Just last Friday, an important meeting on China's development trend next year was officially held.
I read the draft three times and found that there is a huge amount of information behind it, and there are four major points of interest, which are related to the economy, the property market, international relations and other aspects. Today's article is very important, and I recommend that you read it by all means.
First, the economy
The high-level clearly mentioned that next year's economy should seek progress in stability, promote stability, first establish and then break, and seek progress in stability We are all familiar with it, but this time the last two sentences were specially added, and it is obvious that the economy will be more important next year, so the GDP growth rate in 2024 is likely to be no lower than this year's target.
Second, the property market
Real estate was not mentioned at the top of the meeting, in other words, there is likely to be no major stimulus for the property market in 2024. At present, the main characteristics of real estate are still stable housing prices and destocking, so everyone should not have hope for the property market next year, and the cooling trend is expected to continue.
Third, the top level stressed the need to implement a proactive fiscal policy and a prudent monetary policy next year.
Fiscal policy is related to national revenue and expenditure, so a proactive fiscal policy means that there are likely to be tax cuts, fee reductions and other policies next year, and at the same time, investment will also increase. As for monetary policy, Goldman Sachs expects that the central bank will cut the reserve requirement ratio three times and cut interest rates once next year.
Fourth, for the first time, the high-level proposed to strengthen economic propaganda and guidance.
As we all know, in the second half of the year, the United States launched a war against us, first Wall Street and the United States took turns to sing about China's economy, and then last week Moody's downgraded China's outlook, the purpose is to shake the confidence of domestic and international investors, and now the high-level voice will gather information power for China's economic development to be stable and far-reaching.
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