestic demand in all directions.Overall, this is a good thing for A shares.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.