Minsheng Securities: Six Key Signals of the Economic Work Conference

On December 13th, Minsheng Securities macro team research report said that the Politburo meeting raised the question, the economic work conference gave the answer "from the point to the aspect". Therefore, to grasp the main line of the economy next year, we believe the following six signals are very critical: First, more frankly face up to external and internal problems and risks. Second, directly "explicitly" raise the deficit, which is rarely seen in history. Third, the attention and determination to boost consumption are unprecedented. Fourth, monetary policy focuses on the continuation and strengthening, and does a good job of coordinating with the fiscal. Fifth, stabilizing the property market and stock market, and clarifying the bottom may be the most important at present. Sixth, a new idea on the supply side - rectifying the "internal volume".