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Overall, this is a good thing for A shares.The prefix of "more active" fiscal policy last year was "active" fiscal policy, so a comparison is a progressive relationship;If you carefully understand these changes in wording, you can feel the great difference.

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.If you carefully understand these changes in wording, you can feel the great difference.Fiscal policy and monetary policy are important ways to regulate the economy.

Implement a more active fiscal policy and a moderately loose monetary policy.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.